Billionaire Banking Heir Matthew Mellon Dies at 54

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New York (AP) — Billionaire banking inheritor Matthew Mellon has died. He was 54.

Matthew Mellon

Photographer: Shahar Azran/FilmMagic through Getty Images

His cousin Peter Stephaich confirmed Mellon’s demise however declined Tuesday to offer any particulars.

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

According to Mellon’s Linked In account and paperwork of the Securities and Exchange Commission, he attended the Wharton School and later labored in vogue, telecommunications and finance, most just lately as an adviser for the digital foreign money firm Ripple Labs.

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

Mellon is survived by his first spouse, designer Tamara, his second spouse, designer Nicole Hanley, and three kids.

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