The king is dead, long live the king. Well, kings. Nathan Tinkler’s spectacular wealth wipeout has been crystallised by the release of the first Rich List since things started to really go pear-shaped for him about two months ago.
It’s almost possible to see what is going on at the heart of Nathan Tinkler’s empire, but the smoke signals coming out of there suggest he is in the grips of some sort of cashflow bind.
From fast horses to fast cars, Tinkler has fallen into some of the classic money pits that attract the rich. Most of these indulgences are fun, while the cash is flowing. But when the pressure ramps up, as it clearly is now, the laughs can quickly turn to something else. Here are 10 money traps that Tinkler and other Rich List members fall into.
Concerns about the state of the mining boom will be unwelcome for Rinehart and Tinkler, but they’ve got more pressing matters on their minds right now.
Nathan Tinkler’s $4 billion bid for listed miner, Whitehaven Coal, yesterday reveals lessons in the kind of leadership that delivers wealth and success.
There's a few things 36-year-old coal billionaire Nathan Tinkler will miss when he moves to Singapore: the surf at Newcastle, our wonderful beaches, and not being able to drive faster than 90km/h in his fleet of Ferraris, or his Bugatti Veyron.