Advertisement

HindustanTimes Thu,21 Aug 2014

World

‘Titanic man’ to enter politics
Matt Siegel, Agencies
Sydney, April 29, 2013
First Published: 00:28 IST(29/4/2013)
Last Updated: 00:29 IST(29/4/2013)

An Australian billionaire who is perhaps best known for his efforts to build a seaworthy replica of the Titanic says he will use his vast fortune to form a new political party to compete in federal elections scheduled for September.

The tycoon, Clive Palmer, had been a major financial supporter of the conservative Liberal-National Party, from which he resigned last year amid quarrels about his political aspirations. Palmer says his newly minted United Australia Party, which he announced at a news conference on Friday, will be a challenger rather than a vanity project.

“I’m running to be the prime minister of Australia,” Palmer told reporters. “I am standing because I can offer better service to the community than anyone else.” Palmer owns considerable mining assets as well as a nickel refinery. NYT


Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved