Angela Bennett Biography & Net Worth 

Popular Name: Angela Bennett
Real Name: Angela Bennett
Birth Date: 1943
Birth Place: Australia
Age: 79
Gender: Female
Nationality/Citizenship: Australian
Height: N/A
Weight: N/A
Sexuality: Straight
Marital Status: Married
Spouse(s): N/A
Children: 7
Profession: Businesswoman
Years active: N/A
Net Worth: $2 Billion
Last Updated: 2022

Angela Bennett is a successful businesswoman and heiress who is considered the second-wealthiest woman in Australian, behind only mining magnate Gina Rinehart on Forbes magazine’s Australia Richest Women’s list. The daughter of Peter Wright, co-founder of Wright Prospecting, Ms. Bennett headed her father’s company for many years until she resigned from her roles due to poor health. More details follow below.

Early Life

She was born into the family of Peter Wright and his wife, whose name isn’t known in the media. After the death of her father, his company, Wright Prospecting, was handed over to Angela and her brother Michael Wright, who died in 2012 and his own share of the company was handed over to his three children.

Professional Life

Known to be highly reclusive, Angela Bennett, Australia’s second-richest woman, is best known as a mining magnate and iron ore heiress, who inherited a vast swathe of mining assets from her late father, Peter Wright, founder of the mining conglomerate Wright Prospecting.

She is listed alongside three others, including Gina Rinehart and Visy packaging heiresses Heloise Waislitz and Fiona Geminder as the wealthiest and most powerful women in Australia.

Her late father, Peter Wright, was a business partner of Gina Rinehart’s late father Lang Hancock, and together the two men kicked off the beginnings of their mining boom through deals with Rio Tinto during the 1950s. Hancock was the outspoken pioneer accredited with discovering the largest iron ore deposit on the planet, but Wright, the quieter one, was behind the scene bankrolling the venture in a deal that was sealed by trust and fate maintained between the two school friends.

It isn’t surprising that their daughters would be similarly divided by their disposition to be in the public eye. While Gina Rinehart has been the subject of both an unflattering miniseries and a probing biography, Angela Bennett has managed to avoid the spotlight. But the two women have a lot in common, including having inherited massive wealth from their iron ore mining pioneer fathers, and legal disputes with their offspring, and with each other.

Personal Life

Ms. Bennett likes to stay anonymous. She prizes her anonymity so highly that she reportedly owns the copyright on pictures of an empty staircase at her former home on Perth’s Swan River. She has been nicknamed “the night parrot” of Australia’s rich list, referencing the elusive and mysterious bird believed to have been extinct for much of the last century. There are hardly any images of her on the internet, not even on Wikipedia, where her profile is represented with a picture of Gina Rinehart.

She is the mother of the businessman Todd Bennett.

Her former Mosman Park home broke records in 2009 when it sold for $57.5 million. She reportedly moved into a “cheaper” $8 million luxury penthouse and purchased a $30 million luxury yacht.

Bennett has fought a lot of inter-family legal battles over the years. Her niece and nephew sued for an 11 percent share in Wright Prospecting in a dispute that was eventually settled out of court for an undisclosed sum suspected to be as high as $65 million.

In 2015, her son Grant Bennett declared himself bankrupt after she declined to bail him out of a failed deal that left him incapable of securing funds to complete a $17 million farm purchase.

Her brother Julian Wright, who, in 1987, sold his one-third stake in the family business for $6.8 million, recently launched legal proceedings alleging that his sister swindled out of his birthright. The value of his former share in the company is now estimated in the several billions. Fairfax Media reported that Julian Wright accuses his sister and late brother Michael of “fraudulently misrepresenting” the value of their father’s company when he took his share. Angela Bennett’s spokesman dismissed the allegation as a baseless attempt to engineer allegations of indecorous conduct to force a financial settlement.

Angela Bennett Net Worth

Angela Bennett’s net worth is pegged at $2 billion dollars. She accumulates her wealth annually from the proceeds of Wright Prospecting and the Hamersley iron ore royalty.

A former executive at her father’s company Wright Prospecting, Mrs. Bennett stepped down from her board member role at the company due to poor health, and her seat was taken over by her late brother’s daughter.

Angela and Michael never did much with their cash over the years. They remained mostly under the radar and let professional advisors play the main roles in running the company. In spite of that, the family is still considered one of the wealthiest Australian families to date.

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