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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