Rank #1058
Clive Palmer
Net worth $4.0B
Mining · Australia
- Born
- Mar 26, 1954
- Age
- 72
- Source
- Mining
- Residence
- Brisbane
- Citizenship
- Australia
- Marital status
- Married
- Children
- 3
- Education
Net worth over time
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.
- 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.