Inside James Packer’s huge property empire

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James Packer’s extensive property portfolio is set to inherit a new queen after the Aussie billionaire confirmed his engagement to ex-flame Kylie Lim.

Packer, 58, has yet to set a date for the wedding but confirmed the 46-year-old New York socialite had accepted his proposal.

Inside James Packer’s $400m property portfolio. Picture: Supplied

”We are very happy to be engaged and looking forward to the future,” Packer told news.com.au.

The news follows Lim being sighted in Aspen – where Packer also has a home – wearing a large engagement ring.

Lim and Packer first met in 2017 through mutual friends after Packer’s break-up with global songstress Mariah Carey.

James and Kylie Lim during a 2020 visit to Australia. Picture: Picture Rohan Kelly

Lim and Packer dated for a few years before going their separate ways but obviously rekindled the romance in recent times.

Packer’s close friends will hope his fifth proposal goes a little better than the one with Carey, which ended amid speculation the pair had been repeatedly clashing over money.

It seems like the “We Belong Together” singer’s lifestyle required a little more than the holiday royalties from “All I Want For Christmas Is You.”

Carey reportedly has a taste for the finer things, blowing a shocking $1.4 million a month on designer clothes, gifts and extravagant expenses.

James Packer and Mariah Carey reportedly ended their relationship over money. Picture: Instagram

Insiders said the 55-year-old’s split from Packer back in 2016 wasn’t just because of their personal differences, but had a lot to do with her obsession with “money, money, money.”

Sources said the diva spent $66,000 on spa treatments for her dogs, $148,000 a month on exotic flowers, and $14,000 per session for hair and makeup.

Carey even kept Packer’s engagement ring after the break-up, later selling it for several million dollars.

While money is the least of Packer’s concerns following his engagement to Lim, the socialite stands to gain access to an impressive portfolio spanning the globe.

Bel-Air

The Aussie billionaire forked out a whopping $US110m ($A174m) on a mega-mansion in Bel-Air, California, in 2025 around the same time he split with American model Renee Blythewood after a year of dating.

The sprawling property features 10 bedrooms, 15 bathrooms, 14 fireplaces, two pools, a traditional Turkish bath, parking for 20 and Moroccan mosaic tiling.

The three-storey home also boasts a wine cellar with its own dining room and a Baroque-style cinema with a mural on the ceiling.

Renee Blythewood with James Packer at the Cannes Film Festivalvbefore their split. Picture: Instagram

The Aussie billionaire forked out a whopping $US110m on a mega-mansion in Bel-Air, California. Picture: Supplied

The three-storey home also boasts a Baroque-style cinema. Picture: Supplied

The latest purchase is a small part of the businessman’s impressive property portfolio, with houses in America, Australia, Mexico, Argentina and Israel.

Beverly Hills

Packer snapped up a Beverly Hills mansion in 2018 for a cool $US60m ($A93.34m).

Previously owned by Hollywood star Danny DeVito, the home features multiple buildings, including a three-storey accessory dwelling and a separate maids quarter and guesthouse.

The seven-bedroom property includes a home theatre with a bar, a game room, wine cellar, resort-style pool and cigar lounge.

The primary suite has a fireplace, sitting room, dual bathrooms, and access to a terrace.

In 2023, the famed casino tycoon listed the sprawling estate with a hefty $US85m ($A132 million) price tag.

Last year, Packer took the property off the market after failing to find a buyer.

Packer snapped up a Beverly Hills mansion in 2018 for a cool $US60 million. Picture: Joe Bryant

The seven-bedroom property includes a wine cellar. Picture: Supplied

Barangaroo

In 2017, the former media mogul splurged an astonishing $60m on a two-level pad in the Sydney Crown Resorts.

At the time, the sale smashed the Sydney apartment record of $26m, set in 2016 with the sale of Sydney’s Opera Residences penthouse.

Now said to be worth $100m, the luxury ‘Sky Home’ boasts stunning views of the Sydney Opera House and Harbour Bridge.

Packer renovated the apartment, installing an elevator and removing stairs, with other features including Scandinavian bleached birch wood, ripple textured bronze glass and silver-veined stone slabs from Greece.

When he purchased the home, Packer planned that his ex-wife Erica would decorate.

The couple previously shared a home in Sydney’s east, La Mer, which they sold for $70m in 2015.

The former media mogul splurged $60m on a two-level pad in the Sydney Crown Resorts.

The view looking down.

Argentina

The former Crown chairman inherited the residential part of the La Ellerstina Polo Club in Buenos Aires from his father, Kerry Packer, who founded the property with polo legend Gonzalo Pieres Snr.

Named after the Packer family’s Australian polo property in Ellerston NSW, the estate has eight polo fields, seven stables housing 268 boxes, two exercise tracks, one schooling arena, a tennis court and an 18-hole golf course.

It breeds and sells horses from embryo to stud, runs an annual horse auction, hosts its own Gold Cup Tournament, and rears the next generation of polo champions at Polo Week school.

The La Ellerstina Polo Club is co-owned by James Packer.

The estate has eight polo fields.

Aspen

In 2013, Packer and his then-wife Erica splashed a reported $20m on a luxurious estate in Aspen, Colorado.

The seven-bedroom compound features a movie theatre, a games room with a Billiard, library, bar, steam room and man-made lake with a waterfall.

Other amenities include a state-of-the-art kitchen with an island breakfast bench, a medieval-style dining room and a living room looking out to scenic hills.

Inside James Packer’s Aspen compound. Image Instagram

Israel

The rich-lister bought a house in Israel in 2015 on the back of his friendship with one of Hollywood’s high-profile independent film producers Arnon Milchan.

Packer told The Daily Telegraph that he had bought a house in Tel Aviv, Caesarea next door to Israeli Prime Minister Benjamin Netanyahu.

But the home’s purchase price and other details are not known.

Cabo San Lucas

Packer put the finishing touches on his sprawling $50m Mexican compound in 2021 after three years of construction.

The massive single-storey estate occupies one of the largest beachfront blocks in Cabo San Lucas, located on Mexico’s Baja California peninsula.

The billionaire started construction on the palatial home after he purchased the site in 2018.

The mansion is tucked behind a towering wall facing the street. Seven separate buildings make up the residence and features a large open air courtyard, an infinity pool and manicured lawns.

Barbuda

Meanwhile, Packer and Hollywood legend Robert De Niro are nearing the finish line on a “barefoot luxury” playground.

The former casino tycoon and Oscar-winner are finalising the Nobu Beach Inn on the Caribbean island of Barbuda.

Luxury villas at the resort are set to cost an eye-watering $US12 million ($A18.4 million).

The $US500million ($A733 million) development is a joint venture between the 58-year-old Aussie businessman, The Godfather Part II actor, and Daniel Shamoon, the co-owner of Luxury Hotel Partner.

Set across 162 hectares, the resort will feature 17 luxury villas and 25 beachfront bungalows.

The bungalows are being pitched as “turnkey” residences where owners can access a 45m stretch of private beach and the resort’s elite rental program.

Amenities at the Nobu Beach Inn include an oceanfront pool, indoor and outdoor spa, kids’ club, outdoor cinema, two tennis courts, two padel courts, and gym pavilion.

Other restaurants will complement Nobu, including an oceanfront grill featuring local catch and an omakase sushi bar.

Packer and De Niro have been close friends and business partners since 2015, when the Australian tycoon bought a stake in the actor’s Nobu restaurant and hotel empire.

The pair have previously spoken of their mutual respect in the international property development.

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