Interesting article from the Australian and around the traps of what James Packer is up to in 2024
Packer is backing three listed companies – after replacing Mike Johnston and Guy Jalland with financial guru - Lawrence Myers.
- Mark Zuckerberg’s Meta Platforms, $223m
- Nvidia Corporation and 221m 1 up 46pc to 1.8 trillion
- And Adobe. $216m
He’s dumping 24 companies across financial services, hospitality, tourism and private equity-led funds including SAP, Netflix, Expedia and Hilton Worldwide, Ta-ta, Visa and MasterCard, Blackstone, Apollo and KKR.
He’s punting
- Datadog
- fintech DLocal and
- Jack Dorsey’s payment company Block Inc. (formerly Square)
He’s selling
- Duolingo,
- construction software group Procore Technologies and
- Spotify.
He’s keeping
- Fiverr International,
- Monday.com and
- Paramount Global, which owns Network 10 –
Other projects
Packer has teamed up with American actor Robert De Niro to build a $500 million resort in Barbuda, aiming to open in late 2025.
Packer is a major investor in the Australian rugby league team, the South Sydney Rabbitohs.
He is also a philanthropist and has donated millions of dollars to charity.
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