James Packer says Mariah Carey was a 'mistake'

James Packer is clearly not the Hero Mariah Carey was after.

The Australian billionaire, 50, described his 18-month relationship with the superstar singer, 47, as a "mistake" he entered into during a "low point" in his "personal life".

In an interview with the Weekend Australian from Ellerstina, his polo ranch outside of Buenos Aires, Argentina, where he acknowledged he has been living as a recluse, he said the reason why they started dating "is complicated".

"She was kind, exciting and fun," Packer said of Carey, who he was introduced to by their mutual friend, producer Brett Ratner.

"Mariah is a woman of substance. She is very bright. But it was a mistake for her and a mistake for me."

Packer proposed to Carey with a $10 million engagement ring in January 2016. When they broke up in October 2016, it is believed Carey got a $50 million pay out. She also kept the ring.

But there is no love lost when it comes to Carey either, recently referring to Packer as a "motherf---er" when asked about his whereabouts during an interview in June in Israel, where the casino mogul was sought for information about his relationship with Israel's Prime Minister, Benjamin Netanyahu.

During the revealing, wide-ranging sit-down Packer also spoke about his second wife, Erica Packer (nee Baxter), the mother of his three children, whom he split from in September 2013 after six years together.

"It is my biggest regret that I let my marriage to Erica fail. It is what it is and she is doing an incredible job with the kids and we are in a great place," he said.

Erica and the children now live in Los Angeles. He added: "LA is a really terrific place for them to be. There is a lot of positive energy, a lot of positive affirmation there. And there is not the Packer ??fishbowl that there would have been in Sydney. They have anonymity there that they don't have in Sydney. That is really healthy for them."

He also discussed having more than $5 billion of debt in his two biggest companies - at Crown and Consolidated Press Holdings.

"I was terrified," he said.

This story James Packer says Mariah Carey was a 'mistake' first appeared on The Sydney Morning Herald.