Political system sees introduction of new Australia political party backed by billionaire | Democracy, elections and voting at Democracy Chronicles

Titanic tycoon launches political party in Australia

Australian billionaire Clive Palmer, the tycoon who is building a replica of the ill-fated Titanic, on Friday announced he was forming a political party and would run in this year’s elections. The flamboyant mining magnate was a longtime supporter of the opposition Liberal-National coalition.