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Thread: Australian coal billionaire in free fall ...

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    Australian coal billionaire in free fall ...

    Nathan Tinkler, the Australian billionaire, who thought coal was the future and gambled everything ...

    Seems like coal may not be the way to go! Eh, heh!

    Rags-to-riches billionaire's debt woes mount - CNN.com

  2. #2
    Roadster #1144 + Sig 114 dsm363's Avatar
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    Quote Originally Posted by sp4rk View Post
    Nathan Tinkler, the Australian billionaire, who thought coal was the future and gambled everything ...

    Seems like coal may not be the way to go! Eh, heh!

    Rags-to-riches billionaire's debt woes mount - CNN.com
    Saw that as well. He'd still be a billionaire if he hadn't lived the lifestyle he did and bought everything under the sun. Can't feel too bad for him.
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    mod squad TEG's Avatar
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    ...And he has avoided the reported repossession of his personal jet worth A$40 million. GE Capital is said to have issued Tinkler an instruction to leave the French made Dassault Falcon 900, replete with Italian leather seats, a conference room and bar, at a regional Sydney airport. Instead, he flew it to Singapore where he and his family now live in two adjacent homes, reportedly with a Maserati and Porsche in the driveway...
    Hmm, another Dassault Falcon 900...
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  4. #4
    Quote Originally Posted by dsm363 View Post
    Saw that as well. He'd still be a billionaire if he hadn't lived the lifestyle he did and bought everything under the sun. Can't feel too bad for him.
    Some people just can't handle having money.
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    Model S P26 (Aus) meloccom's Avatar
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    He made the usual mistake of spending as though his recent income would continue long term or forever.
    Then the price of Coal dropped.
    Probably should have tried to buy public opinion like Gina Reinhart.
    Gina Rinehart delivers Fairfax its first strike
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