Billionaire Nathan Tinkler 's rags-to-riches story in peril as his debt woes increase . On Tuesday an Australian court ordered the liquidation of his personal holding company . The 36-year-old mining magnate 's racing empire and sports empire are in trouble . TL;DR A judge has ruled that billionaire businessman Nathan Tinkler's business interests must be sold to pay off debts he owes to banks.
Billionaire Nathan Tinkler 's rags-to-riches story in peril as his debt woes increase . On Tuesday an Australian court ordered the liquidation of his personal holding company . The 36-year-old mining magnate 's racing empire and sports empire are in trouble . Just nine years ago , Tinkler was an electrician working in the mining industry .