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Boganaire: The Rise and Fall of Nathan Tinkler - Paddy Manning

Boganaire: The Rise and Fall of Nathan Tinkler

Paperback

Published: 13th November 2013
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Hunter Valley electrician Nathan Tinkler borrowed big to turn a fortune from a speculative coal play, bursting onto the rich list in 2008 and quickly becoming Australia's youngest billionaire at the age of 35. Tinkler was emblem of both Australia's new aspirational classes and its once-in-a-generation resources boom. Adopting Newcastle as his hometown, Tinkler lived the high life as only a young man would: buying up mansions, football teams, private jets, exotic supercars and – above all else – splurging hundreds of millions of dollars to indulge his family's love of horseracing.

But Tinkler left a trail of destruction in his wake. A nasty habit of not paying creditors would come back to bite him as he accumulated enemies. Tinkler's skill was to borrow heavily, pick up neglected coal assets, prove them up and quickly on-sell them at a huge profit. It only worked in a rising market and when coal prices slumped in 2012, he had no cashflow to service his huge debts. Tinkler looked for help but he had burned too many bridges, and his downfall came as quickly as his meteoric rise.

An inveterate bull, Tinkler may yet avert bankruptcy. But his dreams and his fortune will almost certainly be gone. Brought undone after doubling and tripling his bets on coal, his story is some kind of parable for modern Australia.

This is a stunning biography, filled with colour and movement, by one of Australia's leading business writers.

About the Author

Paddy Manning is an award-winning business and personal finance journalist and a senior business writer with the Sydney Morning Herald and the Age, specializing in energy and agriculture. He founded Ethical Investor and previously worked for the Australian Financial Review and the Australian.

REVIEW SNAPSHOT®

by PowerReviews
 
3.5

(based on 2 reviews)

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5.0

My Husband has read this 2 twice,

By Dabrig

from Brisbane

About Me Everyday Reader

Verified Buyer

Pros

  • Deserves Multiple Readings

Cons

    Best Uses

    • Gift

    The selection of books are great, the quality is A+, just a good as a book store at a cheaper price.

    Comment on this review

     
    2.0

    Balanced and fair?

    By craigo

    from Newcastle

    About Me Casual Reader

    Pros

    • Easy To Read

    Cons

    • Biased
    • Disappointing
    • Unbalanced

    Best Uses

    • Older Readers

    Boganaire by Paddy Manning is a look into the business life of Nathan Tinkler, who at the age of 35 became Australia's youngest ever billionaire. Having started life as a mine electrician Nathan Tinkler made his fortunes from speculative coal deals. Whilst Boganaire provides an interesting insight into the mining world and the lives of the so called "paper billionaires" the biography lacks credibility in that it is full of presumptions, speculations and hearsay. Like all journalists, Paddy Manning has not let the lack of any real evidence get in the way of a good story

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    ISBN: 9781863956284
    ISBN-10: 186395628X
    Audience: General
    Format: Paperback
    Language: English
    Number Of Pages: 312
    Published: 13th November 2013
    Publisher: Black Inc.
    Dimensions (cm): 23.3 x 15.3  x 2.3
    Weight (kg): 23.3