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Australia's Richest Man Dies

Featured Replies

Kerry Packer dead at 68

Tuesday Dec 27 09:22 AEDT

Media magnate and Australia's richest man Kerry Packer has died, Nine Network announces.

Today Show announcer Richard Wilkins said he had just been handed official confirmation of Mr Packer's death at 68.

He said a statement from Tony Ritchie, Nine head of news, said: "Mrs Kerry Packer and her children James and Gretel sadly report the passing last evening of her husband and their father Kerry.

"He died peacefully at home with his family at his bedside.

"He will be lovingly remembered and missed enormously. Arrangements for a memorial service will be announced."

©AAP 2005

This is the 2nd time Packer has died.

Says there's nothing on the other side. :o

this time it's permanent, remember the last time, he bought a heap of ambulances for the NSW ambo service for saving life.

  • Author

Yeah, and went thru a big attitude change too. :D

I seem to recall he was instrumental in getting heart starters installed on Qantas flights.

RIP you ugly, ruthless, bastard. :o

I thought 'ol Rupert was Oz's richest person or doesn't he count anymore as he's got a US passport?

he relinquished his Oz citizenship as the american media ownership laws wouldn't allow foreign ownership.

At least the cricket is only delayed by 1 minute this morning.

Now James is really going to have to grow up quick.

Kerry Packer dead at 68

Tuesday Dec 27 09:22 AEDT

Media magnate and Australia's richest man Kerry Packer has died, Nine Network announces.

Today Show announcer Richard Wilkins said he had just been handed official confirmation of Mr Packer's death at 68.

He said a statement from Tony Ritchie, Nine head of news, said: "Mrs Kerry Packer and her children James and Gretel sadly report the passing last evening of her husband and their father Kerry.

"He died peacefully at home with his family at his bedside. 

"He will be lovingly remembered and missed enormously. Arrangements for a memorial service will be announced."

©AAP 2005

This is the 2nd time Packer has died.

Says there's nothing on the other side. :o

  • Author

Jamie will want to improve his memory in future.

He isn't smelling of roses at the OneTel inquiry.

" I don't recall that" " I don't recall that" " I don't recall that" :o

Jamie will want to improve his memory in future.

He isn't smelling of roses at the OneTel inquiry.

" I don't recall that" " I don't recall that" " I don't recall that"  :o

The smell of bulk money does that. Young Murdoch has it as well. :D

The difference is young Murdoch wouldnt remember.

He dont have the great mind for detail Daddy has.

Jamie will want to improve his memory in future.

He isn't smelling of roses at the OneTel inquiry.

" I don't recall that" " I don't recall that" " I don't recall that"  :o

The smell of bulk money does that. Young Murdoch has it as well. :D

  • Author

Yes and nicnamed the Pyjama Game by the wits, but it worked. :o

The type of cricket you watch today is the result of Packers ideas...... "One day" and "World".

Didn't Jamie marry a bra model or was that Ruperts son?

Kerry Packer dead at 68

Among other things, Mr. Packer was also one of the few people on earth who put fear into the hearts of casino pit bosses everywhere. The casinos coveted his action because of their greed, but Mr. Packer would also pack heavy, known to win and lose multiple millions in a sitting. There is a story that he actually turned out the lights for a night in one far east casino, actually tapping them out for a night. It is rumored that a few of his wins put larger American casinos in the red for an entire week. Gotta respect people who have the capability to do things that we will never be able to do. RIP.

Dead at 68 seems unreasonable for a man with his money. What did he die from?

Heart Disease for 10 years or longer combined with workaholicism.

Dead at 68 seems unreasonable for a man with his money. What did he die from?

Yes and nicnamed the Pyjama Game by the wits, but it worked. :o

The type of cricket you watch today is the result of Packers ideas...... "One day" and "World".

Bloody Mary,

I was right, I hate cricket, don't know why that stuck with me?

Heart Disease for 10 years or longer combined with workaholicism.
Dead at 68 seems unreasonable for a man with his money. What did he die from?

