Australian billionaire James Packer (pictured) appeared to be in good spirits during a gathering with friends at his $50 million estate in Cabo, Mexico, on Wednesday

James Packer Partying With Friends At His $50 Million Cabo Estate

Billionaire James Packer parties with friends — and a bikini-clad blonde — at his $50 million Cabo estate after revealing he’s the ‘happiest’ he’s been in years

After a few rough years, troubled billionaire James Packer recently said he was the “happiest” he had been in years after losing weight and taking antidepressants.

And the 54-year-old businessman certainly seemed to be in a good mood as he had fun with friends at his $50 million estate in Cabo, Mexicoon Wednesday.

One of the guests at the party was a bikini-clad blonde, who could be seen relaxing by the pool and scrolling through her. iPhone

Australian billionaire James Packer (pictured) appeared to be in good spirits during a gathering with friends at his $50 million estate in Cabo, Mexico, on Wednesday

The young woman sat alone by the water, hiding her face behind sunglasses as she reclined on a sun lounger.

Some of Packer’s friends had brought their children, making it a fun afternoon for everyone.

At one point he joined several guests for lunch outside at a large round oak table.

Packer, 54, (right) was all smiles when surrounded by friends on the lavish estate

Packer, 54, (right) was all smiles when surrounded by friends on the lavish estate

The casino and publishing tycoon kept it casual in a navy T-shirt, dark sunglasses and shorts.

His girlfriend Kylie Lim was not seen with the group. The couple has not been photographed together in over a year.

Packer’s luxury property in Cabo is located on the southern tip of Mexico’s Baja California Peninsula.

He first bought the land in 2018, and construction took about three years to complete.

One of the guests at the party was a bikini-clad blonde who could be seen relaxing by the pool and scrolling through her iPhone.

One of the guests at the party was a bikini-clad blonde who could be seen relaxing by the pool and scrolling through her iPhone.

The young woman sat alone by the water and hid her face behind sunglasses as she reclined on a sun lounger

The young woman sat alone by the water and hid her face behind sunglasses as she reclined on a sun lounger

The property occupies one of the largest beachfront blocks in Cabo San Lucas.

He reportedly paid $10 million for the site, which offers direct beach access and uninterrupted views of the Sea of ​​Cortez.

Packer recently said he was the “happiest” he’s been in years, having lost 25kg in 75 days and ditching the seven mood-altering drugs he was taking to help with his mental health.

The former Crown Resorts chairman will return to Sydney in March with his ex-wife Erica and their three children, Indigo, 13, Jackson, 12, and Emmanuelle, nine.

Some of Packer's friends had brought their kids, making it a fun afternoon for all

Some of Packer’s friends had brought their kids, making it a fun afternoon for all

At one point he joined several guests for lunch outside on a large round oak table

At one point he joined several guests for lunch outside on a large round oak table

“I weigh about 130kg now and want to weigh 100kg again by the end of 2022. I want to swim with my kids in Bondi next year when we are all together in Sydney and weigh 100kg,” he told The Weekend Australian from his home in Mexico .

The businessman said he had stopped taking the antidepressants and antipsychotics he had been given in March and now wanted to “rehabilitate” his reputation in Australia.

“I’m really looking forward to seeing Crown Sydney…it wasn’t appropriate for me to be in Australia for the past few years,” he said.

Packer's luxury home is located on the southern tip of Mexico's Baja California Peninsula

Packer’s luxury home is located on the southern tip of Mexico’s Baja California Peninsula

Packer sold Crown to private equity firm Blackstone for $8.9 billion in a deal that closed in June, pocketing $3.3 billion.

The sale marked the end of an important chapter in his life, which was at times embroiled in controversy amid investigations into the company and allegations of money laundering.

Despite the investigations, the billionaire has credited his Melbourne, Perth and Sydney casinos for changing the cities ‘for the better’.

The father of three said he was now excited to embark on his ‘third company’ and plans to return to public life in Australia.

Packer (pictured October 26, 2017, in Melbourne) recently said he was the 'happiest' he has been in years after losing weight and stopping antidepressants

Packer (pictured October 26, 2017, in Melbourne) recently said he was the ‘happiest’ he has been in years after losing weight and stopping antidepressants

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