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Secret Lives of the Super Rich

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8. You’re building an exact replica of the Titanic

Australian billionaire Clive Palmer says he is building a full-size

, he calls it Titanic II. He's not saying how much he'll spend, but based on the size and amenities, CNBC Wealth Editor Robert Frank estimates it has to cost at least $600 million to build such an enormous ship. Our cameras were at the press conference when Palmer announced he's had 16 people offer to pay between $750,000 and a million dollars to get on board the maiden voyage. And for the lucky few who set sail on Titanic II, Palmer said the ticket price includes period costumes.

Image source: Clive Palmer