Business
Lex Greensill: Why the green energy backer lost his billions – The Saturday Paper
For years, the rise of the Bundaberg farmer’s son turned London banker seemed unstoppable. Then things started to fall apart.
Lex Greensill started the week as a billionaire. Within days, the boy from Bundaberg had lost his empire.
The collapse of his fortune is, in part, explained by close links to Australias biggest renewables investor, Sanjeev Gupta. And as such, Greensills trouble may drag down Guptas global empire, with jitters already spreading to the 1200 workers at South Australias Whyalla steelworks, which was purchased by the Gupta Family Group (GFG) Alliance in 2017.
The Financial Times reported that about 60…
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