Background
Wright was born in Kalgoorlie to parents who were originally from Victoria. In 1932 he married Pauline McClemans, daughter of William McClemans, an Anglican clergyman who founded Christ Church Grammar School.
Wright was born in Kalgoorlie to parents who were originally from Victoria. In 1932 he married Pauline McClemans, daughter of William McClemans, an Anglican clergyman who founded Christ Church Grammar School.
The family moved to Perth at a young age and Wright was educated at several schools, including Hale School.
After his death, his estate became worth over A$1 billion. He left school before graduating. After leaving school, he joined the Bank of New South Wales.
In 1930 he qualified as an accountant and set up his own accountancy firm.
In 1938 he became general manager of his father"s firm F. West. Wright & Company, later becoming managing director when it became Wright Limited in 1949. One of their early ventures was an asbestos mine at Wittenoom, Western Australia.
Hancock largely relinquishing his interest in it in the early 70s but Wright continued publishing it until selling it to The Truth in 1984. Wright died in 1985 in Bangkok, Thailand while travelling home to Perth from Europe.
He was cremated at Karrakatta Cemetery.
In 1985 Business Review Weekly (BRW) estimated his Netto at least A$50 million. By 2013, the magazine valued his family"s worth at A$1.53 billion. The rise in the value was largely a result of royalty agreements signed by Hancock and Wright during the 1960s.
The agreements entitled Hancock and Wright 2.5 percent of revenue generated by Rio Tinto"s Hamersley Iron mines.