What is Clive Palmer’s Net Worth?


Clive Palmer is an Australian politician and businessman.

Palmer has several businesses including Mineralogy, Waratah Coal and Queensland Nickel at Townsville.

From 2008 to 2012, he was the owner of Gold Coast United FC.

Clive Palmer’s networth is approximately $2.2 Billion as of July 2022.

Early Life

Clive Frederick Palmer, was born on 26 March 1954 in Footscray.

He spent his childhood in Williamtown, a nearby suburb.

His family moved to Queensland in the following years. He attended Southport State High School as well as Aquinas College. He attended Toowoomba Grammar School.

His father was an agent for travel and his family often traveled all over the world.

His father was also the owner and founder of Akron Tyre Co.


Palmer dropped out of the University of Queensland before he finished his journalism and law degrees. He was born and raised in Melbourne, Australia.

He is involved in many different business sectors.

Mineralogy is owned and operated by Palmer. Later, he bought Waratah Coal and Queensland Nickel.

Palmer purchased Gold Coast United in order to increase his popularity in China in 2008.

A few years later, the Football Federation Australia revoked his license and he started a competing league.

He is the businessman responsible for the creation of “Titanic II”, which is a recreation of the famous ship that set sail to New York from Southhampton in 2016.

Palmer is also the creator of Palmer Coolum Resort Dinosaur Park. It’s a theme park featuring animatronic dinosaurs that are inspired by “Jurassic Park”.

Palmersaurus was established in Australia in 2013.

In the same year, he founded Palmer United Party, his political party to contest the federal elections. He won the Queensland seat in the House of Representatives.

After 22 years of marriage, his first wife, Susan died from cancer.

How Does Clive Palmer Spend His Money

Palmer is an avid car enthusiast and has one of the largest and most expensive car collections in America.

Clive Palmer spends money on luxury mansions and expensive cars.

Palmer bought an Australian mansion for $12 million. It had five bedrooms, a gymnasium, a wine room, a lift and a lap swimming pool at 9 Hedges Avenue.

He also owns Brisbane property, which he bought in Brisbane for $7.5million.

Palmer has over 150 cars valued at more than $20 million. He has 11 Rolls-Royces, Bugatti’s and Ferraris.


Here are some highlights from Clive Palmer’s career:

  • Palmer owned Gold Coast United FC (2008 – 2012)
  • Palmer United Party (2013)
  • United Australia Party (2018) 

Favorite Quotes From Clive Palmer

I have enough money in my financial life to be able to retire right now and do nothing. But I have a responsibility and an obligation to find ways to increase the number of jobs in Queensland. Queensland’s government also has an obligation, to approve projects and assess them for the benefit and enjoyment of Queenslanders.

All people matter, no matter their political views. It’s concerning that people are attacking people’s basic rights, livelihoods and dignity. I am a Queensland citizen and have every right to my opinion.