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Australia: The real estate kings who have lost their crowns

Posted on 06 September 2012

They are fallen stars who made a fortune in the boom. Where are they now? Craig Gore followed in the footsteps of his colourful late father Mike Gore to build a property empire, but in April he filed for bankruptcy, citing debts of $282.9m.
The Gold Coast-based Mr Gore, who in 2007 was listed on BRW’s Rich 200 with a $183m fortune, struck a deal with creditors in 2010 to pay a fraction of the more than $490m owed. But in February, creditors voted to end the deal. Mike Gore went broke after building the Gold Coast’s Sanctuary Cove residential resort in the 1980s……………………………………..Full Article: Source


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