Billionaire banking heir Matthew Mellon dies in rehab facility

Annette Crawford
April 18, 2018

A billionaire cryptocurrency investor and banking heir whose British ex-wife built the Jimmy Choo shoes empire during their marriage has become the latest victim of America's deadly opioid crisis.

In a shocking announcement today, the family of #Matthew Mellon, former chair of the #New York Republican Party finance committee, said that he has lost his long-running battle with drug addiction while in rehab in a Mexico clinic.

Mellon previously opened up to the Post about his struggles with addiction to the opiate painkiller Oxycontin.

Mellon is survived by his first wife, fashion designer Tamara, his second wife, fashion designer Nicole Hanley, and three children. Mellon made his luck turning into a $2 billion investment.

While Mellon sold off his early investments in Bitcoin before its value skyrocketed in 2017, Mellon seems to have made a fortune in Ripple, or rather the digital token created by Ripple known as XRP, which was one of the hottest cryptocurrencies toward the end of past year and start of 2018. "The family asks that their privacy be respected at this very painful time", the statement concluded.

Mellon was at a Malibu treatment center, attempting to kick a drug habit that was costing him $100,00 a month.

His addiction reportedly began after he took the prescription for an injury. In 2013, Tamara Mellon said that her then-husband just kept fighting and coming back.

Mellon was featured in the February issue of Forbes magazine, where he discussed his cryptocurrency investments. The billionaire saw Ripple as a viable investment, and his knack proved to be right.

Mellon explained to Forbes that he was drawn to XRP because, at the time, it was one of the few cryptocurrencies working within the mainstream banking system. "I actually have earned it because I was the only person who was willing to raise his hand", he said. They have one daughter, Araminta, together.

Other reports by Iphone Fresh

Discuss This Article