Clive Palmer
Source of wealth: Mining
...
...
The scale of their wealth
Health
The price of life
Let's compare Clive Palmer's fortune with the healthcare spending of a massive country
Clive Palmer could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 1.8 years.
But even if we compare their fortune with that of a rich country
On the other end, Clive Palmer could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.8 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Clive Palmer could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 1.2 years.
And yes, we can also compare it with a rich country
But they couldn't just cover the cost of a poor country; Luxembourg is considered the country with the highest per capita investment in education in the world, and Clive Palmer could pay for it entirely for 1.6 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Clive Palmer could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 6.8 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Clive Palmer with Israel, the country that invests the most per capita in research in the world, they could cover the total cost of the system for 0.2 years.
Gold
Everyday luxuries
Clive Palmer's fortune is equivalent to 28 tons of gold. It's hard to process, since we don't usually keep a handful of gold bars in our piggy banks.
A standard gold ring usually weighs between 4 and 7 grams. Let's say this one weighs 5 grams. It's usually 18 karats.
Based on today's gold price (excluding the jeweler's commission, shipping, or anything else), that ring would be worth $546.86.
Clive Palmer could buy 7,409,933 gold rings. That's a lot of fingers and way too many gifts!!
And if you're struggling to visualize that many rings, it would take 1 trucks to transport them. Although Clive Palmer will almost certainly have enough money left over to pay for the gas.
Biography
The ebullient resources player and former member of the Australian Parliament, Clive Palmer became a billionaire in 2019.
His fortune soared after a court ordered a flow of iron ore royalties to his company, Mineralogy, to resume.
He started Mineralogy in 1984 and has built a portfolio of iron ore, thermal coal and hydrocarbon assets.
He also owned Queensland Nickel, which operated a nickel-and-cobalt refinery, but the company collapsed in 2016.
Palmer is engaged in litigation with several parties, including Australia's corporate regulator, the Australian Securities and Investments Commission.
Financial Assets
Financial assets information not available.
Monthly wealth history
Fortune comparison
Historical data not available for comparison