its coup d'état ....you pronounce the same way....Ku De Ta
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Aussie coal tycoon moves to Singapore
- Thread starter Rogue Trader
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FAP Opened Legs to Oz Fxxxker
[h=2]Young Australian billionaire relocates to Singapore[/h]
June 11th, 2012 |
Author: Editorial
Australian youngest billionaire, Nathan Tinkler, 36, has moved his family and primary residence to Singapore.
Tinkler was an electrician in a coal mine before starting his own business. His big break came in 2006 when he borrowed $500,000 to buy a mine in Queensland state. He sold his company to Macarthur Coal for $465 million in cash and shares a year later.
He then reaped a profit of about $445 million selling his stake in Macarthur Coal to the world’s largest steelmaker, ArcelorMittal, and in August 2010 bought the Maules Creek mine from Rio Tinto Group for $480 million. That formed the basis of his listed vehicle, Aston Resources Ltd. It was then sold off to Whitehaven Coal Ltd last December for $2.6 billion in stock. He is currently the richest Australian under 40 years old.
Tinkler’s spokesman said his move to Singapore will bring him closer to his customers, financiers and investors in Asia. Said the spokesman, “He feels the need to be closer to them.”
Not too long ago, Eduardo Saverin, the co-founder of Facebook renounced his U.S. citizenship ahead of the company’s IPO last month with the same reason of wanting to stay close to Asian markets. The move will save Saverin at least $67 million in U.S. capital gains taxes, according to analysts.
Singapore doesn’t tax on capital gains from asset sales and its top income tax rate is only 20%. In contrast, capital gains are taxed as part of income in Australia and the top income tax rate there is 45%.
When Tinkler was contacted by a journalist for a story in 2010, he is reported to have responded, “You’re a f**king deadbeat, people like me don’t bother with f**king you. You climb out of your bed every morning for your pathetic hundred grand a year, good luck.”
His property portfolio includes a host of beachfront homes around Newcastle, Australia, including the mansion once owned by former rugby league star Andrew Johns, bought for $4.3 million. There are other huge homes and a fleet of luxury cars.
His first love is said to be horse racing. It was reported that he had spent close to $200 million for horse farms, training centres and horses of the bluest blood.
It was reported that in one of the disputes involving horse racing, one of the horse owners, a respected Melbourne businessman in his 60s, asked to speak to Tinkler in private. Tinkler refused, instead shouting at the businessman to ”f**k off”. When the man asked again, Tinkler hurled abuse before hurrying from the scene in public.
It remains to be seen how this young Australian billionaire is going to successfully integrate into Singapore’s society.
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[h=2]Young Australian billionaire relocates to Singapore[/h]
Australian youngest billionaire, Nathan Tinkler, 36, has moved his family and primary residence to Singapore.
Tinkler was an electrician in a coal mine before starting his own business. His big break came in 2006 when he borrowed $500,000 to buy a mine in Queensland state. He sold his company to Macarthur Coal for $465 million in cash and shares a year later.
He then reaped a profit of about $445 million selling his stake in Macarthur Coal to the world’s largest steelmaker, ArcelorMittal, and in August 2010 bought the Maules Creek mine from Rio Tinto Group for $480 million. That formed the basis of his listed vehicle, Aston Resources Ltd. It was then sold off to Whitehaven Coal Ltd last December for $2.6 billion in stock. He is currently the richest Australian under 40 years old.
Tinkler’s spokesman said his move to Singapore will bring him closer to his customers, financiers and investors in Asia. Said the spokesman, “He feels the need to be closer to them.”
Not too long ago, Eduardo Saverin, the co-founder of Facebook renounced his U.S. citizenship ahead of the company’s IPO last month with the same reason of wanting to stay close to Asian markets. The move will save Saverin at least $67 million in U.S. capital gains taxes, according to analysts.
Singapore doesn’t tax on capital gains from asset sales and its top income tax rate is only 20%. In contrast, capital gains are taxed as part of income in Australia and the top income tax rate there is 45%.
When Tinkler was contacted by a journalist for a story in 2010, he is reported to have responded, “You’re a f**king deadbeat, people like me don’t bother with f**king you. You climb out of your bed every morning for your pathetic hundred grand a year, good luck.”
His property portfolio includes a host of beachfront homes around Newcastle, Australia, including the mansion once owned by former rugby league star Andrew Johns, bought for $4.3 million. There are other huge homes and a fleet of luxury cars.
His first love is said to be horse racing. It was reported that he had spent close to $200 million for horse farms, training centres and horses of the bluest blood.
It was reported that in one of the disputes involving horse racing, one of the horse owners, a respected Melbourne businessman in his 60s, asked to speak to Tinkler in private. Tinkler refused, instead shouting at the businessman to ”f**k off”. When the man asked again, Tinkler hurled abuse before hurrying from the scene in public.
It remains to be seen how this young Australian billionaire is going to successfully integrate into Singapore’s society.
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Re: FAP Opened Legs to Oz Fxxxker
and the two cars roll up the curb where 20 tiongs are having dinner and they all gone to the maker
why not add a bit more :
and the two cars roll up the curb where 20 tiongs are having dinner and they all gone to the maker
Re: FAP Opened Legs to Oz Fxxxker
Gawd damn, that's one ugly mofo. At least Roman Abramovich looks much more dashing.
And I'm sure Mr Tinkler is coming to Singapore to contribute to society, create jobs, and not because it's a rich man's playground and a convenient money laundering hub.
Gawd damn, that's one ugly mofo. At least Roman Abramovich looks much more dashing.
And I'm sure Mr Tinkler is coming to Singapore to contribute to society, create jobs, and not because it's a rich man's playground and a convenient money laundering hub.
Re: FAP Opened Legs to Oz Fxxxker
He isn't interested in integrating. Billionaires create their own environments. They don't have to put up with the rest of society no matter where their "official" country of residence is.
I'll bet my botton dollar that he won't be spending any more time in sinkieland than he does now. All he's doing is avoiding the OZ taxman and he'll do that by spending less than 6 months per year in Australia so he can't be classified as a tax resident. That's why billionaires have yachts. They take refuge in international waters whenever their accountants tell them to.
He isn't interested in integrating. Billionaires create their own environments. They don't have to put up with the rest of society no matter where their "official" country of residence is.
I'll bet my botton dollar that he won't be spending any more time in sinkieland than he does now. All he's doing is avoiding the OZ taxman and he'll do that by spending less than 6 months per year in Australia so he can't be classified as a tax resident. That's why billionaires have yachts. They take refuge in international waters whenever their accountants tell them to.
Re: FAP Opened Legs to Oz Fxxxker
Roman is a nicer person too. It's hard to be a nice guy in a country overrun with thugs and crooks.
Gawd damn, that's one ugly mofo. At least Roman Abramovich looks much more dashing.
And I'm sure Mr Tinkler is coming to Singapore to contribute to society, create jobs, and not because it's a rich man's playground and a convenient money laundering hub.
Roman is a nicer person too. It's hard to be a nice guy in a country overrun with thugs and crooks.
I really worry for those yearlings if that Fat Fuck decides to ride on them during his free time..
Re: FAP Opened Legs to Oz Fxxxker
hahaha..very true...thanks leongsam for enlightening us...
hahaha..very true...thanks leongsam for enlightening us...
Compared to Ma Chi and this fatty of course I am a loser.
But compared to shameless ball carriers like you I don't fare too badly.
Of course. This morning he walk seen walking into Marie Francis slimming center
He will be creating lots of "wealth management activities".
Value creation? Probably zero.
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