James Packer was the fourth richest man in Australia in 2011. He is the son of Kerry Packer, old press baron, who died in 2005.
He is not graduated. In fact his father was convinced that the only way to forge a business man is to do work experience, for this reason he sends him to work in a company of group.
On May 2001 the James Packer’s story, as director of the Australian company One was finished. In fact the company became insolvent, and this adventure will cost to his family 300 of Australian dollar.
In 2005, after his father death, he inherited the media empire Publishing & Broadcasting. Step by step he left this sector in order to move in entertainment industry, for him much more lucrative.
In 2007, he founded Crown Limited which took over the activities of entertainment of Publishing & Broadcasting Limited, owner of the largest amusement park in the southern hemisphere.
He also has many casinos in Canada, Australia and Las Vegas. In 2007, James Packer concluded a transaction in order to buy three casinos in Las Vegas.
The media branch will be called Consolidated Media Holdings. It owns 25% of Foxtel, the Australian operator of pay television and 50% of Premier Media Group which has many Australian newspapers.
Copyright © 4-traders.com