THE PRICE OF FORTUNE
The untold story of being James Packer
“I was like Icarus,” billionaire James Packer tells his biographer, journalist Damon Kitney, of the heady days of 2016 when he broke up with pop star Mariah Carey, abandoned living in Hollywood and Israel, left the global casino stage, and divided the family fortune in a bitter separation from his sister.
“I flew too close to the sun.”
With these words, Packer delves for the first time into the story behind his stunning public revelation in mid-March 2018 of his battle with mental health issues, which forced him to resign from the board of the Crown casino company he owns and loves.
Never before has a member of the Packer family co-operated with a writer to tell their story. In his biography, The Price of Fortune, one of the nation’s richest and most psychoanalysed men opens up in an attempt to make sense of his rollercoaster life and to tell the human story of being James Douglas Packer. Of how his wealth, charm and intellect took him to such exciting places. Yet how sometimes his trusting the wrong people and his rash actions cost him his friends, his health and, most importantly, his reputation on the global stage – and how he is now working on getting it back.
Damon Kitney has spent more than two decades in financial journalism, including 16 years at the Australian Financial Review in a variety of writing and editing roles in Sydney, Melbourne, Canberra and Perth, including five years as a deputy editor of the newspaper. Since 2010 he has been the Victorian business editor at The Australian, specialising in writing the untold personal stories of the nation’s richest and most private people.
Damon Kitney is available for interview.
The Price of Fortune by Damon Kitney
Publication Date: 22 October 2018 – Hardcover, $45
For review copies, interviews and further information please contact:
Matthew Howard, [email protected] Phone: 0400 221 815