The bankruptcy is the latest chapter in Joe Gutnick’s colourful career. Photo: Jesse Marlow
Mining magnate “Diamond” Joe Gutnick was once ranked among the wealthiest men in the country, with a fortune totalling more than $300 million.
Now the former Melbourne Football Club president has declared himself bankrupt, with debts totalling more than $275 million, after a deal with one of India’s biggest fertiliser groups turned sour.
Mr Gutnick’s statement of affairs, obtained by Fairfax Media, shows he owes his creditors $275 million, and has no other assets except for $16,087 in savings and a worthless portfol…
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