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Billionaire James Packer Vacate Position Due to Mental Health

James Packer, an Australian businessman and the former major shareholder of Crown Resorts Ltd quits his position in 22 Australian companies after having trouble with his mental health.

The 50 years old businessman has decided to focus on his mental health and receive treatment for it after experiencing continues predicament in his life. Currently, James Packer is staying in the United States to seek guidance for his anxiety and depression.

After his withdrawal to the board of Consolidated Press Holdings (CPH) on June 27, he was said to have also quit his directorial position in 19 different companies and was again followed by another two until he was free from the business world.

Packer’s net worth was recorded to have reached about $4.1 Billion after the past events have occurred. His withdrawal was considered as a big loss as he showed the industry what he is capable of. Their family, the Packer, has been in the business scene since the beginning that is why his retreat has attracted the attention of the press and other business tycoons.

Him quitting the business will help him rest from all the problems he has encountered and hopefully one day he will be ready to come back and become better.

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