How rich is Kerry Packer?
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The Packer family business owned a controlling interest in the Nine television network and top Australian publishing company Australian Consolidated Press, which were later united to form Publishing and Broadcasting Limited (PBL).
Packer was known for his abrasive style, his riches, his munificent gambling customs, his grand company conglomerate and his clashes with all the Australian Taxation Office as well as the Costigan Royal Commission. Outside Australia, Packer was best known for founding World Series Cricket.
During the time of his departure, Packer was the most affluent and among the very powerful men in Australia. In 2004, “Business Review Weekly” magazine estimated Packer’s net worth at $6.5 billion. Kerry Packer was also one of Australia’s biggest landholders. In 2003 a deposit of rubies was found on one of his properties.