Former billionaire faces fickle fortunes

[nutbush]

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).

 

[Narong Wongwan]

One of many lasup Angmos that pap wooed.
Vile pappy machiam SPG.....always kena fucked by white trash disguised as big catch.

 

[STUCK_HERE]

All these rich billiairea will not bring growth to sinkiepore but corruption.

 

[tonychat]

One of many lasup Angmos that pap wooed.
Vile pappy machiam SPG.....always kena fucked by white trash disguised as big catch.

how the hell did his worth fall from $1.13 billion down to 18 million?

did he exercise any financial prudence on his assets?

down to $800 million is understandable but to $18 million????

 

[frenchbriefs]

how the hell did his worth fall from $1.13 billion down to 18 million?

did he exercise any financial prudence on his assets?

down to $800 million is understandable but to $18 million????

Must be the curse of the casino.seems like its working.

 

[tanwahtiu]

Since LHL takes over all hells fail in Singapore.

斩草除根

All these rich billiairea will not bring growth to sinkiepore but corruption.