Business
Sibling rivalry: How Gretel is catching James in Packer fortunes – Sydney Morning Herald
James Packer with a fortune estimated by Forbes to be $US3.4 billion is the wealthier sibling. But his sister is catching up.
It appears that most of this reversal in fortune over the year can be attributed to a fall in the value of Crown Resorts shares. In the previous year CPH earned about $70 million in profits.
However, it should be noted that in the year to June 30, 2020, Packer did receive an interim dividend from Crown.
The Packer estate divvy up was a protracted process but looks to have settled around Christmas in 2015. The details were not made public but some elements had to be disclosed to various stock exchanges.
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