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Clive Palmer Net Worth

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Clive Palmer's Net Worth as of 2024
$550 Million

Born Clive Frederick Palmer on the 26th March 1954, in Footscray, Victoria Australia, he is a businessman and ex-politician, best known to the world as the founder and owner of the mining company Mineralogy. Also, he started the Palmer United Party and served as its Chairman from 2013 until 2017 when it was disbanded.

Have you ever wondered how rich Clive Palmer is, as of mid- 2017? According to authoritative sources, it has been estimated that Palmer’s net worth is as high as $550 million, earned through his career as a businessman, which started in the early ‘70s. However, nickel’s price decline recently means that his quoted net worth is certainly an estimate.

Clive Palmer Net Worth $550 Million

Clive grew up in Williamstown, where he lived until 1963 when he and his family moved to Queensland. He went to Southport State High School, after which he enrolled at the University of Queensland, where he studied law, journalism, and politics, however, he never graduated – instead, he obtained a Diploma of Law through the Queensland Bar Board. Soon after he obtained his diploma, Clive started working as a clerk and interviewing officer for the Public Defender’s Office.

He then ventured into the mining industry, starting Mineralogy in 1984, and since then has developed the firm into a mining conglomerate, comprising also Palmer Nickel and Cobalt Refinery, and Queensland Nickel, which he bought out from BHP Billiton. Unfortunately, starting in 2015, the firm has been in a crisis due to nickel’s price decline, but also less than wise decisions involving tourist resorts and a soccer club. As of mid-2017, he is under investigation for business malpractice in association with Queensland Nickel.

In 2008 he made a buyout offer for the Gold Coast United soccer club, and became its owner. During his tenure as chairman, Clive instituted several controversial decisions, including the one to limit attendances to only 5,000. He made several rules breaches which resulted in the taking of the license from the Gold Coast United. Angry at the Football Federation Australia, Clive started a league on his own, called Football Australia, however, the league was never made official, and soon after its creation it folded.

Aside from business, Clive also has also been a politician; in the ‘70s he was one of the integral parts of the divide between South Australian conservatives. He was a part of the National Party of Australia from 1974 until 2008 when he joined the Liberal National Party of Australia. Then in 2013 he started his own party, Palmer United, and from 2013 to 2016 held the position as the member of the Australian Parliament for Fairfax. He dismissed the members of the party in 2017, as he decided to retire from politics, and in any case had lost all parliamentary seats..
Clive held the position of adjunct professor of business at Deakin University’s Faculty of Business and Law from 2002 to 2006, while from 2008 he has been serving as adjunct professor of management at Bond University on the Gold Coast.

He opened a Dinosaur Park named Palmersaurus at the Palmer Coolum Resort in Queensland; the park features more than 160 animatronic dinosaurs. Also, he announced that he is working on building the Titanic II, a replica of the original ship that sailed across the ocean but sank on its maiden voyage. Unfortunately, as of 2016, the project has been canceled.

Regarding his personal life, Clive has been married to Anna Topalov since 2007; the couple has two children together and on the Sovereign Islands, although the property is now for sale.

Previously, he was married to Susan Palmer from 1983 until 2005 when she died, with whom he also has two children.

Clive owns houses in Sofia, Bulgaria, and in several other locations in Australia.

Clive is known for his philanthropic activities; he donated a house, food and a car to survivors from the Beenleigh fire, who lost their son in the mentioned accident. Also, on Christmas Day back in 2012, Clive held a buffet lunch for more than 600 disadvantaged people, the majority of whom were children and their families.

As the Managing Editor at Net Worth Post, I lead a talented team in delivering compelling content on the lives and achievements of influential figures. With a keen eye for detail and a passion for storytelling, I oversee the production of insightful biographies that resonate with our audience. My role involves not only managing the editorial process but also conducting research, crafting engaging narratives, and ensuring the accuracy and quality of our publications. At NetWorthPost, we strive to provide our readers with in-depth profiles that offer valuable insights into the worlds of business, entertainment, and beyond. Through meticulous research and captivating storytelling, we bring to light the remarkable journeys and successes of individuals who inspire and captivate us.

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Businesspersons

Charles Saatchi Net Worth

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Charles Saatchi is one of the richest and best known businessmen in the world and one of many millionaires. Saatchi’s overall net worth has been stated to be $100 million for 2014. Charles Saatchi was born in Baghdad, Iraq, but later had to move together with his family to London, UK to avoid the persecution of Jews in his home country. He was the second son in the family of four kids. As a teenager Charles was really interested in American pop culture and studied at the London College of Communication. After graduation he began his professional career as a copywriter working for “Benton & Bowles” and later started to work in tandem with an art director, Ross Cramer, and together they formed their own company called “CramerSaatchi”.

