Clive Palmer, who is standing in next month's Australian election after founding his own political party this year, said the vessel -- which will resemble the original as closely as possible -- was never designed to make money.
"It was meant to just be a recreational thing that we're doing for the benefit of the world but it's going to be very profitable," the 59-year-old, who has made his money from real estate, mining and tourism, told AFP in an interview.
"I'm sick of people telling me what I can't do. So far I haven't found anything I can't do."
Palmer's Titanic II will feature modern modifications but try to remain as true as possible to the original, which went down after hitting an iceberg in 1912. He said construction would begin next March in China.
He denied that his political ambitions at the September 7 polls -- in which his Palmer United Party is fielding more than 150 candidates -- would meet the same fate as the supposedly unsinkable liner.
"You look at the past and I'll look at the future," he said, adding that the romance of the project and the courage of those aboard the Titanic could not be denied.
"We've all been in love, I've been in love, I'm in love at the moment," he said.
"And by taking Titanic II, by recreating that... We've built it with a concept of love that we all want. And that's what's common to man -- in China, in Europe and the United States. And that's why it has got such universal appeal.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
