Billionaire banking inheritor Matthew Mellon dies at 54

Matthew Mellon has passed away at age 53 while in rehab in Mexico 6 March 2014-New York, NY.

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Matthew Mellon has handed away at age 53 whereas in rehab in Mexico 6 March 2014-New York, NY.

Billionaire banking inheritor Matthew Mellon has died. He was 54.

His cousin Peter Stephaich confirmed Mellon’s dying however declined Tuesday to supply any particulars. He had struggled with drug habit, and experiences mentioned he died at a rehabilitation middle in Cancun, Mexico.

Mellon comes from the Mellon and Drexel households of Financial institution of New York Mellon and Drexel Burnham Lambert.

In line with Mellon’s Linked In account and paperwork of the Securities and Trade Fee, he attended the Wharton Faculty and later labored in vogue, telecommunications and finance, most just lately as an adviser for the digital forex firm Ripple Labs.

Mellon additionally served for a time because the chairman of the finance committee of the Republican Celebration in New York.

Mellon is survived by his first spouse, dressmaker Tamara, his second spouse, dressmaker Nicole Hanley, and three youngsters.

Testifying at a trial the place Mellon was acquitted of hiring a personal detective to snoop into Tamara Mellon’s funds, the co-founder of Jimmy Choo sneakers mentioned she and her husband had met at a gathering of Narcotics Nameless when each have been recovering from habit.

The 2 married in 1999 at Blenheim Palace, certainly one of England’s grandest properties, with mates Elizabeth Hurley and actor Hugh Grant among the many company. They divorced a number of years later.

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