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The corporate collapse of the 2010s: from billionaire to bankrupt

The corporate collapse of the 2010s: from billionaire to bankrupt

Nathan Tinkler rode the coal boom during the 2010s to become Australia’s richest person under 40 and then went broke in a blaze of publicity.

Andrew ClarkSenior writer

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The phrase “gold rush” generates attention in a country with a strong mining history such as Australia. “Coal rush” just doesn’t quite do it.

This is one reason why the Nathan Tinkler story – from rags to riches to rags again - has been more about spectacular goings-on in the life of Australia’s “boganaire”, but not the causes behind what was without doubt the 2010s’ most colourful corporate crash.

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Andrew Clark
Andrew ClarkSenior writerAndrew Clark is a former editor of The Sun-Herald and Australian Business. He was a correspondent in Europe and North America, a political correspondent in Canberra and has been a journalist for more than 55 years. Email Andrew at aclark@afr.com.au

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Original URL: https://www.afr.com/policy/economy/the-corporate-collapse-of-the-2010s-from-billionaire-to-bankrupt-20220418-p5ae32