![]() it has all taken its toll,’’ a friend said when the Packers announced their separation. “It has just been years of pressure for James - One.Tel, getting into Macau, his father dying, selling out of Channel 9, seeing Las Vegas investments go bad. On the outside, it looked like a fairytale - the heir to the family dynasty, the dream $50 million Sydney mansion, the lavish wedding on the French Riviera, the gigantic engagement ring, the Hollywood friends.īut a friend said there had been a great deal of stress on the relationship as Packer established his global business empire. “Business is good right now, but now my personal life is a disaster,” the 46-year-old said in an interview with Forbes magazine earlier this year. Packer managed to turn his fortunes around and steer the business from the brink of disaster.Īnd then, in September, the $6.4 billion man and model wife Erica Baxter announced their six-year marriage was over. The action movie hero was devastated when ex-lover Jennifer Flavin took up with James Packer and stopped returning his calls.īut in true Hollywood style, the story ended happily ever after for Stallone - he wooed Flavin back.įor Packer - the man once dubbed Australia’s most eligible bachelor - times have not been so happy.Ī very public and dramatic punch-up with best mate and Channel 9 boss David Gyngell last week has come at the end of a difficult bout for the Crown boss.įirst there was the death of his father Kerry on Boxing Day in 2005 this was followed by the global financial crisis which saw him reportedly losing $6000 a minute in 2007-08, largely thanks to troubled US casino investments. HE is the chisel-jawed billionaire who once delivered a knockout blow to Rocky actor Sylvester Stallone’s heart.
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