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Billionaire accused of fraud in family fight for iron ore fortune

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The brother of billionaire iron ore heiress Angela Bennett has suffered a legal setback on the eve of a Supreme Court trial where he has accused her of fraud and is seeking to recoup a huge piece of the family's vast fortune.

Perth businessman Julian Wright alleges Ms Bennett and their deceased brother Michael Wright duped him out of a one-third stake in Wright Prospecting and decades of iron ore royalties after the death of their father Peter Wright in 1985.

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Brad Thompson writes across business and politics from Western Australia for The Australian Financial Review. Brad is based in our Perth bureau. Connect with Brad on Twitter. Email Brad at brad.thompson@afr.com

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    Original URL: https://www.afr.com/companies/mining/iron-ore-heiress-listed-as-witness-in-billion-dollar-fraud-case-20200209-p53z2h