NATHAN Tinkler started 2012 on a roll, having merged two of his interests into Whitehaven Coal in a $5.1 billion deal. But as the year wore on, the former billionaire's empire started to topple, and he has finished with a mountain of debt and a flurry of legal battles.
The 36-year-old, who once headed BRW's Young Rich List, was often applauded for his high-risk style. But after riding the coal market in a bull cycle, his big picture plans came crashing down as soon as commodity prices and demand weakened.
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