Clive Palmer

Who is Clive Palmer?

Clive Frederick Palmer is an Australian businessman, politician, political activist, and owner of Mineralogy. He has iron ore, nickel and coal holdings. Palmer's net worth was estimated by Forbes magazine to be US$550 million as of January 2014; while the BRW magazine estimated his wealth at A$1.22 billion as of June 2014.

Palmer owns Mineralogy, Waratah Coal, Palmer Industries, Queensland Nickel at Townsville, Palmer Coolum Resort on the Sunshine Coast, Palmer Sea Reef Golf Course at Port Douglas, Palmer Colonial Golf Course at Robina, and the Palmer Gold Coast Golf Course, also at Robina. He owned Gold Coast United FC from 2008 to 2012.

In April 2012, he announced that he had signed a memorandum of understanding with CSC Jinling Shipyard to construct a replica of RMS Titanic, the Titanic II. The ship will be built in China and will set sail in late 2016. Palmer also added over 100 animatronic dinosaurs to his resort in Coolum, creating a simulated Jurassic Park.

In 2013, he established the Palmer United Party and contested the federal election. Palmer won the Queensland seat of Fairfax in the Australian House of Representatives.