Casino mogul James Packer is planning to privatise Crown Resorts casinos with private equity and pension funds. Through this move he is trying to raise part of the estimated $5 billion or more.
The Sydney morning herald last month reported about this important announcement.
James Douglas Packer is an Australian businessman, investor, and philanthropist. He was recently in the news for his relationship with music diva Mariah Carey.
Packer is the son of the late media mogul Kerry Packer and grandson of Sir Frank Packer. He inherited the control of their family company, ''Consolidated Press Holdings Limited'', which controls the investments in Crown Resorts, RatPac-Dune Entertainment, Zhoapin Pty Ltd and other companies.
He is the former executive chairman of Publishing and Broadcasting Limited (PBL) and Consolidated Media Holdings. His overpowering presence in the media might help the ''Merry Christmas'' singer girlfriend Mariah to be portrayed in a glowing light in media all the time.
In May 2015, the BRW magazine assessed Packer's net worth at AUD $6.08 billion and ranked him as the seventh richest Australian. Forbes Asia magazine assessed Packer's net worth at US $4.7 billion in Jan. 2015 and ranked him as the fourth-richest Australian.
The "Vision of Love" famed diva was spotted sunbathing with her billionaire boyfriend James Packer in the Caribbean as reported by Mail Online. However, it seems all is not well in their love life. Inquisitr reported that the ''Precious'' singer is ordered around by her boyfriend James Packer.
Another report by mail online talked about "All I Want for Christmas Is You" singer Mariah Carey and her billionaire beau James Packer spending 56 days on holiday since hooking up six months ago. The tabloid is worried what will happen to the next album of Mariah and the multi-billion dollar empire of Packer?
