Boganaire: The Rise And Fall Of Nathan Tinkler

by Manning Paddy
$22.99

Publisher: Black Inc

Publication Date: July 14, 2014

ISBN: 9781863956734

Binding: Paperback

Availability: 7-14 Days

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From blue collar to billionaire . . . Hunter Valley mine electrician Nathan Tinkler borrowed big in 2005, invested in coal and by 2011 was a billionaire. He had gambled on a rising market and won. He lived the high life as only a young man would, buying luxury homes, private jets, racehorses, sports cars and football teams, but his volatility and reluctance to pay his debts were making him enemies. When coal prices slumped in 2012, Tinkler had no cash flow to service his massive borrowings and no allies to help him recover. Within months he was trying desperately to stave off his creditors, large and small, and fighting to save his businesses and his fortune. In this impressive biography, freshly updated, leading business writer Paddy Manning tells the story of Tinkler's meteoric rise to wealth, and captures the drama of his equally rapid downfall. 'Boganaire is much more than a book for readers of business literature. It provides an insight into a bigger and more important subject than Nathan Tinkler- it shows how the easy prosperity from resource riches might be changing our culture and values for the worse.' Paul Cleary, The Australian