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James Packer is Selling His Monster Superyacht for $280 Million

Euro Summer may have only just finished up, but perennial rich-lister James Packer is cashing out indefinitely. The Crown Casino magnate has just listed his 108m superyacht IJE on the market with a price tag of just under AUD$300 million. With a fuel tank of around 344,400-litres, the Italian-built yacht has got the juice to go practically anywhere its lucky new owner cares to take it.

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The superyacht was purchased by Packer back in 2019 for a reported sum of USD$200 million. At the time, it was the largest yacht ever constructed by renowned shipbuilders Benedetti and boasts a Rolls Royce engine with a range of 6500 nautical miles and a “dynamic positioning system” which the builder claims is powerful enough to propel a rocket to Mars.

“With a timeless sculptural exterior from the board of sought-after designers Redman Whiteley Dixon and a relaxed beach house-style interior by Benetti, she was built as the ultimate world-cruising family yacht for a very experienced owner and delivered in 2019,” an advertisement on Burgess Superyacht Brokers reads.

In terms of creative comforts, the gigayacht has the ability to sleep 22 guests in 11 cabins and also features a bunch of unique features, including a main saloon with full-height sliding glass walls that open the space on three sides. There is also a vast lower deck gym with sea terrace and foredeck stowage for two 12m (40ft) tenders.  “The gym and tenders are among the largest on a yacht of this class,” Burgess Superyacht Brokers continued.

James packers superyacht ije

For Packer, unloading the IJE comes at an interesting time. With his embattled group still struggling with gambling licences following royal commissions into its operations in Victoria and Western Australia, the cogs are turning. As Crown Resorts’ largest shareholder with a stake of 37 per cent – worth $3.05 billion, Packer has made it no secret he’s keen to offload some assets. Considering the IJE costs a whopping USD$ 15 – 20 million per year in operating costs, this could certainly lighten the load. If you’ve got a spare AUD$300 million lying around, James Packer’s superyacht might be worth a look.

Check it out

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James Packer’s Superyacht IJE Technical Specs

Asking price EUR 175,000,000 (AUD$282,000,000)
Built 2019, Benetti, Italy
Length 108m (354.2ft)
Guests 22 in 11 cabins
Name IJE
Crew 29 in 15 cabins
Designer RWD
Interior Designer: RWD
Year 2019
Speed 19 knots
Engines MTU
Volume 3,600 ton
IMO 1013004
Annual Running Cost USD$ 15 – 20 million

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What is Going On with the Crown Casino in Sydney?
Andrew ‘Twiggy’ Forrest Picks Up New $98 Million Private Jet

About the author

About the author
DIGITAL EDITOR

Nick Hall

Nick Hall is the Digital Editor of Man of Many and an accomplished journalist. He completed a Bachelor of Creative Industries at the Queensland University of Technology, with a double major in Journalism and Music. Prior to working at Man of Many, Nick spent two years as a journalist with Inside Franchise Business, focusing on small business, finance and legal reporting. In 2021, Nick was named B&T's Best of the Best Journalist of the Year. With an extensive background in the media industry, Nick specialises in feature writing, fashion, lifestyle and entertainment content. A qualified barber and men's stylist, Nick also holds a Cert III in Barbering from the Queensland Hairdressing Academy.