Article 38NJW Olivia Mead's $25m inheritance slashed after appeal from mining billionaire's estate

Olivia Mead's $25m inheritance slashed after appeal from mining billionaire's estate

by
Calla Wahlquist
from World news | The Guardian on (#38NJW)

Michael Wright's youngest daughter's inheritance cut from $25m to $6.14m after court initially increased it eight-fold

Olivia Mead, a millionaire heiress whose list of expenses included a $1.2m crystal-encrusted grand piano and $2,000 annual upkeep of her pet axolotl, has had her inheritance cut from $25m to $6.14m following an appeal from her deceased father's estate.

The 22-year-old is the youngest daughter of the Perth mining billionaire Michael Wright, whose father, Peter Wright, was a business associate of the late Lang Hancock. He was worth $2.7bn upon his death in 2012.

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://feeds.theguardian.com/theguardian/world/rss
Feed Title World news | The Guardian
Feed Link https://www.theguardian.com/world
Feed Copyright Guardian News and Media Limited or its affiliated companies. All rights reserved. 2024
Reply 0 comments