Tue. Feb 11th, 2025

Controversial Australian Billionaire Clive Palmer Sues Government for $200 Billion<!-- wp:html --><p>REUTERS</p> <p>A <a href="https://www.thedailybeast.com/anti-vax-aussie-billionaire-clive-palmer-is-a-wannabe-trump-on-steroids">combustible Australian billionaire</a> is intensifying his war against the Aussie government, seeking nearly $200 billion in damages over a longstanding mining dispute.</p> <p>The billionaire, 69-year-old Clive Palmer, controls the company that filed the claim—Zeph Investments, which is headquartered in Singapore. The battle traces back to 2012, when authorities in Western Australia blocked his firm’s iron ore proposal. Palmer’s company sought to revive the matter through arbitration, but the effort failed in court. The $200 billion gambit marks a second stab at getting the government to pay.</p> <p>News of the massive claim was earlier <a href="https://www.theguardian.com/australia-news/2023/mar/30/clive-palmer-christian-porter-300bn-lawsuit-against-australian-government">reported</a> by <em>The Guardian</em>.</p> <p><a href="https://www.thedailybeast.com/controversial-australian-billionaire-clive-palmer-sues-government-for-dollar200-billion">Read more at The Daily Beast.</a></p><!-- /wp:html -->

REUTERS

A combustible Australian billionaire is intensifying his war against the Aussie government, seeking nearly $200 billion in damages over a longstanding mining dispute.

The billionaire, 69-year-old Clive Palmer, controls the company that filed the claim—Zeph Investments, which is headquartered in Singapore. The battle traces back to 2012, when authorities in Western Australia blocked his firm’s iron ore proposal. Palmer’s company sought to revive the matter through arbitration, but the effort failed in court. The $200 billion gambit marks a second stab at getting the government to pay.

News of the massive claim was earlier reported by The Guardian.

Read more at The Daily Beast.

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