Nathan Tinkler
Encyclopedia
Nathan Tinkler is a mining
magnate
and businessman from the Hunter Region, New South Wales
, Australia
.
in a coal mine before starting his own business. His big break came in 2006 when he borrowed $500,000 to buy a mine. He sold his company to Macarthur Coal
for $275 million. In 2008 he was on BRW's Young Rich list, worth about $441 million. He is the richest man in Australia under 40 years old.
In July 2010, Tinkler floated his company Aston Resources with $400 million worth of shares offered, leaving Tinkler with $600 million worth of the company. In early October 2010, it was announced that Tinkler was set to purchase a 50% share in the Ford V8 Supercar team, Dick Johnson Racing
, taking over from Charlie Schwerkolt as Dick Johnson's partner within the team.
Tinkler lives in a $13.3 million house at Merewether
Beach. Tinkler's Ferrari California
was stolen along with other items from his home. The $500,000 car was later found burnt out in bushland north of Newcastle
.
announced that Tinkler had purchased the A-League
club Newcastle Jets from Con Constantine
, holding the licence temporarily. On 2 October, 2010, he secured the future of the club by extending his ownership until 2020. Tinkler has had a positive influence at the Jets. A new price for tickets includes a season pass for children younger than 15, a family pass for 11 home games with reserved grandstand for $100 and general admission for $10. As part of a new initiative called "Be a part of it", the Jets hosted a community day, where 10,000 fans were admitted free for the clash against Melbourne Heart on October 31, 2010.
The club has a new sponsor with Hunter Medical Research Institute. The Jets will have the institute's logo on the front of their playing strip and will donate $5000 for every goal they score at home and $2500 for an away goal. The changes continued when the club set up a new administration office, extended the contract of coach Branko Culina
until March 2015 and unveiled a $2.5 million blueprint
for the football department.
rugby league
club on the 31 March 2011 by a landslide vote, voted on by the eligible members of the Knights. In a major coup for the club, he signed Wayne Bennett to a four-year coaching contract with the club starting in 2012.
in 2010, he is reported to have responded "You're a f---ing deadbeat, people like me don't bother with f---ing you. You climb out of your bed every morning for your pathetic hundred grand a year, good luck."
Mining
Mining is the extraction of valuable minerals or other geological materials from the earth, from an ore body, vein or seam. The term also includes the removal of soil. Materials recovered by mining include base metals, precious metals, iron, uranium, coal, diamonds, limestone, oil shale, rock...
magnate
Magnate
Magnate, from the Late Latin magnas, a great man, itself from Latin magnus 'great', designates a noble or other man in a high social position, by birth, wealth or other qualities...
and businessman from the Hunter Region, New South Wales
New South Wales
New South Wales is a state of :Australia, located in the east of the country. It is bordered by Queensland, Victoria and South Australia to the north, south and west respectively. To the east, the state is bordered by the Tasman Sea, which forms part of the Pacific Ocean. New South Wales...
, Australia
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
.
Biography
Tinkler was an electricianElectrician
An electrician is a tradesman specializing in electrical wiring of buildings, stationary machines and related equipment. Electricians may be employed in the installation of new electrical components or the maintenance and repair of existing electrical infrastructure. Electricians may also...
in a coal mine before starting his own business. His big break came in 2006 when he borrowed $500,000 to buy a mine. He sold his company to Macarthur Coal
Macarthur Coal
Macarthur Coal is a mining company based in Queensland, Australia, which was incorporated in October 1995. The company was founded by Ken Talbot, who was a former chief executive officer....
for $275 million. In 2008 he was on BRW's Young Rich list, worth about $441 million. He is the richest man in Australia under 40 years old.
In July 2010, Tinkler floated his company Aston Resources with $400 million worth of shares offered, leaving Tinkler with $600 million worth of the company. In early October 2010, it was announced that Tinkler was set to purchase a 50% share in the Ford V8 Supercar team, Dick Johnson Racing
Dick Johnson Racing
Dick Johnson Racing is Australia's oldest operating motor racing team. Founded by Dick Johnson, the team has won seven Australian Touring Car Championship titles and has taken three victories in Australia's hallmark race, the Bathurst 1000...
, taking over from Charlie Schwerkolt as Dick Johnson's partner within the team.
Tinkler lives in a $13.3 million house at Merewether
Merewether, New South Wales
Merewether is a suburb of Newcastle, New South Wales, Australia, located from Newcastle's central business district with a population of around 10,000. The suburb stretches from Merewether Beach in the east to Adamstown in the west.- Establishment :...
Beach. Tinkler's Ferrari California
Ferrari California
The Ferrari California is a grand touring sports car that was launched by Ferrari at the 2008 Paris Motor Show. It is a two door "2+2" hard top convertible. The California is powered by front-mid mounted gasoline direct injection V8 with...
was stolen along with other items from his home. The $500,000 car was later found burnt out in bushland north of Newcastle
Newcastle, New South Wales
The Newcastle metropolitan area is the second most populated area in the Australian state of New South Wales and includes most of the Newcastle and Lake Macquarie Local Government Areas...
.
Newcastle Jets
On September 22, 2010, the FFAFootball Federation Australia
Football Federation Australia is the governing body for the sport of football in Australia. Before 1 January 2005, it was known as the Australian Soccer Association , which succeeded Soccer Australia in this role in 2003...
announced that Tinkler had purchased the A-League
A-League
The A-League is the top Australasian professional football league. Run by Australian governing body Football Federation Australia , it was founded in 2004 following the folding of the National Soccer League and staged its inaugural season in 2005–06. It is sponsored by Hyundai Motor Company...
club Newcastle Jets from Con Constantine
Con Constantine
Con Constantine is a Cypriot-Australian businessman and the former owner of the Australian football club Newcastle United Jets.-Early life:...
, holding the licence temporarily. On 2 October, 2010, he secured the future of the club by extending his ownership until 2020. Tinkler has had a positive influence at the Jets. A new price for tickets includes a season pass for children younger than 15, a family pass for 11 home games with reserved grandstand for $100 and general admission for $10. As part of a new initiative called "Be a part of it", the Jets hosted a community day, where 10,000 fans were admitted free for the clash against Melbourne Heart on October 31, 2010.
The club has a new sponsor with Hunter Medical Research Institute. The Jets will have the institute's logo on the front of their playing strip and will donate $5000 for every goal they score at home and $2500 for an away goal. The changes continued when the club set up a new administration office, extended the contract of coach Branko Culina
Branko Culina
Branko Čulina is a football coach and former player. He is currently without a club after being sacked by Newcastle Jets.-Club career:...
until March 2015 and unveiled a $2.5 million blueprint
Blueprint
A blueprint is a type of paper-based reproduction usually of a technical drawing, documenting an architecture or an engineering design. More generally, the term "blueprint" has come to be used to refer to any detailed plan....
for the football department.
Newcastle Knights
Tinkler successfully took ownership of the Newcastle KnightsNewcastle Knights
The Newcastle Knights are an Australian professional rugby league football club based in Newcastle, New South Wales. They compete in Australasia's premier rugby league competition, the National Rugby League premiership...
rugby league
Rugby league
Rugby league football, usually called rugby league, is a full contact sport played by two teams of thirteen players on a rectangular grass field. One of the two codes of rugby football, it originated in England in 1895 by a split from Rugby Football Union over paying players...
club on the 31 March 2011 by a landslide vote, voted on by the eligible members of the Knights. In a major coup for the club, he signed Wayne Bennett to a four-year coaching contract with the club starting in 2012.
Attitude
Tinkler's attitude to journalists is apparently less than positive. When Tinkler was contacted by a journalist from FairfaxFairfax Media
Fairfax Media Limited is one of Australia's largest diversified media companies. The group's operations include newspapers, magazines, radios and digital media operating in Australia and New Zealand. Fairfax Media was founded by the Fairfax family as John Fairfax and Sons, later to become John...
in 2010, he is reported to have responded "You're a f---ing deadbeat, people like me don't bother with f---ing you. You climb out of your bed every morning for your pathetic hundred grand a year, good luck."