Michael Wright’s youngest daughter’s inheritance cut from $25m to $6.14m after court initially increased it eight-fold

Olivia Mead, a millionaire heiress whose list of expenses included a $1.2m crystal-encrusted grand piano and $2,000 annual upkeep of her pet axolotl, has had her inheritance cut from $25m to $6.14m following an appeal from her deceased father’s estate.

The 22-year-old is the youngest daughter of the Perth mining billionaire Michael Wright, whose father, Peter Wright, was a business associate of the late Lang Hancock. He was worth $2.7bn upon his death in 2012.

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