Alcoholism sounds a better recepie for a longer life then :o

The power and passions of Australia's richest man

Email Print Normal font Large font December 28, 2005

Page 1 of 2

That Kerry Packer was Australia's richest man was probably the best-known thing about him. He was a rich man who knew that his wealth gave him influence and made no apologies. He was the major shareholder in Publishing and Broadcasting Ltd (PBL), which owned the Nine television network, the magazine publisher Australian Consolidated Press (which includes The Australian Women's Weekly, Cleo, Dolly and The Bulletin among its titles) and the Crown and Burswood casinos. Consequently, Packer-owned products of one form entered the lives of most Australians.

Mr Packer himself, the gambler and sportsman who transformed international cricket, and who boasted that he did what he could to avoid paying taxes, was a larger-than-life character. Not everybody liked Kerry Packer, but most had an opinion about him.

His tenacity and survival skills became apparent when he contracted polio during his primary school years (he was sent to boarding school when he was five). He spent nine months in an iron lung, and when he returned to school at the age of nine, he was behind his schoolmates and found himself further disadvantaged by undiagnosed dyslexia. "My life was sport," he said later. "I was academically stupid. My method of surviving through school and those sorts of things was sport." He played cricket and rugby during his school years, boxed (as did his father, Sir Frank Packer, whose media empire he inherited), sailed yachts in the Sydney to Hobart race, and was a keen golfer and polo player.

When he inherited his father's business in 1974, he soon put his own distinctive stamp on it, first buying broadcasting rights to the Australian Open golf event in 1975, and, more significantly, starting World Series Cricket in 1977. The one-day game was derided by the cricketing establishment when it began, but its conception and execution showed many of the characteristics of Mr Packer's style: it was bold, it was no respecter of tradition, and it was successful.

Under Mr Packer's leadership, Channel Nine has been known for its solid and commercially successful coverage of news and current affairs. Nine's position as ratings leader has been built around its popular evening news bulletin, followed by A Current Affair, while on Sundays it offers the serious and respected Sunday program in the morning and the more popular 60 Minutes in the prime Sunday evening slot. Taken together, its coverage of news and current affairs has been influential, the styles ranging from the tabloid to the broadsheet. In 1997, James Packer, who has inherited his father's empire, described the Packer media philosophy on A Current Affair: "At Channel Nine we have always tried to encourage diversity of opinion, whether that specific opinion is one we agree with or not. We believe in diversity of opinion and excellence."

James Packer was seeking to explain why the Packers would make responsible owners of Fairfax, the company whose mastheads include The Age, The Financial Review, and The Sydney Morning Herald. Kerry Packer never achieved his ambition of owning Fairfax, although before his death it was widely touted that coming changes to media ownership laws would put that prize within his reach. It is believed that James Packer does not share his father's interest in newspaper ownership and it may be that the threat of a Packer takeover, which has hung over the company for more than a decade, has died with Kerry Packer. Mr Packer's rivalry with the Fairfax group was partly inherited from his father and was partly the result of stories published by the now defunct Fairfax weekly, The National Times. The stories, based on documents leaked to the 1984 Royal Commission on the Painters and Dockers Union concerned a crime boss, codenamed the Goanna, which Mr Packer identified as himself. The allegations were eventually proved to be unfounded.

Mr Packer was renowned as a deal-maker, his most celebrated transaction being the one he struck in 1987 when he sold the Nine Network to Alan Bond for $1.04 billion, only to buy an expanded network back from him three years later for $200 million. Mr Packer's comment that "You only get one Alan Bond in your lifetime, and I've had mine," underplayed his own part in the deal: his willingness to put profit before sentiment in selling the business he had helped create and with which he was widely identified.

His public image was that of a tough man capable of wielding his power ruthlessly if necessary, the legacy, perhaps, of a hard childhood (in a 1979 interview, he described his father beating him with a polo whip when he was a boy). But although the private man remained private, he was said to be capable of great personal generosity. In 2000, his helicopter pilot, Nick Ross, donated his kidney to Mr Packer, and said of him: "Kerry comes across as larger than life. To some he's an ogre. The truth is that he's a very kind person who has got where he is by being tough."

All the same, Mr Packer was better known for his gambling exploits - he was reported to have lost $34 million on a Las Vegas spree in July 2000 - than for his philanthropy. His television network and his magazines entertained and informed millions but, generally speaking, they were not used as vehicles for expressing a personal philosophy or political beliefs. (These may have tended to nihilism. He died, briefly, in 1990 and famously said of the experience: "I have been to the other side, and let me tell you, there is . . . nothing there.")

