Clive Palmer No Longer A Billionaire?

GOLD Coast resident and maverick Federal MP Clive Palmer may no longer be a billionaire.

According to the Sunday Mail’s Queensland Rich List the mining magnate has seen his wealth plummet around $1 billion dollars.

The falling value of coal deposits and a range of legal battles are believed to be contributing factors.


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It still leaves him in fifth spot on the list though, with an estimated worth of around $932 million.

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