The great inheritor

摘要

Barely two weeks before the death of Kerry Packer, an Australian media mogul, James, his son and heir, appeared as a witness in a Sydney court case involving one of Australia's biggest corporate collapses. Packer the younger was explaining his role as a director of One.Tel, a telecoms company that failed spectacularly in 2001, losing Publishing and Broadcasting (PBL), the Packers' listed company, an investment of A$400m ($296m at today's prices). Reflecting on the Packer empire, James told the court: "It's not mine at the moment, but one day it will be mine."