"THERE'S not a lot left," Gold Coast entrepreneur Craig Gore says of the reputed $180 million fortune that for half the decade kept his name on the nation's rich lists.
A string of failed property developments and a fallout with embattled finance group City Pacific have seen three key companies owned by Gore swept into receivership with debts of $145 million.
But for the man who once said of Gold Coast businessmen "we tend to have enough money to own a Commodore, and we drive a Porsche", the dive from riches to rags is nothing new.
Gore, the son of late white shoe brigade property developer Mike Gore, has emerged as a reliable bellwether for the boom-bust cycles of the glitz-strip over the past 20 years.
In the late 1980s, Gore was living large as the owner of an advertising agency and making lucrative property deals on the side.
By the early 1990s, following the spectacular collapse of his father's empire amid the property crash, Gore was declared bankrupt.
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Jenny
A string of failed property developments and a fallout with embattled finance group City Pacific have seen three key companies owned by Gore swept into receivership with debts of $145 million.
But for the man who once said of Gold Coast businessmen "we tend to have enough money to own a Commodore, and we drive a Porsche", the dive from riches to rags is nothing new.
Gore, the son of late white shoe brigade property developer Mike Gore, has emerged as a reliable bellwether for the boom-bust cycles of the glitz-strip over the past 20 years.
In the late 1980s, Gore was living large as the owner of an advertising agency and making lucrative property deals on the side.
By the early 1990s, following the spectacular collapse of his father's empire amid the property crash, Gore was declared bankrupt.
Read more...
Jenny