F
Farm Boy
THE former mistress to the late cardboard billionaire Richard Pratt has lost her bid for a slice of his millions.
Madison Ashton sued Mr Pratt's widow, claiming her late husband had promised her he would set up a $2.5 million trust for each of her two children, pay her a $500,000 annual allowance and $36,000 for her annual rent bill.
She also claimed Pratt promised to pay her $30,000 a year in business expenses, such as travel.
But NSW Supreme Court Judge Paul Brereton today ruled that the former high class escort should not be entitled to the money from his estate.
He said her claim failed because her agreement with Pratt was not "enforceable and binding".
"The claims were not maintainable because they were subject to her February 2005 acceptance of $100,000 in full and final satisfaction".
Madison Ashton sued Mr Pratt's widow, claiming her late husband had promised her he would set up a $2.5 million trust for each of her two children, pay her a $500,000 annual allowance and $36,000 for her annual rent bill.
She also claimed Pratt promised to pay her $30,000 a year in business expenses, such as travel.
But NSW Supreme Court Judge Paul Brereton today ruled that the former high class escort should not be entitled to the money from his estate.
He said her claim failed because her agreement with Pratt was not "enforceable and binding".
"The claims were not maintainable because they were subject to her February 2005 acceptance of $100,000 in full and final satisfaction".
