Nathan Tinkler
Australian coal magnate Nathan Tinkler was Australia’s youngest billionaire four years ago (2011) at the age of 35. In 2012, Tinkler was Australia’s 26th-richest person with a net worth of US$825 million, according to Forbes Magazine.
Three years ago (2012), after a chain of disastrous deals, Tinkler left Australia for Singapore with his wife and four children. This move was in an attempt to recoup his business finances by selling his assets to repay debts. Tinkler divulged that most of the financing for his past deals came from Singapore. It was also believed that Singapore’s low corporate and personal taxes played a pivotal role in Tinkler’s relocation.
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