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Bankrupt Nathan Tinkler living large in $13.5 million mansion – The Sydney Morning Herald

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.

Nathan Tinkler smashed the mid north coast record in 2008 when he purchased Noorinya for $11.5 million from Microsoft ...
Nathan Tinkler smashed the mid north coast record in 2008 when he purchased Noorinya for $11.5 million from Microsoft pioneer Jaybe Ammons. Photo: Supplied

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.

The sprawling $13.5 million oceanfront compound at Sapphire Beach, north of Coffs Harbour, where bankrupt billionaire ...
The sprawling $13.5 million ocean…

Read the full article at: http://www.smh.com.au/nsw/bankrupt-nathan-tinkler-living-large-in-13-5-million-mansion-20180219-p4z0ul.html

Category: BankruptcyBy Insolvency GuardianFebruary 19, 2018

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Bankrupt Nathan Tinkler living large in $13.5 million mansion – The Sydney Morning Herald

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.

Nathan Tinkler smashed the mid north coast record in 2008 when he purchased Noorinya for $11.5 million from Microsoft ...
Nathan Tinkler smashed the mid north coast record in 2008 when he purchased Noorinya for $11.5 million from Microsoft pioneer Jaybe Ammons. Photo: Supplied

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.

The sprawling $13.5 million oceanfront compound at Sapphire Beach, north of Coffs Harbour, where bankrupt billionaire ...
The sprawling $13.5 million ocean…

Read the full article at: http://www.smh.com.au/nsw/bankrupt-nathan-tinkler-living-large-in-135-million-mansion-20180219-p4z0ul.html

Category: BankruptcyBy Insolvency GuardianFebruary 19, 2018

Post navigation

PreviousPrevious post:St. George Bank launches new Rainbow Vertigo credit cards – CanstarNextNext post:Debt-laden Aircel to file for bankruptcy at NCLT – Economic Times

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Animal rights activist Tash Peterson declares bankruptcy in Instagram videos
May 12, 2025
NCLT allows bankruptcy proceedings against GVK Energy
May 11, 2025
Insolvency proceedings against GVK Energy begins
May 11, 2025
Nearly 1,000 Belgian businesses went bankrupt in April – The Brussels Times
May 11, 2025
New Zealand man who received $46 speeding ticket declared bankrupt after fine becomes almost $20,000 instead – Community
May 11, 2025
Incidents took place at hotel in Portals Nous
May 11, 2025
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