Why Olivia Mead's $25 million win is pocket change, really
Yesterday, a judgement was handed down in the WA Supreme Court for teenager Olivia Mead to be awarded $25 million – after the contesting of a will left by her late father, heir of mining billions, Michael Wright.
In effect, then, 19-year-old Olivia has earned more millions overnight than she has lived in actual years, and without lifting the proverbial finger.
With her pierced nose, random tattoos and vintage-style dresses, the girl who grew up in the outer suburbs of Perth – away from her estranged father (she was born out of wedlock and had been dubbed Wright’s “love child”), it would seem young Livvy would be more comfortable rallying to reclaim the streets than fighting feisty lawyers in court over millions of dollars.
Alas, she won her case – which saw her contesting $3 million dollars originally willed to her – and came up trumps. Like, trumps big-time. Over 800% more trumped-up, in fact.
As it turns out, the young Miss Mead does possess a hefty sense of taste, with her list of demands detailed in the Supreme Court earlier this month including a diamond-encrusted bass guitar worth a quarter of a million dollars, and a $1.5 million crystal-studded Kuhn Bosendorfer grand piano. Oddly enough, she also demanded $10,000 a year to spend on fashion accessories – which seems like a heck of a lot of op-shopping money. For more of her ‘fanciful’ demands, see the list below.
But it all looks like small change in the grander scheme of things. Let’s give you a quick roundup of all the moolah, and how it’s been filtered down…
Michael Wright was the co-heir of a $900 million fortune left to he and his sister Angela Bennett by their dad, Ernest ‘Peter’ Wright. Peter was the guy who co-founded Hancock Prospecting and Wright Prospecting with the late Lang Hancock. Indeed, Hancock and Wright go down in history as Australia’s most successful mining prospectors.
To add more colourful currency to Michael’s bank accounts, in 2010, he and his sister received a billion dollars from Gina Rinehart (Lang’s daughter, of course) after she was legally forced to give up 25% in the Rhodes Ridges iron ore mine in the Pilbara.
At one point, together, Michael Wright and Angela Bassett were worth an estimated $2.7 billion dollars.
In the mid-1990s, Michael had sex with a woman named Elizabeth who fell pregnant and bore Olivia out of wedlock. The “love child” grew up on the outskirts of Perth, leading a fairly humble life. Indeed, to quote the judge who handed down yesterday’s $25million finding, Olivia was “in no sense … spoilt by her father”. Given that she and her mother were drip-fed over half a million dollars over the years, though, one might beg to differ. (But then, considering the cost of living in Perth, perhaps one shouldn’t).
Anyhoo, since Michael Wright’s death, most of the estate has been distributed but there is still an exact $45, 272,231.18 remaining – which is where the $25 million lump sum will be coming from.
As for the already distributed part of the estate, while Olivia Mead might be content with her $25 million, each of Michael Wright’s two other daughters receive entitlements of up to $400 million.
Yep, the mind boggles… Antonino Tati
A LIST OF OLIVIA MEAD’S MORE ‘FANCIFUL’ CLAIMED NESSECITIES:
· A home five times the Perth median price
· $300 a week for utilities (egs: electricity, gas)
· $800 a week for food and alcohol
· $150 a week for ‘fine wine’
· $300 a week for clothing
· $10,000 a year for handbags, earrings, nose rings and other accessories
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One Response to “Why Olivia Mead's $25 million win is pocket change, really”
That will be so great if my dream will come true
Let me win $1,000,000 and change totaly my life .
Please let my dream come so true
Please let my dream come so true
$1,000,000 can change totally my life
Best Regards
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