How Rich Is The Packer Family? A Look At Their Fortune

We’re talking about billions here! The Packer family is very wealthy, and at the top of that list is James Packer. As of May 2023, James Packer was worth $4.95 billion Australian dollars, making him the 18th richest person in Australia according to the Financial Review Rich List. This list is the successor to the BRW Rich 200.

It’s important to note that these figures are just estimates. The actual wealth of the Packer family may be higher or lower depending on the value of their assets, which include their vast holdings in Crown Resorts and other investments. Crown Resorts is a major player in the Australian casino and entertainment industry, and it’s been a significant source of wealth for the Packer family. James Packer stepped down as Chairman of Crown Resorts in 2018.

However, the Packer family’s wealth goes back generations. Kerry Packer, James’ father, was a media mogul who built up a fortune through his ownership of the Nine Network, as well as other media and gambling interests. Kerry Packer was famously known as the “King of the Jungle” and was known for his colorful personality and his willingness to take risks. This entrepreneurial spirit has been passed down to James Packer, who has continued to build on the family’s legacy and expand their business empire.

The Packer family’s wealth is not just about money. It also represents a significant influence on the Australian media and entertainment landscape. The Packer family’s impact extends far beyond the realm of business, and their wealth has made them a prominent force in Australian society.