Clive Palmer money and connections make him a force to be reckoned with in Queensland. Author Sean Parnell meetings mining Mogul tomorrow Weekend Australian Magazine. Here's an excerpt: Palmer likes some aspects of his life to remain a mystery. Few self-image made billionaire, mining magnate and hope political king maker started in Australian politics or business, and it is a healthy dose of big talk and brag, but to mention something personal, and he ducks and weaves faster than when he ran around the footy area as a teenager Winger for Southport Tigers Rugby League team.
Brw last year estimated his personal wealth at $ 1.5 billion. (Palmer says the figure is too conservative and claim a fortune of $ 6.5 billion, which would make him the country's richest man).
His private company, mineralogy, owns about 160 billion tons of iron ore reserves in the Pilbara, can have a big surplus in the coming decades, but the Chinese demand is slowing because of the global economic crisis. At the end of last year, at the invitation of his 18-year-old son, Michael, Palmer seized control of the Queensland-based company Waratah Coal, which has huge, undeveloped thermal coal resources in the Galilee basin. "I only had to look at the numbers with Michael, see what they can do and decide, yes, we can do it in about three minutes," Palmer gloats.
No comments:
Post a Comment