
In May 2008, months before the global financial crisis tore through commodity markets, Nathan Tinkler cashed out $422 million — one of the best-timed bets in Australian history
Nathan Tinkler bought a Queensland coal tenement for $1 million in 2006 against his Newcastle house, then sold it to Macarthur Coal for $422 million in May 2008 — weeks before the global financial crisis wiped 60 per cent off thermal coal prices. What he did with the money is the cautionary part.














