PITY the lot of bankrupt billionaire Nathan Tinkler, living in paradise.
When the counting was completed in 2016 after he was officially declared bankrupt, Mr Tinklers debts came in at more than $540 million.
His wealth was harder to determine, but assets in his name at the end of last year did not realise more than $1 million.
Yet just six years earlier his wealth was estimated at $1.13 billion by BRW magazine, making him Australias youngest billionaire.
There was the private jet, helicopters, a fleet of luxury cars, thoroughbred horse studs, mansions and two sports teams – Newcastles Knights and Jets.
Mr Tinkler was an ultimate rags-to-riches tale, and exemp…
Read the full article at: http://www.theherald.com.au/story/5230073/bankrupt-nathan-tinkler-living-large-in-135-million-mansion/
