James Packer to pay $100 million to divorce Erica James and Erica Packer enjoy a kiss at the Melbourne Cup last year. NEWLY-divorced mother-of-three Erica Packer has made a tidy sum out of her six-year marriage to James Packer after the billionaire casino owner agreed to pay his estranged wife a $100 million divorce settlement. Sources this week revealed the billionaire had been more generous than many - "even Eri" - expected by agreeing to the incredible nine figure sum. James and Erica Packer at the cricket in 2006. "It wouldn't be correct to say she is over the moon about the settlement because clearly there is a great deal of sadness attached to this money, but she is happy and feels the amount does allow her to move on and make a good life for herself and the kids," a friend said this week. It also gives her an incentive to remain on very good terms with her ex. The source said Erica, who is keeping the Packer name "for now," is considering buying property in the US with some of the money and has been offered access to financial advisers to help her invest the rest. ames and Erica Packer on their honeymoon in Cap d'Antibes on the French Riviera in 2007. This means Packer is expected to keep the $50 million compound he built for himself at Vaucluse and his bachelor pad at Bondi Beach. James and Erica Packer. The sum is said to be as much as 10 times more than the settlement given to Packer's first wife, Jodhi Meares, whom he divorced in 2002. Meares was believed to have accepted a $10 million - $15 million settlement from Packer, who was yet to inherit his father's fortune when the couple's relationship expired. James and Erica Packer on Sydney Harbour celebrating New Year's Eve 2012. Meares also managed to turn her hand to business during the couple's relationship - she established the Tigerlily swimwear brand - and now some are asking if Erica also has plans to launch herself into the business world with a fashion brand. "It is likely to be a while before she takes serious steps towards a new career," the source said.