He was born in Plaški, a village in Karlovac County, Croatia, to a family originating from Italy (the Donadinis moved to Korčula from Vicenza or Mantova sometime around 1750). As a result of his father's heavy drinking, the family went bankrupt and his parents divorced, leaving Ulderiko and his siblings (six sisters and one brother) in dire straits. Ulderiko later studied biology and chemistry in Zagreb, but left the university without graduating. As a student, he participated in riots and demonstrations directed against Slavko Cuvaj, the viceroy of Croatia-Slavonia. After a couple of months in the military hospital, where he faked mental distraction to avoid service, Donadini was finally proclaimed ineligible for the army, enabling him to lead an extravagant life style over the following years. Among his good friends were fellow poets Antun Branko Šimić and August Cesarec, but he was also influenced by the works of Antun Gustav Matoš, Vladimir Čerina and Miroslav Krleža. Up until 1921, when he was diagnosed with schizophrenia, he worked as a school teacher in Petrinja, Zagreb and Vinkovci. He died in 1923 in a mental hospital in Zagreb, one day after cutting his throat with a razor.
Donadini is best remembered as the editor of the short-lived literary journal Kokot (1916–1918), in which he introduced expressionist and Avant-garde ideas into Croatian literature. His writing is to be found in other important journals of the period as well, such as Savremenik, Vijavica, Obzor, Kritika etc. Due to his constant criticism of stable and preferred social institutions that enable the functioning of civil society, Donadini is also considered to be the successor to Janko Polić Kamov. Some of his most famous short stories are "Đavo gospodina Andrije Petrovića", "Dunja" and "Doktor Kvak".
- Lude priče (short stories, 1915)
- Sablasti (novel, 1917)
- Vijavice (novel, 1917)
- Kamena s ramena (essays and feuilletons, 1917)
- Bezdan (drama, 1919)
- Igračka oluje (drama, 1921)
- Kroz šibe (novel, 1921)
- Bauk (novel, 1922)
- Ulderiko Donadini: Književnik i ekscentrik (Croatian)