Clive Palmer Australian coal magnate Date of Birth: 26.03.1954 Country: Australia

1. Clive Palmer Biography
2. Entrepreneurial Ventures
3. Football Club Ownership
4. National Party Membership
5. Other Projects
6. Academic Endeavors
7. Health Issues and Controversies

Clive Palmer Biography

Clive Palmer, an Australian coal magnate, is best known as the owner of the mining company 'Mineralogy' and a successful investor who puts money into other companies. He was born on March 26, 1954, in Victoria, Australia, and grew up on Perry Street in Williamstown, where his father owned a movie theater. Currently, Palmer resides in the coastal city of Gold Coast, Queensland.

Entrepreneurial Ventures

Palmer founded his company 'Mineralogy', which provided access to iron ore deposits, approximately 160 billion tons in reserves, in the Pilbara region in Western Australia. In 2008, he acquired the company 'Waratah Coal' and took over the management of 'Queensland Nickel' a year later.

Football Club Ownership

In addition to his business ventures, Palmer owned the football club 'Gold Coast United FC' from 2008 to 2012. He acquired the club with the aim of preparing the team for international competitions, specifically in China. However, his ownership was marred by constant violations of the rules and regulations set by the Football Federation Australia. As a result, the license for Palmer's ownership was revoked, and the club eventually disbanded.

National Party Membership

Palmer is a lifelong member of the National Party of Australia. During the 1986 elections, he served as a media specialist for the party.

Other Projects

Aside from his business and football ventures, Palmer owns a luxurious resort. He made headlines when he announced his plans to create a replica of the 'Titanic,' which he named 'Titanic II'. In April 2012, Palmer signed a memorandum of understanding with the Chinese company 'CSC Jinling Shipyard' to build a replica of the British ship 'RMS Titanic.' The construction was expected to be completed by the end of 2016, with a focus on maintaining the original design inside and out. Safety precautions were also taken into account, such as providing enough lifeboats for all passengers to avoid a repeat of the tragedy.

Academic Endeavors

In June 2002, Palmer was appointed an adjunct professor at the Faculty of Business and Law at Deakin University. He held this position until 2006 and delivered a series of lectures as part of the university's MBA program.

Health Issues and Controversies

Palmer has faced health issues throughout his life. In 2009, he experienced a cardiac episode during a soccer game between 'Brisbane Roar' and 'Gold Coast United'. He was initially believed to have suffered a heart attack but was later diagnosed with rapid heart rate. In 2012, he was also found to have sleep apnea.

Furthermore, Palmer has been involved in controversies, such as accusing Greenpeace of being funded by the CIA to reduce coal mining in Australia. These claims were dismissed by Greenpeace representatives.

According to Forbes magazine, Palmer's net worth was estimated at 795 million US dollars as of January 2012.