James Packer’s Hollywood partner Steven Mnuchin joins Trump’s White House team

Steven Mnuchin, President-elect Donald Trump’s nominee for Treasury Secretary, talking with reporters in the lobby of Trump Tower on Wednesday. Photo: Evan VucciJames Packer’s career as a pop groupie might be over, but his political influence is growing with one of his Hollywood business partners, Steven Mnuchin, announced as Donald Trump’s pick for the job of US Treasury secretary.
Nanjing Night Net

Despite Trump’s anti-Wall Street rhetoric, Mnuchin would become the third Goldman Sachs alumnus to head the US Treasury since the 1990s – the same firm that produced our Prime Minister, Malcolm Turnbull.

Mnuchin and other cabinet appointees will face senate hearings in the weeks following the January 20 presidential inauguration.

It was not a surprise choice by Trump. Mnuchin was in charge of fundraising for Trump’s election campaign.

But it has not always been a smooth relationship either. In 2008, a Mnuchin company was among a group that Trump sued over a luxury hotel and condominium tower he was developing in Chicago. The case was settled out of court.

But Mnuchin’s most recent career has been as one of Packer’s business partners in Hollywood.

In 2013, Mnuchin merged his company Dune Entertainment with Packer’s RatPac Entertainment – a joint venture with film maker Brett Ratner.​

Ratpac-Dune announced plans to finance up to $US400 million worth of Warner films that year having already scored a big hit with Gravity which starred George Clooney and Sandra Bullock.

The connection now spreads Packer’s political influence across three continents. He has close ties to the family of Israeli Prime Minister, Benjamin Netanyahu.

Packer’s private company has not responded to reports from Israel about the extent of those ties – which apparently include the Israeli PM using Packer’s neighbouring home for meetings, Mariah Carey concert tickets and joint holidays.

There was also a report that Packer has been seeking permanent residency in Israel.

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