What did Clive Palmer buy for $80m election spend


Via The Australian:

Billionaire Clive Palmer spent more than $80m on his fruitless bid for political power while fighting numerous legal battles, establishing a shipbuilding business in Singapore and exploring for rare earth metals in New Zealand.

The revelations of Mr Palmer’s spending spree and business ­activities is contained in the latest financial accounts for his Mineralogy International private ­company.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. 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.