Australlian billionaire Clive Palmer
Image: Courtesy

Australian mining billionaire Clive Palmer has announced plans to reconstruct a full-scale exact replica of the Titanic which he notes will be his legacy project.

Interestingly, this is the mining tycoon's third bid to build the iconic ship and this time round he sounds more optimistic than the last 2 times.

Clive has promised that his Titanic II, (a replica of the doomed liner ship) will be ready to set sail within the next 3 years.


“We are very pleased to announce that after unforeseen global delays, we have re-engaged with partners to bring the dream of Titanic ll to life. Let the journey begin.


It’s going ahead, no doubt about that. Most things that I say I do, I do," the billionaire valued at 4.2 billion dollars by Forbes candidly said.

The 69-year-old billionaire suggested that in 2027 he would travel in third class in order for a full experience and mostly because he did not want people to recognize him, “I want some Irish stew with people who don’t know me. I’ll go incognito.”

Image: Courtesy

According to The Guardian, Clive Palmer made the revelations while speaking at the Sydney Opera House.


“It’s a lot more fun to do the Titanic than it is to sit at home and count my money.

All you need to be happy, I’ve found in my life, is to have someone that loves you, somewhere to sleep at night, and enough for a good meal," said the Australian detailing why he was pouring his money into recreating the ship.

The ship is approximately set to cost him 500 million dollars. That translates to about Sh68.4 billion.

His plans to reconstruct the Titanic began back in 2012, a century after the original ship struck an iceberg.

It was sidelined in 2015 due to reported financial issues; in 2018, Palmer revived the project, but the second attempt fizzled out, too.

Hopefully, this time around he will get his dream.

Read also: