Clive Palmer's $40 million superyacht runs aground in Singapore
Allanah Sciberras
A $40 million super yacht owned by mining magnate Clive Palmer has run aground off the coast of Singapore.
The luxury vessel, named Australia, got stuck late yesterday afternoon near Sentosa Island after appearing to have collided with a reef during low tide.
Palmer bought the vessel in 2021, which features multiple bars, a VIP suite, jacuzzi and two sundecks.
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A $40 million super yacht owned by mining magnate Clive Palmer has run aground off the coast of Singapore. Nine
Clive Palmer's yacht in Sydney in February 2022. 9News
Palmer is one of Australia's most high-profile billionaires.
It's unclear if the mining magnate is onboard.
More to come ...
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