Clive Palmer’s journey into business

Clive Palmer made his fortune in Gold Coast, Queensland, Australia. Relying on the real estate industry in his early years, Clive Palmer already had a fortune of US$35 million at the age of 29.

In July 2009, Palmer bought a nickel refinery that was losing money at the time. After 16 months of operation, he completely changed the face of the factory and greatly increased its output. Palmer said his secret was to raise wages on a large scale for the more than 800 workers at the factory. But raising wages is obviously not a panacea.

Clive Palmer also invested in the Australian football team Gold Coast United, but the Australian Football Association issued a statement on March 29, 2012, announcing the official cancellation of the Australian A-League team Gold Coast United. The team's league registration qualifications, because Palmer has repeatedly criticized the management mechanism of the Australian A-League. He described the Australian League One as "child's play" and ignored the warnings of the Football Association and printed the words "Freedom of Speech" on the jersey during the league. Palmer's interests include multiple coal and iron ore mines, a nickel refinery, golf courses, hotels and even a local professional football team on the Gold Coast. But in the shipping industry, Palmer still seems to have a blank slate. According to Palmer, the newly built "Titanic II" will be operated by his newly created Blue Star Line.

Palmer seems to be finding a new way to make money, but many people don't think so. In the eyes of the Australian media, he "somewhat likes to talk big" and once invested in a football team to attract attention. However, rebuilding the Titanic this time may require him to spend at least US$500 million. Can he afford it? Therefore, more people believe that his reconstruction of the Titanic is still a hype, just to build momentum for his election as a member of Parliament. Another view is that his mining industry still needs an investment of US$6 billion to US$8 billion to put into production. "This series of actions are all ways to increase global visibility." Palmer often talks about living in China as a child and meeting Puyi, but that doesn't help much in his business with China.

Since 2008, when he planned to bring his company's source resources to Hong Kong, China, for listing, this "marriage" has not been successful so far.