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Once-Richest Aussie Dumps His Playthings

With fortune halved by downturn, James Packer selling $50M yacht, postpones pool

By Matt Cantor, Newser Staff

Posted Jan 19, 2009 4:16 PM CST

(Newser) – The recession is forcing one of Australia's richest men to cut back on the playboy life, the Sunday Telegraph reports. James Packer, son of media mogul Kerry Packer, is selling his $50 million yacht, halting the construction of a $3 million pool complex at his... Read full story »

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Once-Richest Aussie Dumps His Playthings

With fortune halved by downturn, James Packer selling $50M yacht, postpones pool

Australia • lifestyle • James Packer • private jet • superyachts • swimming pool • Kerry Packer • financial crisis

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Treasury tells bailed-out bank to ditch $50M plane

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... After taking $45B in federal bailout funds, fumes indignant Post

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Putting jets on block may be more about image than money

Liz Claiborne CEO Flies Coach to Cut Costs

And he may soon have company

Wall Street Execs Still Fly Private Jets

Costly travel rationalized as time saver

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