Nathan Tinkler bankrupt as private jet brings coal baron down to earth

A failure to come up with $2.25m owed on a Dassault Falcon jet was the final straw for the electrician turned billionaire Nathan Tinkler, who rode the mining boom to become Australia's youngest billionaire before losing it all when coal prices collapsed, has been declared legally bankrupt after failing to pay off a private jet. Related: The Newcastles: two clubs on different sides of the globe but united by strife | Janek Speight