Embattled Tinkler up $780,000

Myriam Robin /

Embattled mining entreprenuer and major shareholder of Whitehaven, Nathan Tinkler, is $780,000 up after selling 10 horses at the Gold Coast’s Magic Millions horse auction at the weekend.

His best result, a colt by sire Onemorenomore, netted the former billionaire $200,000.

Tinkler has been offloading luxury assets in recent months, after a slowdown in the global demand for coal made his debt levels untenable. 

He recently sold his stables, Patinack Farms, as well as his personal jet and helicopter. 

Myriam Robin

Myriam Robin is a reporter for SmartCompany and its sister site LeadingCompany. She has degrees in economics, international studies and journalism. She likes writing about businesses taking risks and doing new things.