Matthew Mellon

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Matthew Mellon
Cancun, Quintana Roo
, Mexico
Occupation(s)Businessman, private equity investor
Spouses
​
(divorced)​
Nicole Hanley
​
(divorced)​
Children5
RelativesChristopher Mellon (brother)
William Larimer Mellon Sr. (great-grandfather)
FamilyMellon family

Matthew Taylor Mellon II (January 28, 1964 – April 16, 2018) was an American businessman who was a chairman of the New York Republican State Committee's finance committee.[1][2] He was a member of the prominent Mellon family.

Early life

Born in New York City to Karl Negley Mellon and Anne Stokes Bright, Mellon was raised in Manhattan,

Wharton School of the University of Pennsylvania, where he studied management.[3][4] Mellon's father abandoned the family when he was five years old, before dying by suicide in 1983.[4]

Mellon was a direct male-line descendant of Judge

Mellon Bank (now part of The Bank of New York Mellon Corporation). Mellon was named after his paternal grandfather, Matthew Taylor Mellon, who was the elder son of businessman William Larimer Mellon Sr. On his maternal side, Mellon was a direct descendant of Anthony Joseph Drexel,[6] a banker whose investment firm was a precursor to Drexel Burnham Lambert
.

Mellon maintained associations with Drexel University and Carnegie Mellon University, both of which were founded by family members. He was also involved with the National Gallery of Art, the core of whose collection was donated to the nation by his great-uncle, Andrew Mellon.[7] In the 1990s, he worked on developing a documentary on the life of philanthropist and saint Katharine Drexel.

Career

Mellon was named Finance Chairman by State Chairman Ed Cox in May 2011. In February 2018, Forbes magazine reported that Mellon's $2 million investment in the cryptocurrency XRP turned into a $1 billion fortune.[8][9]

Personal life

Mellon had

Jimmy Choo.[11][10] Prior to his marriage to Hanley, he was engaged to entrepreneur Noelle Reno, with whom he established a cashmere knitwear line.[12]

Mellon's reported addiction to the prescription opioid OxyContin was said to be costing him $100,000 a month. He was quoted as saying "OxyContin is like legal heroin. And it needs to be addressed."[13]

At the end of 2017, Mellon moved from New York to Los Angeles, renting a house in the

Robert F. Kennedy, Jr. In late March 2018, Mellon dined with President Donald Trump.[14]

Death

Mellon died in April 2018 in

Cancun, Mexico, where he was planning to check into the Clear Sky Recovery clinic, which specializes in therapy utilising ibogaine, a medication with psychedelic properties. However, he was reported to have died in a hotel room in Cancun before arrival at the clinic, suffering a fatal heart attack after taking ayahuasca, a hallucinogenic drink.[14]

References

  1. ^ "Finance Committee". NYGOP. Archived from the original on 2013-07-04. Retrieved 2013-09-05.
  2. ^ Vardi, Nathan. "Mellon Banking Heir's New Crypto Fortune: Almost $1B In Ripple's XRP". Forbes. Retrieved 2018-04-17.
  3. ^ "Billionaire Banking Heir Matthew Mellon Dies at 54". Bloomberg.com. 2018-04-17.
  4. ^ a b c Conti, Samantha. "Matthew Mellon: Heir Conditioning". W Magazine. Retrieved 2018-04-17.
  5. ^ See the family tree at Mellon family.
  6. ^ Tuttle, Brad (April 17, 2018). "What We Know About Matthew Mellon, the Banking Heir, Crypto Billionaire and Fashion Entrepreneur Who Died Unexpectedly". Yahoo Finance. Retrieved April 18, 2018.
  7. ^ Ian Sansom. "Great dynasties of the world: The Mellons". The Guardian. London, UK. Retrieved April 17, 2018.
  8. ^ Nathan Vardi: Mellon Banking Heir's New Crypto Fortune: Almost $1B In Ripple's XRP, forbes.com, February 28, 2018.
  9. ^ "Billionaire banking heir and cryptocurrency investor Matthew Mellon dies in rehab at 54". Business Insider France (in French). Retrieved 2018-04-17.
  10. ^ a b "Jimmy Choo founder's ex dies aged 54 after fighting $100,000-a-month opioid addiction". Evening Standard. Retrieved 2018-04-17.
  11. ^ Chang, Bee-Shyuan (2012-10-26). "Tamara Mellon's Next Step". The New York Times. Retrieved 2013-09-05.
  12. ISSN 0307-1235
    . Retrieved 2018-04-17.
  13. ^ Matthew Mellon: US billionaire dies in Mexico dated 17 April 2018 at bbc.co.uk, accessed 1 May 2018
  14. ^ a b "The Last Days Of Banking Heir Matthew Mellon". Forbes. April 19, 2018. Retrieved April 20, 2018.
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