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Secret heiress has $12m �fairytale�

Olivia Mead has trimmed her claim.

She has decided she can live without the diamond-studded guitar and the crystal-covered grand piano.

But secret mining heiress Olivia Mead believes she is still entitled to $12 million of her late billionaire father's money to support her for the rest of her life.

As the sensational civil trial over the will of billionaire Michael Wright concluded in WA's Supreme Court yesterday, the 19-year-old university student revealed her final claim figure, which if granted would be the biggest of its kind awarded in Australia.

It still includes thousands a year for shoes, clothes, musical instruments, holidays, gifts, a $2.5 million house and a Mexican walking fish.

Ms Mead's lawyers conceded to dropping claims for jewel- encrusted items "that might go beyond what is considered a good lifestyle" and which had put her demand at nearly $25 million.

Lindsay Ellison, Ms Mead's lawyer, said the notion of the teenager as a "spoilt child" was irrelevant and erroneous.

"The irony is that that is exactly what she wasn't - there was very little money spent on her," he said.

"She is not a spoilt child."

The Notre Dame student and Dockers fan was this week revealed as the fourth child of Mr Wright, whose father Peter was one of the founding fathers of the WA mining industry alongside Lang Hancock.

She is suing the executor of his will as well as her two half-sisters Alexandra Burt and Leonie Baldock, who between them are in charge of much of Mr Wright's legacy, which includes the iconic Voyager Estate and is valued at $750 million.

Wright family lawyer Jane Needham concluded her argument against the massive award by describing Ms Mead's demands as a "fairytale".

"The plaintiff's claim is extraordinary and we adhere to that despite the way it has been whittled down over the past few days," she said.

"She provided a schedule of claim that had no basis in reality - and is it proper that a 19- year-old is put in a position where she will never have to work? We say no."

It was revealed Mr Wright had paid Ms Mead's private school fees and about $20,000 a year in child support while he was alive, with his will leaving her a $3 million trust fund when she turns 30.

"What is proper is the (money) provides the ability to live an independent and dignified life - the sum of $3 million could do that," Ms Needham said.

Master Craig Sanderson reserved his decision.