He and Erica have three kids, daughters Indigo and Emmanuelle and son, Jackson, but they announced their separation in 2013. They split up in 2002, and in June 2007, James tied the knot again, this time to Erica Baxter. James was engaged to Kate Fischer from 1996-1998, and after they called things off, he married Jodhi Meares in Oct. James is best known for his wealth and relationship with Mariah Carey. He was previously the executive chairman of Publishing and Broadcasting Limited, as well as Consolidated Meida Holdings, and has made several high-stakes investments. Since taking over the company after his father died in 2005, James has focused mostly on its worldwide gambling empire, Crown, which is one of Australia’s largest entertainment resort groups. James’ work in the company has made him a billionaire, and as of May 2015, he was estimated to be worth $6.08 billion. He inherited his family’s company, Consolidated Press Holdings Limited, from his famous father, media mogul Kerry Packer, and grandfather, Frank Packer. But piecing together known facts (and assumptions about money invested in Calendonia funds) Gretel Packer's Forbes listing at $US2 billion worth could be quite conservative.Ī spokesman for Gretel Packer declined to comment.James Packer (born James Douglas Packer on September 8, 1967 in Sydney, Australia) is an Australian businessman. Given the private nature of Gretel's financial position, this analysis is not comprehensive. If one takes into account Caledonia’s flagship hedge fund and its co-investments, the fund is up 42 per cent this year to the end of October. His counterpart on James Packer’s side was Matthew Grounds - the then head of investment bank UBS.Ĭaledonia funds have ridden some periods of extreme volatility but over five years performance has come in at around 16 per cent compound per annum. Caledonia’s chief investment office, Will Vicars (himself a billionaire), took the role of Gretel's negotiator during the split of the estate. All up the package was said to be worth a bit more than $1 billion at the time of the settlement.Ī decent portion of the cash and the proceeds of Gretel’s Crown shares has reportedly been invested with funds manager Caledonia Investments. In addition to the Crown and Zillow shares, Gretel ultimately ended up with 100 per cent of the family’s rural estate Ellerston (valued at the time at about $120 million), full ownership of the Packer boat the Artic P and cash of several hundred million dollars. Sources familiar with Gretel Packer’s financials say she sold the Crown stake years ago - well above the price at which they currently trade.įive years ago the Packer split of the estate was referred to as an acrimonious affair with James Packer said to have been unhappy with the outcome. This company, of which Gretel Packer was the sole director, can no longer be found on the Crown list of major shareholders. She held the shares through a private company RPSCO Pty Ltd. Meanwhile part of Gretel Packer’s financial settlement was a $100 million parcel (about 8.6 million) Crown Resorts shares - which can be gleaned from ASX substantial shareholder announcements. Gretel Packer seems to have done well out of her investment in Zillow.
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