James Packer shows off his lean physique in Aspen Colorado

James Packer shows off his lean physique in Aspen, Colorado

Billionaire James Packer shows off his lean physique after losing 70 pounds while on vacation in Aspen, Colorado for dinner at a steak restaurant

James Packer is fighting fit and ready for a comeback in public life.

The Australian billionaire looked fit and healthy after his 70lb weight loss as he went out to dinner in Aspen, Colorado on Monday night.

The 55-year-old looked casually chic in a fitted navy jumper as he arrived at Catch Steak Aspen.

James Packer (pictured) is fighting fit and ready for a comeback in public life

James Packer (pictured) is fighting fit and ready for a comeback in public life

Underneath he wore a black t-shirt, dark pants and suede boots.

Accompanied by a friend, James, who is vacationing in the region with his family, appeared relaxed and happy.

He paused in the doorway of the trendy eatery to check his phone, staring down intently as he scrolled.

The Australian billionaire looked fit and healthy as he stepped out for dinner in Aspen, Colorado on Monday night

The Australian billionaire looked fit and healthy as he stepped out for dinner in Aspen, Colorado on Monday night

The 55-year-old looked casually chic in a fitted navy jumper as he arrived at Catch Steak Aspen

The 55-year-old looked casually chic in a fitted navy jumper as he arrived at Catch Steak Aspen

Underneath he wore a black t-shirt, dark pants and suede boots

Underneath he wore a black t-shirt, dark pants and suede boots

In the past year, James has lost 33 kg (72 lbs or 5.2 st) and has also come off the psychiatric medication that has altered his mood for so long.

Packer told The Weekend Australian in June he was ready to begin the “third act” of his life, including a planned return to his hometown of Sydney

“I am about 130kg now and aim to be back to 100kg by the end of 2022. I want to swim in Bondi with my kids when we’re all together in Sydney next year and weigh 100kg,” he said from home in Mexico.

Accompanied by a friend, James, who is vacationing in the region with his family, appeared relaxed and happy

Accompanied by a friend, James, who is vacationing in the region with his family, appeared relaxed and happy

In the past year, James has lost 33 kg (72 lbs or 5.2 st) and has also come off the psychiatric medication that has altered his mood for so long

In the past year, James has lost 33 kg (72 lbs or 5.2 st) and has also come off the psychiatric medication that has altered his mood for so long

Packer told The Weekend Australian in June he was ready to begin the

Packer told The Weekend Australian in June he was ready to begin the “third act” of his life, including a planned return to his hometown of Sydney

Packer revealed he had stopped taking the antidepressants and antipsychotics he was taking and was now trying to “rehabilitate” his reputation in Australia.

“I’m really looking forward to seeing Crown Sydney…it hasn’t been appropriate for me to be in Australia in recent years,” he said.

In a subsequent interview with The Sydney Morning Herald, Packer said he had lost a total of 33kg by quitting alcohol, following a strict diet and exercise regimen and limiting his daily calorie intake.

Packer revealed he had stopped taking the antidepressants and antipsychotics he was taking and was now trying to

Packer revealed he had stopped taking the antidepressants and antipsychotics he was taking and was now trying to “rehabilitate” his reputation in Australia.

He paused in the doorway of the trendy eatery to check his phone, staring down intently as he scrolled

He paused in the doorway of the trendy eatery to check his phone, staring down intently as he scrolled

He told the newspaper his life is “pretty good at the moment”, adding: “My mental health is the best it’s ever been.”

Packer sold Crown to private investment firm Blackstone for $8.9 billion in a deal completed in June, raking in $3.3 billion in the process.

The sale marked the end of a major chapter in his life, which was at times marked by controversy surrounding investigations into the company and allegations of money laundering.

Despite the investigation, the father-of-three credited his casinos in Melbourne, Perth and Sydney with changing cities “for the better”.

Packer said he's lost a total of 70 pounds by quitting alcohol, following a strict diet and exercise regimen, and limiting his daily calorie intake

Packer said he’s lost a total of 70 pounds by quitting alcohol, following a strict diet and exercise regimen, and limiting his daily calorie intake