Kerry Packer, one of the most prominent names in Australian media, was born in 1937.
He was not only the owner of the Nine television network, but also Australian Consolidated Press. Ultimately, he consolidated the two businesses to create Publishing and Broadcasting Limited.
Kerry Packer, significantly for sports enthusiasts, founded World Series Cricket.
Kerry Packer was not only a media figure and business executive, however. He was one of the wealthiest and most fascinating high rollers in history.
This document describes his gambling career.
Youthful Kerry Packer – The High Roller
Sir Frank Packer was an Australian entrepreneur who controlled both Australian Consolidated Press and the Nine Network.
Herbert Bullmore, a Scottish rugby union athlete, was the father of Gretel Bullmore.
Together, they were responsible for the December 1937 birth of Kerry Francis Bullmore Packer.
Kerry Packer did not have a sibling. His eldest sibling was named Clyde.
Growing up, Kerry Packer was an athlete. He participated in boxing, cricket, and rugby. Some believe he may have been dyslexic based on his poor academic performance.
Kerry Packer was 37 years old when his father passed away in 1974, leaving him $100 million in assets, which included his media empire. His older sibling Clyde was excluded from the will two years prior.
Kerry Packer the Entrepreneur
Before Kerry Packer, cricket was not a particularly lucrative sport. Once Packer decided to broadcast the sport on television, the sport became profitable.
In the business world, Packer was responsible for more than just media outlets and popularizing sporting events.
Additionally, he owned, invested in, and managed multiple enterprises, the majority of which were in the travel and casino industries. Probably the most famous business enterprise in this area is the Crown Casino in Melbourne, which is still one of the most successful casinos in the country of Australia.
Politicians and other executives held Packer’s business acumen in the highest regard. He shared some characteristics with the American investor and industrialist Warren Buffett.
But unlike Buffett, Packer was born into wealth. He was the antithesis of rags-to-riches.
However, Packer’s life was not perfect, and not all of his enterprises were successful. In 2001, One.Tel, a telephone corporation in which James Packer, the son of Kerry Packer, had a substantial stake, declared bankruptcy.
Kerry Packer owned more than just enterprises. Additionally, he owned a substantial quantity of land in Australia. This proved advantageous when rubies were discovered on one of his properties in 2003.
In addition to media companies, travel and casino enterprises, and real estate, the Packer family had significant investments in petrochemicals and engineering. Additionally, they mined for diamonds and lignite.
Money is required to be a high roller in the wagering realm. Kerry Packer was wealthy.
World Cricket Series
Kerry Packer was best known in his native country as a media magnate.
However, he was best known as the founder of World Series Cricket in the rest of the world. Many of the world’s finest cricket players quit their international teams to join his new division. With the authorities governing the sport, this was controversial.
It is difficult to discuss Kerry Packer and his situation with World Series Cricket without mentioning Tony Greig. He was an English cricketer who was instrumental in convincing players to abandon their former organizations and join World Series Cricket.