Another day, another Clive Palmer stunt and/or scandal. He’s either headed to parliament or the slammer. Perhaps there’s no difference.

Seems the loveable billionaire put his foot down in January, clocking 87km/h on one Gold Coast street — 27km/h over the limit. Now he’s putting his foot down on paying the $333 fine.

The Gold Coast Bulletin reports:

“The State Penalties Enforcement Registry is chasing Mr Palmer, demanding he pay up. Legal sources say he could be jailed if he continued to refuse to pay the fine.

“It is understood Mr Palmer is trying to contest the fine, despite the 28-day appeal period having lapsed.”

Our Clive spends more on lunch than the speeding fine he could have just paid. But his wealth has diminished over the last 12 months. James Thompson from our sister site SmartCompany — and a former BRW Rich List editor — calculates the mining magnate may only be half the man he was, with his estimated worth of $2.3 billion well down on the $5 billion claimed last year. He’s likely to feature in BRW‘s top 10 richest when it’s announced on Thursday.

Still, there’s plenty in the kitty. Enough for a series of billboards in the electorate of Lilley, where he wants to unseat Treasurer Wayne Swan. “Together we can achieve the extraordinary,” a beaming Clive bellows from the garish yellow campaign ads.

Source: The Courier-Mail

With $2.3 billion in the bank, Clive can achieve just about anything.

Peter Fray

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Peter Fray
Editor-in-chief of Crikey