Kerry Packer, 68; Media Mogul Was Wealthiest Man in Australia
Kerry Packer, 68, Australia’s wealthiest man and a media and gambling mogul, died Monday at his home in Sydney, Australia, after a long period of ill health. He had suffered from cancer and had undergone a kidney transplant.
Packer was rated by Forbes magazine as the world’s 94th richest person. His $5-billion fortune was based partially on his Publishing & Broadcasting Ltd., which owns Nine Network.
The billionaire also had extensive gambling interests, including the Crown Casino in Melbourne, Australia.
Packer’s company is developing casinos in Macao with Asian businessman Stanley Ho.
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