AMB Holdings is a private company owned by Perth-based billionaire Angela Bennett.
The company earns multi-million dollar dividends from its 50 per cent shareholding in Wright Prospecting, which is paid a lucrative iron ore royalty stream. The royalties stem from deals negotiated by Ms Bennett’s late father Peter Wright, who was the business partner of Lang Hancock.
AMB is understood to have a diversified $1 billion-plus investment portfolio focused on long-term opportunities.
Its directors include two of Ms Bennett’s sons - Todd Bennett and Paul Bennett - and finance executive David McMahon, who manages the family’s iron ore and resource related interests.
Much of AMB’s investment activity was conducted through Sydney-based AMB Capital Partners, which operated between 2010 and 2021. It has also invested through Sydney-based Arrow Capital Partners, a global property investor.
AMB previously had a 25 per cent stake in Sydney-based fixed-income fund manager Coolabah Capital (sold in 2019 for up to $34 million) and a 20 per cent founding stake in Perth-based oil and gas producer Quadrant Energy (also sold).
In Western Australia, its interests include Fremantle-based Blue HQ Marinas.
