Clive Palmer Net Worth: All About Clive Palmer’s New Trump-Inspired Political Party

Australian billionaire Clive Palmer is no stranger to making headlines. At 71 years old (born March 26, 1954), the mining magnate and political disruptor has once again stepped into the national spotlight with the launch of his latest political venture: the Trumpet of Patriots party.

This new party, which Palmer openly admits is inspired by former U.S. President Donald Trump, aims to “drain the swamp” in Canberra, reflecting Trump’s long-standing rhetoric on cutting government spending and shaking up the establishment. With a federal election just months away in 2025, Palmer is making bold moves that could shake up Australian politics once again.

Clive Palmer’s Political Comeback

Palmer is no stranger to politics. He previously led the United Australia Party (UAP) and served as a lawmaker in Australia’s House of Representatives from 2013 to 2016. Despite spending a staggering A$100 million on campaigning during the last federal election, his UAP only secured one Senator in the upper house.

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However, his failure to register UAP in time for the 2025 election left him scrambling for another avenue—hence, the launch of Trumpet of Patriots.

“We think Donald Trump’s been very effective in reducing public expenditure,” Palmer told reporters during the party’s launch. “That’s what we need here in Australia.”

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What Does Trumpet of Patriots Stand For?

Palmer’s new party is doubling down on right-wing populist policies that echo many of Trump’s talking points in the U.S. Among the party’s key positions:

• Drastic reductions in government spending
• A strong stance against mass immigration
• Recognition of only two genders
• Economic policies aimed at reducing taxes and regulation

The party plans to contest all 150 seats in Australia’s lower house, as well as run candidates in the Senate, making it a nationwide political force—at least on paper.

Clive Palmer’s Wealth and Influence

With an estimated net worth of $2.1 billion (according to Forbes), Palmer is ranked Australia’s 18th richest person. His wealth primarily stems from mining, particularly his investments in iron ore, coal, and nickel. But unlike many of his billionaire peers, Palmer has chosen to throw his money into political campaigns and media battles, often with mixed results.

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His deep pockets allow him to run aggressive advertising campaigns, making him a formidable force despite not being part of Australia’s traditional political establishment.

Family and Personal Life

Beyond business and politics, Palmer leads a relatively private personal life. He has been married twice. His first wife, Susan Palmer, passed away in 2006 after a long illness. In 2007, he married Anna Palmer, with whom he shares two children. Palmer also has two older children from his first marriage.

Despite his political ambitions, Palmer is known for enjoying a lavish lifestyle, which includes his plans to build Titanic II, a full-scale replica of the ill-fated ship. While the project has yet to set sail, it is a testament to his grand ambitions and larger-than-life persona.

Will This New Party Gain Traction?

The Trumpet of Patriots party is entering a crowded and volatile political scene. With Prime Minister Anthony Albanese yet to announce an exact election date—though it could be as early as March—Palmer doesn’t have much time to gain momentum.

Given the cost of living crisis and economic concerns in Australia, there may be an appetite for an anti-establishment, populist message. However, Palmer’s previous political failures, combined with his controversial reputation, make it uncertain whether this new venture will resonate with voters.

What do you think? Will Clive Palmer’s new party gain traction? Let us know in the comments!