James and Erica Packer's shock divorce

James and Erica Packer enjoy a kiss at the 2012 Melbourne Cup. Source: News Limited

BILLIONAIRE James Packer and his wife Erica have divorced after six years of marriage.

The couple, who have three young children, released a statement today, announcing the shock split.

"It is with great sadness that Erica and James Packer announce their separation,'' the statement said.

"We remain deeply close friends and incredibly proud parents and our children are our priority going forward."

James and Erica Packer have announced their divorce. Source: News Limited

The couple married on the romantic French Rivera in June 2007 in a glittering $6 million affair before Hollywood celebrities, sports stars and business moguls.

They have three children, Indigo, 5, Jackson, 3, and Emmanuelle, who turns one later this month.

James and Erica Packer in the gardens of the Hotel Du Cap Eden Rock, in the French Riviera, on their wedding day. Source: News Limited

"It's incredibly sad but these things do happen unfortunately,'' one friend said.

The divorce comes only two months after Mr Packer, Australia's third richest person with an estimated personal fortune of $6 billion, achieved his crowning glory as a businessman, winning a government licence to build a $1.5 billion casino-hotel resort at Sydney's Barangaroo.

Erica Packer takes her three children Indigo, Jackson and Emmanuelle trick or treating on halloween last year. Picture: MEDIA MODE Source: Supplied

Mr Packer, 45, began dating the Gunnedah-born beauty in 2003 and encouraged her to chase her dream of recording pop albums.

After weathering together the death of Mr Packer's larger-than-life father, Kerry Packer, on Boxing Day 2005, the couple married in 2007.

The recently moved into a new $50 million mansion in Sydney's Vaucluse.

James Packer's Vaucluse home. Source: News Limited

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