Tag Archives: Richard Pratt

Richard Pratt Estate: Australian Billionaire, Defeats Mistress In Court

Richard Pratt had a colorful life, until he died at age 74 on April 28, 2009.  A former professional Australian rules football player and stage actor, he inherited his father’s small cardboard business in 1969 and grew it into one of the world’s largest privately-owned recycling and packaging companies.

Pratt peaked on Forbes’ list of the world’s billionaires at number 321 in 2005.  Two years later, his fortune was valued by Forbes at $2.5 billion (in U.S. dollars).  His fortune declined from there, and Pratt eventually admitted to a massive price-fixing scheme, paying a record $33 million fine.  Pratt still managed to wind up as Australia’s fourth wealthiest person, leaving behind a $5.5 billion estate (in Australian dollars).

Richard Pratt estate: Mistress loses court battle

It was well known in Australian society that Pratt enjoyed the company of mistresses, one of whom gave birth to a daughter by Pratt in 1997.  But it’s another mistress who caused the biggest headache for Richard Pratt’s estate. Madison Ashton (also known as Christine Read more…

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