A Sunshine Coast man has been granted bail after being charged with drug and property offences.

Phillip Johnathan Harrison, 29, was pulled over in a luxury sports car on Friday.

Police allegedly discovered 12 grams of ice, worth around $12,000, in the car.

He was charged with possessing dangerous drugs, possessing utensils and possession of tainted property.

The court heard Harrison admitted to police he was a recreational ice user.

A police prosecutor told the Roma Street Magistrate's Court bail was opposed on mental health grounds, because Harrison claimed to be a billionaire.

But Harrison's duty lawyer Nick Handly told the court he had checked Harrison's online banking account and confirmed he had $596 million in cash.

He also said Harrison had $1.5 billion in property.

'I own the ASX 200, I'm in control of it'

Outside court, Harrison said he told Mr Handly he had $1.2 million in property, not billion.

"My lawyer was delusional, I told him not to say it, duty solicitor not very good," he said.

"I just have to have a bit of a think about what the hell's gone on here. A lot of wrong has been done here, that's for sure."

Harrison claimed he was a billionaire.

"I didn't lie about that. It's $1.2 million in land, the rest in shares, ASX. I own the ASX 200, I'm in control of it," he said.

When asked if he had $596 million in his bank account, Harrison said he was not sure.

"It's the banks that do all the adding up, I don't really know," he said.

Harrison claimed the money came from profitable shares and from overseas sources, and his wealth had nothing to do with drugs.

"How would I make billions in drugs without being caught? My investments, my ideas in cars, apps, trade, I sold them overseas, have been for years," he said.



The magistrate ordered Harrison to surrender his passport. He is due back in court on April 18.