Bankrupt former billionaire Nathan Tinkler has finally repaid his debt to retail king Gerry Harvey.
The last $5.5 million of a $60 million loan have been paid back after liquidators announced the sale of Nathan Tinkler's former horse stud headquarters in the Hunter Valley.
The former billionaire had spent more than $26 million buying and developing the property which in the end was carved up into three lots and sold for an undisclosed sum.
Gerry Harvey told Fairfax Nathan thinks he can make it back, but hope is wonderful thing and in reality many in his situation can never make that comeback.
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| Nathan Tinkler Image wikipedia.com |
