Rich Lister deceived younger brother out of wealth, court told

Julie-anne SpragueRich List editor

Feb 10, 2020 – 4.06pm

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Lawyers for iron ore heir Julian Wright accused his older sister Angela Bennett and deceased older brother Michael Wright of deceiving him as they worked to push him out of the family’s company, which is now worth billions.

In his opening address in the Supreme Court of Western Australia, Pat Zappia, QC, said Julian Wright would never have sold his stake to his siblings for $6.8 million two years after the death of their father in 1985 had he known the significance of the mining assets held by Wright Prospecting Pty Ltd (WPPL).

Julie-anne Sprague co-edits our Rich Lists and covers entrepreneurs, wealth creation and investments. A senior journalist in our newsroom, Julie-anne has covered politics, property, agribusiness, retail and stockmarkets in both the UK and Australia.