James Packer and his ex-wife Erica make their way to his $200M luxury yacht in Cabo

Billionaire James Packer and his ex-wife Erica were joined by an army of close friends as they soaked up the sunshine in Cabo, Mexico, earlier this week.

The Australian casino mogul and his company were seen gathering into a speedboat to journey to his nearby $200million luxury yacht.

The 52-year-old, who has been keeping a watchful eye over the construction of his controversial $50million beachfront mansion in the resort town, cut a relaxed figure as he enjoyed some downtime with his nearest and dearest. 

Out and about: Billionaire James Packer and his ex-wife Erica were joined by an army of close friends as they soaked up the sunshine in Cabo, Mexico, earlier this week

James soaked up the sunshine in a navy top and printed shorts while completing the look with a pair of shades. 

His ex-wife Erica, 42, looked casually chic in an oversized white blouse as she enjoyed her company. 

The friendly exes – who split in 2013 following six years of marriage – and their gaggle of pals ventured onto a speedboat.   

It appeared that they were making their way to James’ $200million superyacht, which was finally completed in April last year after four years. 

Lavish lifestyle: The Australian casino mogul and his company were seen gathering into a speedboat to journey to his nearby $200million luxury yacht

Lavish lifestyle: The Australian casino mogul and his company were seen gathering into a speedboat to journey to his nearby $200million luxury yacht

Low-key: The 52-year-old cut a relaxed figure as he enjoyed some downtime with his nearest and dearest

Low-key: The 52-year-old cut a relaxed figure as he enjoyed some downtime with his nearest and dearest

James named the impressive boat IJE – the first initial of his three children’s names, Indigo, 11, Jackson, 10, and Emmanuelle, seven. 

The yacht was built by Benetti in Livorno, Italy, and measures 108 metres in length, according to a report by The Sydney Morning Herald in April last year.

Meanwhile, James’ $50million Cabo beachfront mega-mansion is still under construction

Summer style: James soaked up the sunshine in a navy top and printed shorts, while completing the look with a pair of shades

Summer style: James soaked up the sunshine in a navy top and printed shorts, while completing the look with a pair of shades

Looking good: His ex-wife Erica, 42, looked casually chic in an oversized white blouse as she enjoyed her company

Looking good: His ex-wife Erica, 42, looked casually chic in an oversized white blouse as she enjoyed her company

Setting sail: The friendly exes - who split in 2013 following six years of marriage - and their gaggle ventured onto a speedboat

Setting sail: The friendly exes – who split in 2013 following six years of marriage – and their gaggle ventured onto a speedboat

Opulent: It appeared that they were making their way to James' $200million superyacht, which was finally completed in April last year after four years

Opulent: It appeared that they were making their way to James’ $200million superyacht, which was finally completed in April last year after four years

James purchased three oceanfront blocks of land, each for about $9.7million, to make room for the large project.

Construction on the pad in the resort town popular with celebrities started in December 2018.

At the time, it was reported the compound had become a controversial topic with local Mexicans concerned they could lose access to the public beach.

Ongoing: James' $50million Cabo beachfront mega-mansion is still under construction

Ongoing: James’ $50million Cabo beachfront mega-mansion is still under construction

Splashing the cash: James purchased three oceanfront blocks of land, each for about $9.7million, to make room for the large project

Splashing the cash: James purchased three oceanfront blocks of land, each for about $9.7million, to make room for the large project

Palatial project: Construction on the pad in the resort town popular with celebrities started in December 2018

Palatial project: Construction on the pad in the resort town popular with celebrities started in December 2018

Some ex-pats have also been voicing concerns over the size of the project.

The home is located near the One & Only Palmilla resort and the area’s only public beach, where James’ good friend Karl Stefanovic got married.

The billionaire already spends about three months a year at the exclusive resort, after being introduced to the town by former fiancée, Mariah Carey, 50.

Disputed: In December 2018, it was reported that the compound had become a controversial topic with local Mexicans concerned they could lose access to the public beach

Disputed: In December 2018, it was reported that the compound had become a controversial topic with local Mexicans concerned they could lose access to the public beach

Read more at DailyMail.co.uk