From the AFR today:
…In addition to 40 subsidiaries under his Mineralogy business, Mr Palmer listed six businesses and their associated subsidiaries involved with nickel mining, the Coolum hotel resort in Queensland, and another 26 private companies with intriguing names like Elect the President Pty Ltd and Deng Xiaoping Memorial Challenge Pty Ltd.
There are also nine overseas companies, including one each in the British Virgin Islands and Belize, which are known for their low taxes and generous treatment of offshore bank accounts.
…The Palmers’ property portfolio…includes houses and apartments in Brisbane, the Gold Coast, the Sunshine Coast and Sofia, Bulgaria.
There are commercial buildings including a restaurant in Brisbane, the Gold Coast, Jandowae and a Port Douglas golf course in Queensland. In Bora Bora in French Polynesia, the Palmers own more land and buildings.
There are also planes, trains and automobiles but one doesn’t need to get past line one to see the conflict as his party prepares its votes on carbon and mining taxes.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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