Early Life and Education
Clive Frederick Palmer was born on March 26, 1954, in Footscray, Victoria, Australia. He spent his early years in Williamstown before his family moved to Queensland in 1963. He attended Aquinas College and Southport State High School on the Gold Coast, also spending a short time at Toowoomba Grammar School. From 1973 to 1975, Palmer studied law, journalism, and politics at the University of Queensland but did not complete his degree. He later obtained a Diploma of Law.
Rise to Success
Palmer's career began in real estate in the early 1980s, where he achieved significant success during the Gold Coast property boom. In 1984, he founded Mineralogy, which acquired iron ore deposits in Western Australia. In 2006, he leased his iron mines to CITIC Ltd. He also acquired Waratah Coal in 2008 and Queensland Nickel in 2009.
Key Business Strategies
Palmer's business strategy has centered on acquiring and developing mining assets. He focused on iron ore exploration and development through Mineralogy. He signed a deal with CITIC Pacific to develop a portion of a large iron ore deposit. He also expanded his holdings into coal and nickel refining. He is known for high-profile legal disputes, which are a prominent aspect of his business dealings.
Philanthropy
Clive Palmer has been involved in various philanthropic activities throughout his career.