Tough times as James Packer makes do with a $60 million payday

November 3, 2026 — 5:00am

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James Packer’s family company Consolidated Press Holdings may not offer the full picture of the billionaire’s wealth. But we weren’t entirely sure what to make of the sharp fall in cash recorded by the investment vehicle in the past financial year.

CPH is part of the global web of holding companies used by Packer to manage his shareholdings in mostly American companies. So imagine our surprise to find fresh documents filed with the corporate regulator showing the investment vehicle’s revenues slumped to $101.6 million from the bumper $5.9 billion recorded the previous year. CPH booked a further $267.5 million in fair value adjustments. The documents show CPH received $4.8 billion in dividends from controlled entities in 2025, but nothing in the 2026 financial year.

Sadly, our efforts to find out why went unanswered. But we can’t imagine Packer will be feeling all that bad about it. He is still in line for a payday to the tune of $60 million, in the form of a dividend set out in........

© The Sydney Morning Herald