$300m gone: James Packer reveals major Aussie scare – realestate.com.au

Reporting on the recent James Packer interview for the Rampart website has overlooked the mysterious background to his coming home at Christmas to catch up with family and friends in Sydney.

“Is it perhaps a bittersweet relationship you have with your hometown these days?” the Australian billionaire, 58, was asked during the hour-long interview.

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The exterior of the Crown Tower, Barangaroo.

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James Packer. Photo: Scott Barbour/Getty Images

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“Um, it’s probably a bittersweet relationship that I have with the ATO.

“You know, I mean, I’m a non-resident. I’ve spent probably six weeks in Australia in the last 10 years, and you know, I’ve been told that if I spend more than a few weeks in Australia, it’s going to be difficult.”

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Packer’s penthouse in Sydney.

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The shortened uploaded video, recently filmed aboard his yacht IJE in Fiji, went no further.

Of course, there are rumors that Packer is refraining from bringing IJE, his 108-metre yacht, into Australian waters for fear of it being seized.

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James Packer’s yacht has arrived. Source: Burgess

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Would the ATO seize it? Source: Burgess

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The life of the billionaire.

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One of the suites. Source: Burgess

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The yacht is worth more than 300 million dollars.

It was listed in 2021 before being withdrawn from sale.

IJE’s next trip appears to be to the Panama Canal, so he may continue on to his Mexican refuge.

Packer clearly retains title to his apartment at Crown Resort, Barangaroo, which cost $72,229,573 in 2021, and his family complex at Bellevue Hill, which cost $105 million in 2023.

Packer’s primary residence is at the Aspen ski resort in Colorado, which he purchased in 2013 for $15.6 million.

+ Additional reporting: James MacSmith

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