Australia?s richest man, with an estimated wealth of $7 billion, Mr Kerry Packer passed away on Boxing Day at his Sydney home
Australia?s richest man, with an estimated wealth of $7 billion, Mr Kerry Packer passed away on Boxing Day at his Sydney home

Kerry's Tweed legacy

By PETER CATON

KERRY Packer had left a local ''legacy he can be proud of'' in Koala Beach at Pottsville, senior Tweed identities said yesterday.

Australia's richest man, with an estimated wealth of $7 billion, Mr Packer passed away on Boxing Day at his Sydney home surrounded by family. He was 68.

A giant of the Australian media and business world, Mr Packer controlled an empire that ranged from magazines and television networks to petrochemicals, heavy engineering, ski resorts, rural properties, diamond exploration, coalmines, supermarket coupons and casinos.

Yesterday, Tweed Shire Council administrator Max Boyd said he was sure Mr Packer would have been particularly proud of the environmentally-sensitive Koala Beach estate established about seven years ago.

Pottsville Chamber of Commerce president and local Professionals real estate agent Jeff Smith also paid tribute to Mr Packer's involvement in the project.

Located just north of Pottsville on the Tweed Coast, Koala Beach promotes living among a natural habitat with domestic pets such as dogs and cats banned.

Mr Packer was an early silent partner in the project with the late Gold Coast-based developer Brian Ray who died in early July in a plane crash in the Victorian Alps. Mr Ray later bought out Mr Packer's interest.

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