Australian Billionaire James Packer Sells Colorado Ski Estate for $42.68 Million
Translated & summarized from Ice by baba
Australian billionaire James Packer, known for his ties to Israeli Prime Minister Benjamin Netanyahu, sold his Colorado ski estate for $42.68 million. The property, purchased in 2013 for $15.6 million, was sold as Packer's family is now based in the UK. Packer also owns properties in Los Angeles and Beverly Hills and is known in Israel due to his proximity to Netanyahu and his involvement in the "gifts affair." Recently, he was also a key investor in a deal acquiring a stake in OnlyFans.
The story in 5 lines · by baba
- James Packer sold his Colorado ski estate for $42.68 million, significantly more than his $15.6 million purchase price.
- Packer's sale comes as his ex-wife and children reside in the UK, prompting a shift in his family's life center.
- The billionaire is known in Israel for his close ties to Prime Minister Benjamin Netanyahu and his role in "Case 1000."
- Packer recently invested in a deal acquiring a stake in the adult content platform OnlyFans.
- He previously acquired a Bel Air property for $110 million and sold Crown Resorts for $6.3 billion.
Australian billionaire James Packer, known in Israel for his close ties to Prime Minister Benjamin Netanyahu, has sold his luxury ski estate in Aspen, Colorado, for $42.68 million. The property was initially listed for $48.9 million about five months ago. Packer originally purchased the estate in 2013 with his then-wife Erika Packer for $15.6 million.
Packer's decision to sell was reportedly driven by a shift in his family's center of life, with Erika and their three children now residing in the United Kingdom. The buyers are technology entrepreneur Alex Davies and his wife Lindsay. Alex Davies is the grandson of the late American billionaire Marvin Davis, who amassed wealth in the oil industry and later owned significant entertainment assets, including 20th Century Fox studios.
The sprawling Aspen estate covers approximately 1,400 square meters of built area on 8.1 dunams of land. It features seven bedrooms, a jacuzzi, a gym, a sauna, a home cinema, and a heated saltwater pool with a waterslide. This sale does not signal an exit from the luxury real estate market for Packer, who acquired a large property in Bel Air, Los Angeles, for about $110 million last year and also owns a Beverly Hills home purchased in 2018 for $60 million.
In Israel, Packer is recognized for his proximity to Prime Minister Netanyahu and his family. He owns a home in Caesarea near the Netanyahu family residence. His relationship with the Netanyahu family was a focal point in the "gifts affair," also known as Case 1000, concerning alleged benefits and gifts received by the Netanyahu family from businessmen. Hadas Klein, former personal assistant to businessman Arnon Milchan, testified that the Netanyahu family used Packer's Caesarea home and pool. Packer himself testified in 2017 as part of the investigation into this case.
Packer's name has also been linked to investments in the adult content platform OnlyFans. In May 2026, he was reported to be part of an investor group acquiring a stake in OnlyFans through the American investment fund Architect Capital, which purchased about 15% of the company's shares at a valuation of approximately $3.1 billion. Packer, whose net worth was estimated at $3.6 billion, was a key investor in this deal. The company's control remains with the family trust of its founder and former owner, Leonid Radzivinsky, through his widow Katie Chodnowsky.
Packer, born in Sydney in 1967, is the son of Australian media mogul Kerry Packer and grandson of Frank Packer, who co-founded the family's media empire. His business career spans media, hospitality, gambling, and entertainment. A significant transaction in his career was the 2022 sale of his casino company Crown Resorts to the Blackstone Group for about $6.3 billion.