Billionaire heiress Francesca Packer debuts her new romance with multi-millionaire Robert Bates - as couple share a kiss on a luxury yacht during cruise around Sydney Harbour

Francesca Packer appears to have a new boyfriend. 

The billionaire heiress all but confirmed her romance with 40-something AFR Young Rich Lister Robert Bates on Saturday as the pair kissed and cuddled during a cruise around Sydney Harbour.

Francesca and Robert were spotted cosying up on the back deck of the luxury yacht while sipping Champagne and enjoying time with friends.

Billionaire heiress Francesca Packer debuted her new romance with multi-millionaire Robert Bates during cruise around Sydney Harbour

Billionaire heiress Francesca Packer debuted her new romance with multi-millionaire Robert Bates during cruise around Sydney Harbour 

The billionaire heiress all but confirmed her new romance with 40-something AFR Young Rich Lister as the pair kissed and cuddled onboard the boat

The billionaire heiress all but confirmed her new romance with 40-something AFR Young Rich Lister as the pair kissed and cuddled onboard the boat 

The niece of casino mogul James Packer snuggled into a shirtless Robert as he planted a kiss on her lips. 

The pair also embraced as they made their way to a bar on the vessel.  

Both Francesca and Robert appeared happy and relaxed during the five-hour boat ride. 

Francesca was dressed in a long-sleeved blue and white floral print top, which featured a cut-out at the bust, and polka dot skirt.

Robert meanwhile opted to go shirtless, wearing only a pair of navy blue swimmers. 

The niece of casino mogul James Packer snuggled into a shirtless Robert as he planted a kiss on her lips

The niece of casino mogul James Packer snuggled into a shirtless Robert as he planted a kiss on her lips 

Francesca beamed as she gazed adoringly into her new beau's eyes

Francesca beamed as she gazed adoringly into her new beau's eyes  

Both Francesca and Robert appeared happy and relaxed during the five-hour boat ride

Both Francesca and Robert appeared happy and relaxed during the five-hour boat ride 

Francesca completed her look wearing a pair of oversized black designer sunglasses.

The following day, Francesca and Robert were spotted heading to Mimi's Coogee for a meal with friends. 

Robert showed Francesca his chivalrous side, opening the door of her limousine  before escorting her into the trendy restaurant. 

They were also seen holding hands and at one point he wrapped his arm around her waist.  

Francesca was dressed in a long-sleeved blue and white floral print top, which featured a cut-out at the bust, and polka dot skirt

Francesca was dressed in a long-sleeved blue and white floral print top, which featured a cut-out at the bust, and polka dot skirt 

Robert meanwhile opted to go shirtless, wearing only a pair of navy blue swimmers

Robert meanwhile opted to go shirtless, wearing only a pair of navy blue swimmers 

She completed her look wearing a pair of oversized black designer sunglasses

She completed her look wearing a pair of oversized black designer sunglasses

The sighting comes just days Robert was spotted arriving with Francesca at her lavish 28th birthday celebrations in Potts Point last month. 

Richard is a wellness guru and made headlines in July over the financial difficulties of his Aquamamma business with his former partner, Emma Gibson.

He was embroiled in a pay and superannuation dispute with former staff.

'We are working hard to resolve operational issues with our banking partners caused by factors out of our control,' Robert told the Sydney Morning Herald at the time.

'Our company has entered into a "super guarantee" for staff entitlements and has a payment plan with the ATO.'

The following day, Francesca and Robert were spotted heading to Mimi's Coogee for a meal with friends

The following day, Francesca and Robert were spotted heading to Mimi's Coogee for a meal with friends 

Robert showed Francesca his chivalrous side, opening the door of her limousine before escorting her into the trendy restaurant

Robert showed Francesca his chivalrous side, opening the door of her limousine before escorting her into the trendy restaurant 

Francesca looked chic in a black and white polka dot dress, which she teamed up with her signature black glasses

Francesca looked chic in a black and white polka dot dress, which she teamed up with her signature black glasses

The couple split in March this year months before their business demise became public knowledge. 

Francesca was last romantically linked to personal trainer Adam Cooper.

The couple went their separate ways in March, just days after Francesca made the uncharacteristic decision to delete all of her social media accounts.

'It was great for a while, but they had very different lifestyles. In the end, it just didn't work out,' the source said. 

Francesca hadn't featured on Adam's Instagram profile since he shared a selfie of the pair enjoying a romantic getaway on April 19. 

The couple were spotted holding hands as they made their way in and out of the restaurant

The couple were spotted holding hands as they made their way in and out of the restaurant

At one stage Robert had his arms around her waist

At one stage Robert had his arms around her waist

Francesca is the granddaughter of the late Kerry Packer and daughter of Gretel Packer and her ex-husband Nick Barham.

She lives in a $16million penthouse in Darlinghurst and is often spotted toting the latest designer handbags and accessories around Sydney.

While her personal net worth is unknown, it was once reported her mother received more than $1billion from her late father's estate when she severed financial ties with her brother James.

Francesca is the granddaughter of the late Kerry Packer and daughter of Gretel Packer and her ex-husband Nick Barham

Francesca is the granddaughter of the late Kerry Packer and daughter of Gretel Packer and her ex-husband Nick Barham

She lives in a $16million penthouse in Darlinghurst and is often spotted toting the latest designer handbags and accessories around Sydney

She lives in a $16million penthouse in Darlinghurst and is often spotted toting the latest designer handbags and accessories around Sydney

The sighting comes just days Robert was spotted arriving with Francesca at her lavish 28th birthday celebrations in Potts Point last month

The sighting comes just days Robert was spotted arriving with Francesca at her lavish 28th birthday celebrations in Potts Point last month

In 2016, Francesca played down being an heiress in an interview with Harper's Bazaar.

'It's just not relevant anymore. Everyone on the planet inherits something, so everyone on the planet is an heir or heiress in some way,' she said.

'Do I feel like the family empire is being placed on my shoulders, all wrapped up in a nice little bow? No. I don't think about it at all.

'It's not a term that is part of my vocabulary whatsoever.' 

Francesca is pictured with her ex Adam Cooper. They split late last year

Francesca is pictured with her ex Adam Cooper. They split late last year