Sydney billionaire fight pair fined

Police have fined one of Australia’s richest businessmen and a top television executive AUS$500 each for a high-profile street fight in an exclusive Sydney beachside suburb.

Media across Australia have published photographs and video of casino mogul James Packer and his longtime friend David Gyngell, chief executive of Nine Entertainment, punching and grappling with each other outside Mr Packer’s luxury apartment at Bondi Beach on Sunday.