Clive Palmer, 69, first launched plans for Titanic II in 2012, then again in 2018 He admitted he has not yet secured a shipyard to begin construction The ship is set to weigh around 56,000 tonnes ...

Palmer estimated that Titanic II would cost anywhere between $500 million ... Palmer is currently the 731st richest person in the world and 13th in Australia, according to Forbes.

IT WAS an ill-fated voyage the first time around, but the SECOND Titanic is expected to stun guests when the EXACT replica sets sail in 2018.