Kerry Packer’s net worth is estimated at A$9.2 billion in 2024, adjusted for inflation from his A$6.5 billion fortune by 2004.
His wealth was primarily accumulated through his ownership and leadership in the Nine Network, Australian Consolidated Press, Crown Casino, and various other ventures across media, entertainment, and business.
Key Sources of Wealth
- Nine Network: Packer’s strategic leadership in the Nine Network, one of Australia’s largest television networks, was a cornerstone of his empire.
- Australian Consolidated Press (ACP): His publishing company contributed significantly to his wealth, particularly through its holdings in newspapers and magazines.
- Crown Casino: A major stake in the Crown Casino added to his financial influence.
Real Estate & Investments: Packer also made substantial investments in land, telecommunications, and mining.
- Foxtel: His holdings in the Australian cable television network bolstered his business portfolio.
- Sale and Repurchase of Nine Network: In 1987, Packer sold Nine Network to Alan Bond for A$1.05 billion and repurchased it in 1990 for A$250 million after Bond’s financial collapse.
- World Series Cricket: His creation of World Series Cricket in 1977 revolutionized the sport, enhancing his brand and global profile.
Enduring Wealth and Legacy
Even after his death in 2005, Packer’s empire continued to generate significant wealth through the restructuring of his businesses under new ownership.
His son, James Packer, inherited the majority of the family’s fortune, ensuring the ongoing influence of the Packer name in Australian business.
