Who is Clive Palmer?
He is an Australian billionaire. He is active in mining and hospitality. He is also the leader of the United Australia Party. And a former member of the Parliament of Australia. He was born in March 1954. He is married to Anna Topalov. He has 3 children: Mary, Emily, and Michael.
He is the owner of the company Mineralogy. It is a mining company that has an inactive ore mine. Mineralogy has reserves that contain 160 billion tonnes of iron ore. A Chinese company paid US$ 415 million for the rights to mine the ore.
Palmer also owns Waratah Coal. It is an exploration and coal mine development company. Which is a wholly-owned subsidiary of Mineralogy Pty Ltd. Waratah Coal owns a US$ 8 billion coal mine. And an infrastructure project in Central Queensland.
Other mining companies owned by Clive Frederick Palmer are Queensland Nickel and Australasian Resources. If we understand correctly he is also financially involved in CITIC Pacific Mining.
Palmer Coolum Resort
The Palmer Coolum Resort is a 150-hectare resort. It has 2 kilometers of beach. And an 18 hole Par 72 championship golf course. It is one of Australia’s Top 100 Public Access Golf Courses.
Palmer also owns the Palmer Gold Coast Golf Resort and the Palmer Sea Reef golf paradise.
United Australia Party
He is the Federal Leader of the United Australia Party. The United Australia Party originally existed from 1931 until 1945. But it was reestablished by Palmer in 2013.
The party is considered to be a right-wing populism party and Australian nationalism. Its slogan is Make Australia Great.
Clive Palmer Net Worth
His net worth is estimated at US$ 2.8 billion. In 2019 a Western Australia Court ordered the Chinese state-owned company CITIC to pay $US10 ($14.50) a tonne in royalties to Mineralogy. CITIC was forced to front up $US 149 million in back-payments.