What is Angela Bennett's Net Worth?
Angela Bennett is an Australian heiress and businesswoman with a net worth of $2.3 billion. As the daughter of Peter Wright, the co-founder of Wright Prospecting, she has inherited a significant fortune and leads her father's business empire. Her role at Wright Prospecting has made her a key figure in Australia's iron ore industry.
Each year, Bennett earns millions from the Hamersley iron ore royalty, contributing to her substantial net worth. However, due to health issues, she has stepped down from her position on the company's board. Her niece, the daughter of her late brother Michael Wright, who passed away in April 2012, has taken over Angela's board seat.
In 2010, Angela and her brother Michael were listed with a combined net worth of $2.3 billion. However, the decline in iron ore prices has since halved that amount. Remarkably, Angela and Michael did not actively manage their wealth, leaving no clear leader in the next generation. Michael's passing left his half of the fortune to his three children, who now rely on professional advisors to manage the company.
Despite the challenges, Angela Bennett remains the second richest woman in Australia, next to Gina Rinehart. The family has also become more proactive in seeking new mining and property-investment opportunities, ensuring that the legacy of Wright Prospecting continues to thrive.
