Description |
1 online resource (streaming video file) (45 min. 17 sec.) ; 272275951 bytes |
Summary |
Next on Four Corners the rise and fall of Australia's youngest billionaire, Nathan Tinkler. How did he make so much money and where did it go?What do you do when you engineer a deal that delivers you a $440 million windfall? Spend it, and then set about putting together another deal that will deliver an even bigger bonanza. That's what mining magnate Nathan Tinkler did and the strategy made him Australia's youngest ever billionaire. Now he's been forced into a fire-sale of assets. Will he rise again or is he down for the count?"Tinkler sort of indulged all the stereotypical Australian male passions, horse racing, fast cars, footy teams, all of those businesses are money pits, you know. You put a lot of money and you get very little out."Four Corners tries to find out what makes Nathan Tinkler tick. How did the boy from Inverell engineer the deals that put him on Australia's rich list and how did things go wrong?Reporter Stephen Long tracks down the people who knew Nathan Tinkler as a hard-running rugby league player, those who helped him get to the top and those he burnt along the way. Long delivers an unvarnished portrait of a man with an apparently insatiable appetite for risk. Whether he's backing horses or buying coal leases, Tinkler is prepared to roll the dice.It's a story that runs from rural Australia to the exclusive foreign enclaves in Singapore, where Tinkler lives away from the spotlight. At this point in his life he's made and lost two fortunes; will he come back for another run at the big time?Some say yes he can:"He's too young to be written off and, as I say, he's got this eye for the underappreciated assets and that's a pretty key skill."Others aren't so sure:"I don't know how Nathan's (story) will end. I wish him well. I hope the best for him but it seems that he's going the same way as that kind of person always seems to go." |
Event |
Broadcast 2013-07-29 at 20:30:00 |
Notes |
Classification: NC |
Subject |
Billionaires.
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Bookmakers (Gambling)
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Businesspeople -- Biography.
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Football teams.
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Horse racing -- Betting.
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Mineral industries.
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Australia.
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Singapore.
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Form |
Streaming video
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Author |
O'Brien, Kerry, host
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Long, Stephen, reporter
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Baker, Alan, contributor
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Curry, Tim, contributor
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Delacy, Keith, contributor
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Jameson, Neil, contributor
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Laird, Phil, contributor
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Mackinnon, Amber, contributor
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Palmer, Clive, contributor
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Shameen, Assif, contributor
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Thomson, James, contributor
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Tinkler, Nathan, contributor
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