Clive Palmer
Brisbane, Australia
Australia
mining, Self Made
$1,800,000,000
1281
#1281 Billionaires 2019
#20 Australia's 50 Richest 2019
The ebullient resources player and former member of the Australian Parliament, Clive Palmer became a billionaire in 2019. His fortune soared after a court ordered a flow of iron-ore royalties to his company, Mineralogy, to resume. He started Mineralogy in 1984 and has built a portfolio of iron-ore, thermal-coal and hydrocarbon assets. He also owned Queensland Nickel, which operated a nickel-and-cobalt refinery, but the company collapsed in 2016.
Palmer plans to build and operate a replica of the Titanic, the luxury ocean liner that sank in 1912 on its maiden voyage.
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