Clive Palmer
Overview
- Source of Wealth
- Mining
- Industry
- Metals & Mining
- Residence
- Brisbane
- Marital Status
- Married
- Children
- 3
Biography
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 is engaged in litigation with several parties, including Australia's corporate regulator, the Australian Securities and Investments Commission.
About
Palmer plans to build and operate a replica of the Titanic, the luxury ocean liner that sank in 1912 on its maiden voyage.
His daughter Emily is a director on Mineralogy's board.
In September 2025, his case against the Australian government related to his proposed iron ore project was dismissed and he was ordered to pay $13 million.