Australia’s Packer dynasty has known great riches for several generations. Kerry Packer turned an inheritance of $100 million into $7 billion. He said his family had a good deal of luck. Packer’s grandfather found a 10 shilling note at a Tasmanian racecourse, placed it on a bet which paid 12 to one. With the proceeds, he went to Sydney where, as the saying goes, the rest is history. Kerry’s father, newspaper magnate Sir Frank, was a notoriously tough businessman. What was an unusual aspect of his son, young Kerry’s childhood?
Answer: At the age of five, no less, Kerry Packer was sent off to boarding school. The school, Sydney’s Cranbrook, was just 400 metres from the Packer’s enormous family compound.
Source: The Rise and Rise of Kerry Packer by Paul Barry
More at: History
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