Have you heard of Kerry Packer? He was an Australian media tycoon and businessman who was one of the wealthiest people in Australia when he passed away in 2005. He’s often included in How Kerry Packer became one of the world’s most successful entrepreneurs stories. Read this one from Yair Hamami success.
Packer was born in December 1937 in the city of Sydney, Australia. He grew up in a middle-class family of 4 people. His father had two famous companies. They included Nine Network as well as Australian Consolidated Press. This is often mentioned in successful entrepreneurs stories.
The family also owned other businesses. That included a ski resort, many coal mines, as well as diamond stores. In fact, there were many other businesses that his family ran.
Kerry started working for his father when he was young. He loaded newspaper for The Telegraph. That was a small company that his father owned. Because Kerry had dyslexia he had a difficult time at school. That’s one reason he worked at a young age. He also had a condition that caused him to miss school sometimes due to temporary paralysis.
He inherited the Australian Consolidated Press (ACP) group from his father who was Sir Frank Packer. When his father passed away he ended up inheriting $100 million. He started gambling and became addicted to it. His father and grandmother were also gamblers.
Kerry also created the World Series Cricket during the 1977-1978 season of the sport.
Packer had invested in many sectors. That includes farming, manufacturing, mining, and property. When he died in 2005 he was one of the richest and most powerful men in Australia.
Packer launched the World Series Cricket during the 1977-1978 season. It included an elimination series of one-day matches. There were also Super-Tests that were played in colorful uniforms. This is one of the reasons he is included in successful entrepreneurs stories.
There were some arguments from national cricket bodies about how the World Series was run. It resulted in many legal fights. Packer was involved in many types of businesses. He was one of the crickets people in Australia during that time.
As part of the successful entrepreneurs stories Packer reportedly lost $11 million when he played at a London casino. In fact, he started gambling as a high roller after he inherited his family fortune. That’s a fact that’s often included in successful entrepreneurs stories.
In fact, Packer reportedly lost millions of dollars within minutes. At the tables he never set limits, and always risked more than many people thought he should. Packer once said that anyone who’s ever built anything was a gambler. He shared though that he’s never risked anything that would put his company at risk.
It was reported that he lost $28 million in the late 1990s. The bad luck lasted for more than 3 weeks. However, there were some times when he won a large amount of money.
Besides his gambling, Packer always was looking for ways to boost his wealth. He died in December 2005. He was the richest and most powerful person in Australia at the time.
These are some of the reasons Kerry Packer is included successful entrepreneurs stories.