THE award of $25 million to the youngest daughter of the late Perth mining billionaire Michael Wright has been slashed to $6 million after his estate appealed.
Olivia Mead, who was born from Mr Wright’s relationship with Elizabeth Anne Mead after he divorced three wives, was aged 19 in 2015 when Master Craig Sanderson of the Supreme Court of WA ruled her bequest should be increased more than eightfold.
The estate argued in the WA Court of Appeal that the $3 million Ms Mead had originally inherited was adequate for her proper maintenance. On Wednesday, the full bench of judges unanimously set aside Master Sanderson’s orders, instead awarding the 22-year-old $6.14 million.
Olivia Mead revealed her wishlist earlier this year. Source: Channel 7
READ MORE VIA NEWS.COM.AU