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This Daughter’s Payout From Her Billionaire Dad’s Estate Has Been Challenged

He was a mining billionaire

Pilates lessons until the age of 97 and enough money to purchase 20 pairs of $300 shoes every year were on Olivia Mead’s wishlist of items needed for her future after her father’s passing.

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Ms Mead is the youngest daughter of Perth mining billionaire Michael Wright. She was awarded $25 million in 2015 after his death in 2012, news.com.au reports.

https://twitter.com/westaustralian/status/728062098882727936/photo/1

Her wishlist also included a crystal-studded grand piano (valued at $US1.2 million) a diamond-encrusted bass guitar and upkeep for the four children she planned to have.

But Ms Mead is now facing a challenge to her inheritance by Mr Wright’s estate in a Western Australian Court. 

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The estate’s lawyer, Jane Needham, told the court a $3 million inheritance was more than “adequate” for the daughter’s future, ABC News reports.

Justice Michael Buss added that some of the items Ms Mead requested for her upkeep were “just silly”.

However, Ms Mead’s lawyer insists the amount is fair. 

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“It is a large result but it’s minimal compared to the size of the estate,” he explained.

News.com.au notes that Ms Mead’s two half-sisters received most of their father’s estate, equating to about $400 million each.

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