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.
First it was mining billionaire Nathan Tinkler, who said he was pulling up stumps and moving to Singapore. Now it looks like another mining magnate Gina Rinehart is buying a pad there. So what's behind the rich list city-state rush?
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.
Gina Rinehart doesn't particularly fit the bill, nor does Gerry Harvey or Frank Lowy. James Packer has a bit of flair thanks to his love of rich toys, but is he really cool? Even our youngest billionaire, coal baron Nathan Tinkler, would struggle to fit snugly into the cool category.
It's flack against flack as PR legend John Connolly sues Libs polling king Mark Textor over an errant 140 characters.
Sport's battle of the billionaires just keeps on getting better. FFA boss Frank Lowy has today finally hit back at attacks by fellow rich listers Clive Palmer and Nathan Tinkler on how he runs soccer.
Nathan Tinkler is the newly minted chairman of Aston Resources after a dramatic board revamp which saw the resignations of both chief executive Todd Hannigan and chief financial officer Tom Todd.
A-League soccer clubs are the rock kicker hobby horse du jour at the moment. But for Perth mining entrepreneur Tony Sage, it's all about publicly showing off his team's colours.
He's got the fast cars, the beachfront homes, the horsetraining facilities and the local soccer side. Now, mining magnate and Newcastle boy Nathan Tinkler can add a shiny new football team to the collection.
Self-made billionaire Nathan Tinkler may be a whizz at picking coal deposits but he's not so smart when it comes to buying toys or running court cases, to judge by today's setback over the Supercar Club in the NSW Supreme Court.