Early Life
Angela Bennett was born circa 1943 in Australia. She is the eldest adopted daughter of Pauline McClemans and Peter Wright. Her father, Peter Wright, co-founded Wright Prospecting with Lang Hancock. Bennett grew up within a family deeply involved in the mining industry, which provided her with a unique perspective and understanding of the sector from a young age. The family's involvement in the Pilbara iron ore operations laid the foundation for their wealth.
Rise to Success
After her father's sudden death in 1985, Angela Bennett, along with her brother Michael Wright, took over Wright Prospecting. This marked a significant turning point, as they prioritized retaining the company's royalty interests in iron ore deposits. A key achievement came in 2010 when Bennett received A$1 billion from Gina Rinehart after a legal battle related to the Rhodes Ridges iron ore mine. Bennett has also been involved in significant legal disputes, including a case in 2012 against Rinehart regarding the Hope Downs mine.
Key Business Strategies
Bennett's business strategy has centered on securing and managing royalty streams from iron ore production, particularly in Western Australia. Her leadership of Wright Prospecting has involved strategic asset management and a focus on preserving the value of the company's royalty portfolio. Bennett's approach emphasizes privacy and strategic asset allocation, distinguishing her from other magnates. In 2025, a transaction involved selling a majority interest in the Rhodes Ridge iron ore project to Mitsui & Co.
Philanthropy
Information on Bennett's specific philanthropic initiatives is limited due to her private nature. However, her wealth allows her to support various causes. While the exact details of her philanthropic activities are not widely publicized, her focus on capital preservation suggests a strategic approach to charitable giving, likely aligned with her overall business philosophy.
