Clive Palmer, one of Australia’s wealthiest individuals, has multiple hats. He is a businessman, a member of the Australian Parliament, and the founder of his own political party in Australia. He was born into a working-class family, but after putting in a lot of effort and earning his real estate license, he started making money from property development. Palmer’s ambitions expanded beyond that, and he began dabbling in politics. During this time, he tried to establish contacts in prominent places and started his own businesses, including Mineralogy, for which he is most known today. Despite his status as a mining magnate, his interests have expanded into the tourism business, with a number of resorts bearing his name. He has demonstrated a caring side by supporting the less fortunate by giving back his time and riches. He is also a supporter of medical research. He has married and started a family, despite being visibly dedicated in his job. He appears to enjoy his free time and is a sports fanatic. He even backs a few sports teams. Continue reading to learn more about his life and work.
Childhood and Adolescence
Palmer was born in Melbourne, Australia, on March 26, 1954. Nancy and George Palmer, his parents, were both from the working class. His family relocated to Queensland in 1963.
St. Mary’s Primary School, Aquinas College, Southport State High School, and Toowomba Grammar School were among his schools. He majored in law at the ‘University of Queensland before dropping out in 1975.
Clive Palmer’s Career
He joined the Queensland division of the National Party of Australia in 1974. He played numerous parts and was extensively involved.
He was the National Party’s campaign director during the 1983 state election. The election was a resounding success.
Palmer started the mining firm ‘Mineralogy’ in 1984. Iron ore is their main product, and they control almost 1,000 kilometers of territory in Cape Preston.
He was the National Party’s media spokesman during the 1986 election campaign.
He bought Waratah Coal, an Australian coal mining development firm, in 2008. There was a 4.4 billion tone resource claimed at the time of purchase.
He also bought Australia’s ‘Gold Coast United’ soccer team in 2008. Despite having a business presence in China, he believes the team’s participation in the Asian Champions League will increase his popularity there.
In 2009, he bought the Palmer Nickel and Cobalt Refinery and Queensland Nickel. The following year, the company expanded production by 30%.
In 2012, his ownership of the Gold Coast United soccer team came to an end.
He had a falling out with the leadership of the Liberal National Party in 2012. His lifelong membership was revoked.
He launched ‘Football Australia’ in the same year. Football Australia, which competes with Football Federation Australia, does not have any foreign affiliates.
He was also named Secretary-General of the ‘World Leadership Alliance’ in 2012.
On April 25, 2013, he launched his political career by forming the ‘Palmer United Party.’ He was elected to the Queensland House of Representatives for Fairfax later that year.
His Major Projects
He addressed the public about his intention of creating a replica of the RMS Titanic during a news conference in 2013. The Titanic II, he continued, will be built in China and will sail from Southampton to New York City on its inaugural trip.
He has declared plans to develop a dinosaur park similar to those of ‘Jurassic Park’ in 2013. It will be erected at Palmer Coolum Resort on the Sunshine Coast.
Achievements and Awards
Palmer was named Adjunct Professor at Deakin University’s Faculty of Business and Law in 2002. He retained this position for the next four years, and during that time, he offered a range of lectures as part of his program, imparting his knowledge of business and law.
Due to his extensive experience in company management and entrepreneurship, ‘Bond University’ on the Gold Coast awarded him Adjunct Professor of Management in 2008.
Personal History and Legacy
Susan, his first wife, was someone he met at university. Before she died of cancer in 2007, they had a son and a daughter together. He had two daughters after remarrying.
Palmer lives in a villa in the ‘Palmer Coolum Resort,’ one of his resorts. He is thought to own a number of other states, including 11 in the Sovereign Islands.
He committed $100 million to medical research for indigenous peoples in Australia’s western half. The ‘Palmer Care Foundation’ is his creation and he is also its director.
He was named an Australian national living treasure by the National Trust of Australia in 2012. The National Trust is a nonprofit organization dedicated to preserving America’s history.
His monetary value
His estimated net worth was $1.22 billion in June 2014. This put him at number 28 on the BRW Rich 200 list.
Estimated Net worth
Clive Palmer has a net worth of $2.2 billion dollars and is an Australian entrepreneur, businessman, politician, and activist. Mineralogy Pty Ltd., a Western Australian ore mining firm, is owned by Clive Palmer.