Innovation

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. 

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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.

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