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Mining heiress wins $25m battle

ABC

ABC

The daughter of late iron ore heir Michael Wright has been awarded $25 million in a challenge to her father’s will, but as part of the settlement will have to relinquish her claim on the family trust.

Olivia Jacqueline Mead argued in a December 2012 submission to the Supreme Court of Western Australia that she had been left without adequate provision for her proper “maintenance, support education or advancement in life” from her father’s estate.

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The court had earlier heard she was entitled to a home five times the Perth median price, filled with “luxury furnishings”, as well as $300 a week for utilities.

The 19-year-old university student was also seeking $800 a week for food and alcohol, $150 a week for fine wine and $300 a week for clothing.

She sought a further $10,000 a year for handbags and other fashion accessories including scarves and headbands.

She was claiming for two pairs of Tiffany and Co sunglasses each year.

Ms Mead was also seeking a diamond-encrusted bass guitar, worth $250,000, in a model that is considered the world’s most expensive.

The court gasped as the decision was handed down and Ms Mead put her head in her hands.

The court had been told Ms Mead was left a trust fund with $3 million in it that she could access when she is 30 years old.

Mr Wright died in April 2012 at age 74.

He was the son of Peter Wright, who was Lang Hancock’s business partner.

Michael Wright also owned the winery Voyager Estate in Margaret River.

His grandfather, Canon McClemans, founded Perth’s prestigious Christ Church Grammar School.

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