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Titanic II, Clive Palmer

Photo: Titanic II/Facebook; Mario Tama/Getty Images (inset)

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Clive Palmer's Titanic II

Clive Palmer, Titanic IIAustralian billionaire Clive Palmer must have been one of those people who saw James Cameron's iconic film "Titanic" multiple times. He has funded plans to build a replica of the famous, ill-fated vessel, aptly called Titanic II. It should be set to sail in 2016.

"It is going to be designed so it won't sink,'' he toldĀ the BBC.

Now where have we heard that before?