Connect with us

Hi, what are you looking for?

Jewish Business News


Australian casino tycoon offloads colossal Sydney mansion for $70 million

James Packer, the eccentric casino tycoon, has sold the “shopping centre-sized” mansion for record price.

James Packer, the colorful Australian casino tycoon, has set a national property price record with the $70 million sale of a colossal six-storey mansion.

The sprawling home was built for himself and Erica, then his wife, who reportedly claimed it was like a “shopping center”.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

AAP rviled that The buyer of James Packer’s $70 million Sydney mansion has been confirmed as renowned Australian-Chinese billionaire businessman Chau Chak Wing. Dr Chau, best known for his $20 million donation to the Frank Gehry-designed crumpled paper bag building at Sydney’s University of Technology unveiled in February, the report said.


About four months after moving into “La Mer” in 2013 – a property which took three years to build and has a rooftop lap pool, cinema and 20-car underground garage – Mr Packer and his wife split. Neither chose to live on the sprawling 36, 000 square-feet estate, which is in the exclusive Sydney suburb of Vaucluse.

But the jet-setting pair – he is now reportedly dating Mariah Carey, she is with Seal – have now sold the property for £33 million [$AUS70 million], the highest price ever paid for an Australian property. Despite the record price, they are expected to only just break even.

Read the full story: click here

The Telegraph By Jonathan Pearlman, Sydney


James Packer

Steve-Wynn and james-packer

Australian billionaire James Packer has scored another

coup against Las Vegas gaming kingpin Steve Wynn.

Jesse Waits, who has been running Wynn’s XS and Tryst

nightclubs, has resigned, the Review-Journal More…


James Packer, an Australian media and casino

mogul, have reportedly been looking at business

opportunities in ­Israel in the technology sector

and purchased a home in Caesarea, the habitat

for the well-heeled More…



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.