Charles Saatchi Net Worth $100 Million

They were successful and took-on employees John Hegarty and Heremy Sinclair, but true success came to Charles later. In 1970 Charles Saatchi started his business together with brother Maurice: they established “Saatchi & Saatchi” agency which had become the largest advertising agency in the world by the mid-80’s with just a huge number of high-profile clients like UK Prime Minister Margaret Thatcher and British Airways. However, Charles and Maurice left the agency and together founded another one called “M&C Saatchi”. They took many of their important clients with them, and one of these was British Airways. Nowadays, thanks to his prosperous business, Charles Saatchi has a net worth of $100 million dollars.

To the rest of the world Saatchi is also known as one of the most famous modern art collectors. He purchased his first art work in 1969 –  by Sol LeWitt,  a minimalist from New York. His passion for paintings only grew, and in 2009 he even published the book “My Name Is Charles Saatchi And I Am An Artoholic” wherein the author answered many questions and even gave some advice about collectibles. But the book didn’t become as popular as Saatchi expected, so the author asked his personal assistant to buy a huge number of books to help his work hit some positions in bestseller charts. Later in 2009 Saatchi appeared on the BBC program “School of Saatchi” and gave many young artists a perfect opportunity to show their talent and showcase artworks: some artists even painted portraits of Saatchi himself. In July 2010 Charles Saatchi donated his Saatchi Gallery to the British public together with 200 works of art.

Saatchi’s personal life has never been very public, but he married his first wife in 1973. He had met Doris Lockhart Dibley in 1965 while working for “Benton & Bowes”. The couple lived together for the six years before marrying, but divorced in 1990.  Saatchi’s second wife was Kay Hartenstein to whom he was married from 1990-2001, and they even had a daughter together. Then Saatchi married for the third time in 2003, to English journalist, food writer, gourmet and television personality Nigella Lawson, but after public disagreements, were divorced 2013.

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Businesspersons

Mikey Teutul Net Worth

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Michael Joseph was born 26 November 1978, in Montgomery, New York State USA, and widely known as Mikey Teutul, is a reality television personality, the youngest son of Orange County Choppers founder Paul Teutul, Sr. Mikey began his working life at 14, in the family business.

So just how rich is Mikey Teutul, as of late 2017? Authoritative sources estimate that Mikey has a net worth of over $3 million dollars, largely earned  by working at his father’s and older brother Paul Jr,’s company Orange County Choppers (OCC), and Orange County Iron Works, and through his TV appearances.

Mikey Teutul Net Worth $3 Million

Little is known of Mikey’s early life or education – it seems to have always revolved around the family business. Helping out his family in his teens, theoretically he worked as Assistant General Manager. but his main duties were to answer ‘phones, and clear-up and take out the trash. He was on rare occasions given the chance to build bikes, until he was competent to build his own. He also attended events for promoting OCC.

In 2002, the family was invited to take part in a reality show, Discovery Channel’s “American Chopper”, and subsequently “American Chopper: Senior vs. Junior”, in the course of which the youngest son was thrown out of the business – the middle son is Daniel, and younger sister Cristin. The reason for Mikey’s exclusion was  that Mikey tried to be a mediator between his father and his brother, but his father seemed to be offended that his younger son did not take his side, and so threw him out of the business. During the filming of the show, Mikey was somethoing of a comedy relief to his father’s workers, and that comedy streak helped gain him popularity in TV shows. Mikey then joined his brother’s post-OCC venture, -Paul Jr  Designs – along with most of their father’s employees; obviously the work atmosphere with Paul Teutul, Sr. was not a particularly happy one. Mikey’s eldest brother Paul  Jr. was the former chief fabricator of OCC.

So actually the main source of Mikey Teutul’s wealth is not his father’s business, but the shows he eventually took part in. These have included ‘The Late Show with David Letterman”, “Late Night with Conan O’Brien”, and also “The Tonight Show” with Jay Leno. The shows became very popular and Mikey’s appearances earned him a significant amount of money. To say the least, the family drama did not go without consequences – according to rumours, Mikey Teutul was suffering from an addiction problem, and consequently admitted himself to rehab, and managed to overcome the bad habits which were apparently hindering his progress in life, obviously including business.

In his life away from the businesses already referred to and the limelight of TV, Michael loves to paint, and is apparently respected for his productions, as he opened “The Wolfgang Gallery” gallery in Montgomery, New York, where he has sold or auctioned his paintings, adding somewhat to is net worth, although rumours suggest that the gallery may now be closed. Most recently, Mikey is now trying to enter the market under the moniker LLC FarQueue Products with his line of gourmet pasta sauces. Good luck, Mikey!

In his less-than-private personal life, Mikey is apparently still single – there aren’t even any rumours of romantic liaisons.

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