Billionaire Profile
Angela Bennett
Global Rank
#965

Image: New Zealand Government, Office of the Governor-General | CC BY 4.0 | via Wikimedia Commons

Angela Bennett

CEO, Mining
AUSTRALIA
Real-Time Net Worth
$4.337B
Estimated based on Mining stock value as of March 6, 2026
0% (24h)
Age
81
Source
Mining
Industry
Metals & Mining
Citizenship
AUSTRALIA

Biography

Angela Bennett, an Australian mining heiress and businesswoman, has built a substantial fortune through her share of iron ore royalties from the Pilbara region in Western Australia. Her wealth stems from a royalty agreement negotiated by her father, Peter Wright, and his business partner Lang Hancock. Bennett's career has been marked by her leadership at Wright Prospecting and her significant legal battles in the mining sector. As of April 2025, her estimated net worth is 4.3 billion USD, which reflects her success in the mining industry. She is known for her reclusive nature and her focus on family, with seven children.

Fact Checked
Verified by Editorial Team
Live Data
Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life

Angela Bennett was born around 1943/1944 in Western Australia. She is the eldest adopted child of Pauline McClemans and Peter Wright, who co-founded Wright Prospecting and was a business partner of Lang Hancock. Bennett's family connections gave her a unique perspective on the mining industry from a young age.

Rise to Success

After her father's sudden death in 1985, Bennett and one of her brothers, Michael Wright, took over Wright Prospecting. In 2010, Bennett and Michael Wright received A$1 billion from Gina Rinehart after the latter was forced to give up twenty-five per cent in the Rhodes Ridges iron ore mine.

Key Business Strategies

Her wealth comes from a share of a royalty paid by mining giant Rio Tinto on every ton of iron ore it mines in Western Australia. Bennett also holds a major stake in Wright Prospecting, which is in litigation with Rinehart's Hancock Prospecting over various iron-ore properties. In 2025, Bennett sold a fifteen per cent stake in the Rhodes Ridges iron ore deposit to Mitsui & Co for A$2 billion and retained a ten percent interest in the project.

Philanthropy

In October 2024, it was reported that Bennett made a donation for an undisclosed amount to support the construction of an 11-storey shelter in Perth for women and children who are homeless, named The Angela Wright Bennett Centre. In 2015, the Angela Wright Bennett Foundation granted $250,000 to support autism research at the Kids Research Institute Australia.

Career Milestones

1985

Took over Wright Prospecting

Following the death of her father, Peter Wright, she took over Wright Prospecting with her brother Michael Wright.

2010

Settlement with Gina Rinehart

Received A$1 billion from Gina Rinehart related to the Rhodes Ridges iron ore mine.

2025

Sold Rhodes Ridges Stake

Sold a 15% stake in the Rhodes Ridges iron ore deposit to Mitsui & Co for A$2 billion, retaining a 10% interest.

Philanthropy & Social Impact

Housing

The Angela Wright Bennett Centre

$XB

Donation to support the construction of a shelter in Perth for homeless women and children.

Medical Research

Autism Research

$0.25B

Grant to support autism research at the Kids Research Institute Australia.

Controversies & Challenges

2012

Legal Battle with Gina Rinehart

Sued Gina Rinehart to recover 50% of the Hope Downs mine tenements.

1987

Dispute with Julian Wright

Brother Julian Wright commenced legal proceedings against Angela and Michael over a financial separation agreement for his portion of Wright Prospecting, signed in 1987.