Billionaire defends Titanic II plan

An Australian billionaire today insisted his plans to build a replica Titanic are not motivated by money.

Titanic II 'not a publicity stunt'

Clive Palmer
Clive Palmer talks to the press at The Ritz in London Credit: PA Wire

An Australian billionaire has today insisted his plans to build a replica Titanic are not motivated by money.

Mining magnate Professor Clive Palmer, spoke at a press conference at The Ritz earlier, saying "Money wasn't my primary consideration for this."

He then joked with journalists: "But it looks like, unfortunately, I'll make a lot of money out of it!"

The Queensland businessman's plans have been questioned by critics, who say the Titanic II project will never be a reality and Prof Palmer is simply trying to create headlines.

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Titanic II: "Money wasn't my primary consideration"

Clive Palmer
Australian billionaire Clive Palmer during a press conference Credit: PA Wire

An Australian billionaire today insisted his plans to build a replica Titanic are not motivated by money. Mining magnate Professor Clive Palmer, who wants his Titanic II passenger liner to sail from Southampton to New York in three years, rubbished claims that it is a publicity stunt.