Clive Palmer (businessman)
Encyclopedia
Clive Palmer is a businessman from Queensland
Queensland
Queensland is a state of Australia, occupying the north-eastern section of the mainland continent. It is bordered by the Northern Territory, South Australia and New South Wales to the west, south-west and south respectively. To the east, Queensland is bordered by the Coral Sea and Pacific Ocean...

, Australia
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...

. he is Australia's fifth richest man and the wealthiest in Queensland. BRW
Business Review Weekly
BRW is an Australian weekly business magazine published by the Fairfax Media group. It regularly compiles lists which rank corporations and individuals according to various criteria, similar to Fortune magazine in the United States.BRW provides news and commentary on the economy, business and...

estimated his worth at around A$
Australian dollar
The Australian dollar is the currency of the Commonwealth of Australia, including Christmas Island, Cocos Islands, and Norfolk Island, as well as the independent Pacific Island states of Kiribati, Nauru and Tuvalu...

3 billion, with others putting it at $6 billion.

Private life

Clive Palmer was born in Victoria
Victoria (Australia)
Victoria is the second most populous state in Australia. Geographically the smallest mainland state, Victoria is bordered by New South Wales, South Australia, and Tasmania on Boundary Islet to the north, west and south respectively....

 and lived in Perry St, Williamstown
Williamstown, Victoria
Williamstown is a suburb in Melbourne, Victoria, Australia, 8 km south-west from Melbourne's central business district. Its Local Government Area is the City of Hobsons Bay. At the 2006 Census, Williamstown had a population of 12,733....

, where his father had a private movie theatre and used to invite his neighbours to watch the latest movies.

Palmer is a life member of the National Party of Australia
National Party of Australia
The National Party of Australia is an Australian political party.Traditionally representing graziers, farmers and rural voters generally, it began as the The Country Party, but adopted the name The National Country Party in 1975, changed to The National Party of Australia in 1982. The party is...

. He was the media spokesman for the party during the 1986 state election.

Palmer was thought to have suffered a heart attack while watching the Brisbane Roar–Gold Coast United game on 11 October 2009 and was rushed to hospital. However, doctors dismissed it as merely a heart palpitation incident.

Public life

He had a successful early career in real estate, mostly on the Gold Coast.
He is the owner of the company, Mineralogy
Mineralogy (mining company)
Mineralogy is a mining company owned by Clive Palmer of Queensland, Australia.Mineralogy signed a deal with the Chinese infrastructure company CITIC Pacific to develop a small portion of a large iron ore deposit in the Pilbara region of Western Australia. The agreement involves the development of...

. The company has secured access to 160 billion tonnes of iron ore reserves in the Pilbara Ranges, in remote Western Australia
Western Australia
Western Australia is a state of Australia, occupying the entire western third of the Australian continent. It is bounded by the Indian Ocean to the north and west, the Great Australian Bight and Indian Ocean to the south, the Northern Territory to the north-east and South Australia to the south-east...

. He is also the owner of the football (soccer)
Football (soccer)
Association football, more commonly known as football or soccer, is a sport played between two teams of eleven players with a spherical ball...

 team Gold Coast United FC.

In June 2002, he was appointed Adjunct Professor of Business, at Deakin University
Deakin University
Deakin University is an Australian public university with nearly 40,000 higher education students in 2010. It receives more than A$600 million in operating revenue annually, and controls more than A$1.3 billion in assets. It received more than A$35 million in research income in 2009 and had 835...

's Faculty of Business and Law, a role he held until 2006. During this time, Palmer delivered a series of lectures as part of Deakin's MBA Residential Programs.

In 2008, Palmer bought Waratah Coal.

In October 2009, Palmer made a controversial decision to cap attendances of Gold Coast United home games at Skilled Park stadium to 5,000, in a bid to save money. After widespread backlash and only 2616 fans attending the next home game, the idea was scrapped after the intervention of Football Federation Australia
Football Federation Australia
Football Federation Australia is the governing body for the sport of football in Australia. Before 1 January 2005, it was known as the Australian Soccer Association , which succeeded Soccer Australia in this role in 2003...

.
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