Tuesday, January 20, 2009

James Packer hocking his assets

You know it's bad when even the billionaires are hocking their favorite toys.

That's exactly what's happening to James Packer, who was once Australia's richest man. He's reportedly put his yacht, worth an estimated $50 million, on the market, according to The Independent.

And that's not all. He has also reportedly postponed the delivery of a private jet worth about $60 million, left a swimming pool complex worth about $3.7 million unfinished and put one of his apartments up for sale, The Independent reported. He has also sold part of the family's pastoral company for a reported $425 million.


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