Skip to main content
Tags: matthew mellon | dies | banking heir

Matthew Mellon Dies: Billionaire Banking Heir Was 54

Matthew Mellon Dies: Billionaire Banking Heir Was 54

Matthew Mellon arrives at court in London in 2006 where he was charged in connection with an investigation into an alleged phone-tapping and computer hacking gang. (Scott Barbour/Getty Images)

Tuesday, 17 April 2018 08:54 AM EDT

Matthew Mellon, the billionaire banking heir who struggled with drug addiction, has died in Cancun, Mexico. He was 54.

His cousin Peter Stephaich confirmed Mellon's death but declined Tuesday to provide any details.

A statement from Clear Sky Recovery, a drug dependence treatment center, said Mellon was scheduled to check in there Sunday but passed away at his hotel prior to his arrival.

Mellon comes from the Mellon and Drexel families of Bank of New York Mellon and Drexel Burnham Lambert.

According to Mellon's Linked In account and documents of the Securities and Exchange Commission, he attended the Wharton School and later worked in fashion, telecommunications and finance, most recently as an adviser for the digital currency company Ripple Labs.

Mellon also served for a time as the chairman of the finance committee of the Republican Party in New York.

Mellon is survived by his first wife, fashion designer Tamara, his second wife, fashion designer Nicole Hanley, and three children.

Testifying at a trial where Mellon was acquitted of hiring a private detective to snoop into Tamara Mellon's finances, the co-founder of Jimmy Choo shoes said she and her husband had met at a meeting of Narcotics Anonymous when both were recovering from addiction.

The two married in 1999 at Blenheim Palace, one of England's grandest homes, with friends Elizabeth Hurley and actor Hugh Grant among the guests. They divorced several years later.

© Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


TheWire
Matthew Mellon, the billionaire banking heir who struggled with drug addiction, has died in Cancun, Mexico. He was 54.
matthew mellon, dies, banking heir
233
2018-54-17
Tuesday, 17 April 2018 08:54 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 

Interest-Based Advertising | Do not sell or share my personal information

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© 2025 Newsmax Media, Inc.
All Rights Reserved
Download the Newsmax App
NEWSMAX.COM
America's News Page
© 2025 Newsmax Media, Inc.
All Rights Reserved