http://www.tnp.sg/content/former-billionaire-faces-fickle-fortunes
For the last two years, former coal baron Nathan Tinkler (above) has pretty much lived a quiet and private life in Singapore, lost among the other millionaires and their lazy lunches at Dempsey Road.
But that is unlikely to continue.
Once Australia’s youngest billionaire at 35, with an estimated nett worth of about A$1.13 billion (S$1.3b), Mr Tinkler, who moved to Singapore in 2012 with his family, has seen his fortunes dwindle.
Now 38, his estimated nett wealth is under A$18 million, according to Australian business magazine Business Weekly Review.
Sports clubs he bought with gusto in 2011 are on the verge of being yanked away from him.
In Australia, his name has been regularly popping up in a corruption probe that has implicated politicians and their friends.
It is unclear if he will continue to remain in Singapore as his fortunes fluctuate.
Read the full report in The New Paper on Saturday (May 3).
For the last two years, former coal baron Nathan Tinkler (above) has pretty much lived a quiet and private life in Singapore, lost among the other millionaires and their lazy lunches at Dempsey Road.
But that is unlikely to continue.
Once Australia’s youngest billionaire at 35, with an estimated nett worth of about A$1.13 billion (S$1.3b), Mr Tinkler, who moved to Singapore in 2012 with his family, has seen his fortunes dwindle.
Now 38, his estimated nett wealth is under A$18 million, according to Australian business magazine Business Weekly Review.
Sports clubs he bought with gusto in 2011 are on the verge of being yanked away from him.
In Australia, his name has been regularly popping up in a corruption probe that has implicated politicians and their friends.
It is unclear if he will continue to remain in Singapore as his fortunes fluctuate.
Read the full report in The New Paper on Saturday (May 3).
