26 Apr 2013

Australian tycoon sets sights on becoming PM

9:14 pm on 26 April 2013

Australian mining tycoon Clive Palmer has announced he will stand for a Queensland federal seat in September's election, declaring he wants to be the prime minister.

The flamboyant businessman - who is also behind a plan to build a replica of the Titanic - floated his latest idea at a Brisbane news conference on Friday.

Mr Palmer says his new United Australia Party would contest every seat across the country - but so far he is the only candidate, the ABC reports.

The billionaire says he is forming the political party because it is time for Australia to claim back itself.