Packer died of heart failure at age 54 while on the
P&O ship,
Maloja. The ship was cruising on the
Mediterranean Sea at the time. Packer was pronounced dead at
Marseille, France and his son Frank inherited his publishing interests, expanding them into a formidable media empire, which was expanded still further by Frank's son
Kerry and grandson,
James. He was buried on 21 May 1934 in the Packer family mausoleum at
South Head Cemetery. He left an estate valued at £54,706 to his wife, son and daughter. His wife, Ethel Packer died in
Wellington, New Zealand on 1 April 1947, aged 72 years. According to
Gerald Stone, in
Compulsive Viewing, the Packer fortune is reputed to have been founded on a stroke of luck, when he found 10 shillings at a Tasmanian race track and put it on a winning horse at twelve to one. It was enough to pay his way to the mainland, to begin his newspaper career. ==References==