Billionaire says ‘it’s a lot more fun to do the Titanic than it is to sit at home and count my money’

The billionaire mining magnate Clive Palmer has vowed to build a vessel “far, far superior than the original” as he unveiled designs for his Titanic II project – again.

Palmer hired a room at Sydney Opera House on Wednesday to let the world know his vision of building a to-scale replica of the doomed ocean liner would finally come to be.

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