And yet as a businessman he exerted immense political influence; it has been argued that Australia's media laws, as they stand, reflect that influence. As head of a family company he was able to make his presence felt and was not afraid to do so. Since becoming executive chairman of PBL in 1996, James Packer has expanded the company's casino interests and its online businesses. The failure of his One.Tel investment nothwithstanding, James Packer is widely considered to be a capable executive who has made shrewd investment choices. A drive to succeed in business is part of his father's legacy. In sport and in business, Kerry Packer played to win, and he did win much of the time. He was admired, feared and rewarded for his success. He was a maverick, a public figure who lived his life with daring, but who remains unfathomable, despite his fame and riches.

James Packer was seeking to explain why the Packers would make responsible owners of Fairfax, the company whose mastheads include The Age, The Financial Review, and The Sydney Morning Herald. Kerry Packer never achieved his ambition of owning Fairfax, although before his death it was widely touted that coming changes to media ownership laws would put that prize within his reach. It is believed that James Packer does not share his father's interest in newspaper ownership and it may be that the threat of a Packer takeover, which has hung over the company for more than a decade, has died with Kerry Packer. Mr Packer's rivalry with the Fairfax group was partly inherited from his father and was partly the result of stories published by the now defunct Fairfax weekly, The National Times. The stories, based on documents leaked to the 1984 Royal Commission on the Painters and Dockers Union concerned a crime boss, codenamed the Goanna, which Mr Packer identified as himself. The allegations were eventually proved to be unfounded.

Mr Packer was renowned as a deal-maker, his most celebrated transaction being the one he struck in 1987 when he sold the Nine Network to Alan Bond for $1.04 billion, only to buy an expanded network back from him three years later for $200 million. Mr Packer's comment that "You only get one Alan Bond in your lifetime, and I've had mine," underplayed his own part in the deal: his willingness to put profit before sentiment in selling the business he had helped create and with which he was widely identified.

His public image was that of a tough man capable of wielding his power ruthlessly if necessary, the legacy, perhaps, of a hard childhood (in a 1979 interview, he described his father beating him with a polo whip when he was a boy). But although the private man remained private, he was said to be capable of great personal generosity. In 2000, his helicopter pilot, Nick Ross, donated his kidney to Mr Packer, and said of him: "Kerry comes across as larger than life. To some he's an ogre. The truth is that he's a very kind person who has got where he is by being tough."

All the same, Mr Packer was better known for his gambling exploits - he was reported to have lost $34 million on a Las Vegas spree in July 2000 - than for his philanthropy. His television network and his magazines entertained and informed millions but, generally speaking, they were not used as vehicles for expressing a personal philosophy or political beliefs. (These may have tended to nihilism. He died, briefly, in 1990 and famously said of the experience: "I have been to the other side, and let me tell you, there is . . . nothing there.")

And yet as a businessman he exerted immense political influence; it has been argued that Australia's media laws, as they stand, reflect that influence. As head of a family company he was able to make his presence felt and was not afraid to do so. Since becoming executive chairman of PBL in 1996, James Packer has expanded the company's casino interests and its online businesses. The failure of his One.Tel investment nothwithstanding, James Packer is widely considered to be a capable executive who has made shrewd investment choices. A drive to succeed in business is part of his father's legacy. In sport and in business, Kerry Packer played to win, and he did win much of the time. He was admired, feared and rewarded for his success. He was a maverick, a public figure who lived his life with daring, but who remains unfathomable, despite his fame and riches.

My best mates Dad, Stan Perron (perron Group) is nearing 80 and still as strong as an ox. (Won't mean much to anyone other than an Aussie)

STan still has a firm grip on his assets and does not look like going ol Kerry's way for a long time.

The biggest trouble I have with him is that his wife's name is Gene, so whenever I was around for dinner, or specific functions I always felt self conscious saying hi to her.

Think about it.

My best mates Dad, Stan Perron (perron Group) is nearing 80 and still as strong as an ox. (Won't mean much to anyone other than an Aussie)

STan still has a firm grip on his assets and does not look like going ol Kerry's way for a long time.

The biggest trouble I have with him is that his wife's name is Gene, so whenever I was around for dinner, or specific functions I always felt self conscious saying hi to her.

Think about it.

It might be a bit iffy saying hi to your friend Jack these days ( particularly around airport checkin counters ) :o

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