Timothy Mellon is an American entrepreneur and the chairman of Pan Am Services, a transport stands tight. Timothy also is Andrew W. Mellon, grandson, making him one of the heirs to his family vast banking wealth. Timothy Mellon is expected to have a net worth of $1 billion by 2022.
|Full Name||Timothy Mellon|
|Birth Date||July 22, 1942|
|Birth Place||United States|
|Net Worth||$1 billion|
Mellon received his bachelor degree in city planning from Yale University. Andrew Mellon, his grandfather, was a Treasury Secretary who went on to build a multibillion-dollar banking empire, with the Mellon family ranking among the wealthiest in the United States.
Timothy Mellon Net Worth and Career
In 1977, Mellon became the primary financier of Guilford Transportation Industries, a holding company. GTI is the company’s name, and it began expanding in 1981 when it bought the Maine Central Railroad. They then purchased the Boston & Maine and the Delaware & Hudson railways as well.
Mellon and other GTI shareholders were quite astute in seizing market opportunities. They opted to purchase Pan American World Airways when it went bankrupt in 1998 because of its powerful brand.
GTI was renamed Pan Am Systems later on, and it now has assets in a variety of sectors, the most prominent of which is rail transportation. Manufacturing, energy, and real estate are some of the other businesses represented.
For almost two decades, Mellon served as a trustee of the Andrew W. Mellon Foundation. Mellon is well-known in the media for his political contributions and for being a prominent critic of U.S. issues outside of his commercial operations.
He has given a number of gifts throughout the years, including a $1.5 million donation to Arizona defense fund, which at the time was the most stringent anti-immigration policy in the country. He is a Republican Party member who donated $10 million to American First Action.
In addition, he has an autobiography in which he discusses his political views in length. This includes criticism of both social safety net programs and Obamacare. He also contributed $1 million to the search for Amelia Earhart’s remains and the aircraft she flew.
Timothy Mellon Fame
However, he subsequently had a disagreement with the corporation that had been assigned this task, claiming that he had been tricked out of the deal. He has maintained his tough position on illegal immigration in the United States, and he has been a vocal proponent of Texas Governor Greg Abbott’s border wall proposal.
Mellon was responsible for 98 percent of the total contributions for the $54.3 million project, according to the statistics that were available. He was also a strong supporter of President Donald Trump while he was in office, praising several of the initiatives he implemented.
Mellon chastised Biden for the humanitarian disaster that erupted in the border region after Trump left office. Overall, according to documents, he contributed about $30 million to Republican political action committees (PACs), which continued to develop multiple projects linked to the America First Action program until June of 2020.
Susan Crawford Tracy is the wife of Timothy Mellon. About his wife and children, nothing else is known.
Timothy Mellon Net Worth
Timothy Mellon is to have a $1 billion net worth in 2022. The Mellon wealth is believed to be over $12 billion, with Mellon owning a billion-dollar interest in the company.
News about Timothy Mellon
- The Texas border wall is funded by Timothy Mellon, a key Trump backer. The Texas Tribune is a news organization that covers Texas.
- Meet the Federal Election Big Spenders – ABC17NEWS | ABC17News.com
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