BBC – Gambling tycoon James Packer and David Gyngell, who heads the Nine Entertainment Group, were seen fighting at Bondi Beach on Sunday. It is not clear what caused the brawl between the two, who are good friends.
The incident has dominated the Australian media, with photos reportedly sold for a six-figure sum.
“Eastern Suburbs Local Area Command has commenced an investigation into an incident that occurred about 14:00 Sunday… at Bondi Beach,” a police statement said.
“Police have not yet received an official complaint but have appealed to anyone who witnessed, or has vision or images of the incident.”
James Packer, son of media tycoon Kerry Packer, is one of Australia’s richest men, with an estimated wealth of around A$6bn ($5.6bn, £3.3bn) from his gaming empire.
David Gyngell, a top-level media executive, was best man at his wedding, as Mr Packer was at his.
Photographs showed the two men trading punches, wrestling and swapping headlocks. Video footage then showed them grappling on the ground, with three other men trying to separate them.
