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Half the man he used to be! James Packer shows off MUCH slimmer figure as he strips down to his board shorts in St Barts

By Jennifer Smith For Daily Mail Australia

Published: 17:40 EST, 10 January 2016 | Updated: 02:13 EST, 11 January 2016

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He's been showing off a drastically slimmed down figure in recent weeks.

And as billionaire James Packer soaked up the sun in St Barts on Sunday, the results of his weight loss efforts were clear to see.

Showing off his new physique in a pair of blue board shorts, the 48-year-old looked half the size he was in 2011 when he snapped in his Speedos in Italy.

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Transformation: James Packer showed off a drastically slimmer figure in St Barts on Sunday (left) than in 2011 when he was snapped in his Speedos (right)

Not packing much weight: The casino billionaire looked decidedly slimmer displaying a taut torso

Slipping into a tight UV swim shirt, the mogul won an admiring glance from girlfriend Mariah Carey as he displayed his taut torso and muscular arms.

Packer, who has been enjoying an extended holiday with Mariah and her four-year-old twins, previously admitted to undergoing lap band surgery to achieve his goal weight.

He lost 35 kilograms after having the procedure in 2011 and further honed his figure by committing to 90 minutes of daily exercise.

Half the man: He has kept up his exercise and health regime having previously grappled with his weight

Slimmed down: The 48-year-old showed off a more muscular back and shoulders after slipping into a swim shirt

By the following year the businessman was the proud owner of a defined six pack.

Speaking of the operation, he told news.com.au at the time: 'I used to eat a big portion, and the message used to go from my stomach to my brain: I'm hungry"".

'Now, my stomach sends messages to my brain saying the whole time: "I'm full". How good's that?'

He committed to 90 minutes of daily exercise in a bid to keep off the weight and was seen regularly working out with trainers in Sydney and abroad.

Trim: In 2003 the mogul was seen walking around Bondi in a pair of Speedos showing off a slim frame

Wedding eve: In 2007 (above) Packer showed off his physique on the eve of his wedding to second wife Erica in the South of France

Peak: Packer in 2011 (above) and decided to undergo lap band surgery

FLAB TO FAB AND BACK AGAIN: PACKER'S WEIGHT STRUGGLE

2000: Packer is lean and tall as he joins his father at business engagements

2003: Shows off trim frame in a pair of Speedos as he strolls around Bondi

2007: Two years after his father Kerry's death, the businessman sports a fuller figure as he is seen ahead of his second wedding

2011: Packer undergoes lap band surgery after piling on more weight

2012: After committing to 90 minutes of exercise a day Packer has achieved a six pack

2014: Some weight has crept back on

2015: A lean-looking Packer steps out with new girlfriend Mariah Carey

In 2014 however Packer was seen sporting a familiar roundness while holidaying in Capri with former wife Erica.

By June the following year, when he was ready to make his public debut as a couple with songstress Mariah, the casino king had slimmed down again.

Returning to Italy, the father-of-two beamed proudly as the pair walked hand-in-hand through its cobbled streets of Portofino.

His weight loss has since continued with fans applauding his efforts in December after he appeared in a Christmas photograph with Karl Stefanovic.

Barely able to recognise Packer and his trim frame, one Instagram user commented 'Is that James Packer? How skinny is he!.'

New look: After undergoing lap band surgery in 2011 the businessman committed to 90 minutes of daily exercise and in 2012 (above) was the proud owner of a six pack

Flash: In February last year Packer flashed his torso in New York while pulling on a sweatshirt

Effort: By June, when he stepped out for the first time with Mariah Carey, he appeared to have shed some weight

Applause: Fans commended the businessman for his efforts in December when he appeared in this Instagram snap with Karl Stefanovic (right)

Keeping it up: He has since kept off the weight and appears to have lost even more. Above, the mogul steps out in a sharp black suit on New Year's Eve 2015