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Son of legendary media tycoon Kerry Packer inherited $5 billion empire after dad's death in 2005. The Packer name had been linked to free-to-air television in Australia for decades, but he appeared to abandon the sector.Quick to put personal stamp on business, had spun off media assets and bet on gaming business Crown, which started trading in December 2007. However, Packer shocked the market in October 2010 by buying a $280 million stake in broadcaster Ten Network, then soon after selling half the stake to Rupert Murdoch's son Lachlan Murdoch and getting a board seat.
Earnings & Financial Data
Date |
Category |
Description |
Amount |
---|---|---|---|
2014 |
Sale of Asset |
Value of his Bellevue estate upon sale |
$70,000,000 |
2014 |
Asset |
Venture investment in Beats Music |
$60,000,000 |
2013 |
Asset |
Value of Crown's investment in Melco Crown Entertainment |
$6,200,000 |
2013 |
Asset |
Venture investment in Beats Music |
$60,000,000 |
2012 |
Asset |
Value of market capitalisation of Crown Limited |
$11,000,000 |
2011 |
Sale of Asset |
Value of pay-TV company Consolidated Media Holdings when sold to News Corp |
$1,000,000,000 |
2011 |
Asset |
Value of his investment in daily deals sites "Scoopon" and "Catch of the Day" |
$83,000,000 |
2008 |
Sale of Asset |
Value of most of the 25% stake he had in SEEK upon sale |
$310,000,000 |
2006 |
Sale of Asset |
Value of the 25 per cent share of the joint-venture PBL Media upon sale to CVC |
$515,000,000 |
2005 |
Sale of Asset |
Value of the deal upon sale of 50 per cent of the media assets including 50 per cent stake in web portal ninemsn and a 51 per cent stake in Carsales to private equity group CVC Asia Pacific |
$3,500,000 |
2004 |
Asset |
Value of the deal upon acquisition of 41% stake in online advertiser carsales |
$325,000,000 |
2004 |
Asset |
Value of the business he inherited upon the death of his father |
$5,000,000 |