Media tycoon Kerry Packer dies

Australia’s richest man, the media and gambling mogul Kerry Packer, has died, his family said in a statement tonight.

Australia’s richest man, the media and gambling mogul Kerry Packer, has died, his family said in a statement tonight.

Packer, 68, listed by Forbes magazine this year as the 94th richest man in the world with a €4bn fortune, died at his Sydney home earlier today, according to the statement released through his Nine Network television.

“Mrs Kerry Packer and her children James and Gretel sadly report the passing last evening of her husband and their father Kerry,” a statement written by Nine executive Tony Ritchie said.

The statement did not mention the cause of death, but Packer had long been plagued by ill health, including a battle with cancer.

He had also undergone a kidney transplant.

"He died peacefully at home with his family at his bedside,'' the statement said.

“He will be lovingly remembered and missed enormously. Arrangements for a memorial service will be announced,” Ritchie added.

Packer’s media and gambling empire was Publishing & Broadcasting Ltd, which owns Nine, as well as Melbourne’s Crown Casino, and was developing casinos in Macau with Asian businessman Stanley Ho.

Packer was also responsible for the revolution in one-day cricket when he began World Series Cricket in 1977.

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