Australia's richest man dies - 26 December, 2005

Australia's richest man, media and gambling mogul Kerry Packer, has died, his family said in a statement Tuesday. He was 68.

Packer, listed by Forbes magazine this year as the 94th &to=' target=_blank>richest man in the world with a US$5 billion (Ђ4.2 billion) fortune, died at his at Sydney home Monday, according to the statement released through his Nine Network television.

"Mrs. Kerry Packer and her children James and Gretel sadly report the passing last evening of her husband and their father Kerry," a statement written by Nine executive Tony Ritchie said.

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