Age, Biography and Wiki

Timothy Mellon was born on 22 July, 1942 in New Hampshire, is an American businessman. Discover Timothy Mellon's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 81 years old?

Popular As N/A
Occupation Businessman
Age 81 years old
Zodiac Sign Cancer
Born 22 July, 1942
Birthday 22 July
Birthplace N/A
Nationality New Hampshire

We recommend you to check the complete list of Famous People born on 22 July. He is a member of famous businessman with the age 81 years old group.

Timothy Mellon Height, Weight & Measurements

At 81 years old, Timothy Mellon height not available right now. We will update Timothy Mellon's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
Eye Color Not Available
Hair Color Not Available

Dating & Relationship status

He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.

Family
Parents Paul Mellon Mary Conover
Wife Not Available
Sibling Not Available
Children Not Available

Timothy Mellon Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is Timothy Mellon worth at the age of 81 years old? Timothy Mellon’s income source is mostly from being a successful businessman. He is from New Hampshire. We have estimated Timothy Mellon's net worth, money, salary, income, and assets.

Net Worth in 2024 $1 Million - $5 Million
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
House Not Available
Cars Not Available
Source of Income businessman

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Timeline

1942

Timothy Mellon (born July 22, 1942) is an American businessman and was the chairman and majority owner of Pan Am Systems, a Portsmouth, New Hampshire-based transportation holding company until 2022.

He is a grandson of Andrew Mellon and an heir to the Mellon banking fortune.

Mellon is the son of Paul Mellon and his first wife, Mary Conover Brown.

He graduated from Yale University with a degree in city planning.

He is the grandson of Treasury Secretary Andrew Mellon.

1977

He was the chief financier in the 1977 formation of Guilford Transportation Industries (GTI), a holding company named for his native Guilford, Connecticut.

1981

In 1981, GTI purchased the Maine Central Railroad from U.S. Filter Corporation, adding the Boston & Maine and Delaware & Hudson railroads in 1983 and 1984, respectively, and in 1998 purchased the brand of bankrupt Pan American World Airways.

1984

Mellon wrote that as of 1984 (Reagan's re-election campaign), "Something had obviously gone dreadfully wrong with the Great Society and the Liberal onslaught. Poor people had become no less poor. Black people, in spite of heroic efforts by the 'Establishment' to right the wrongs of the past, became even more belligerent and unwilling to pitch in to improve their own situations," and that "Drugs rose to the level of epidemic. Single parent families became more and more prevalent. The likes of Jesse Jackson and Al Sharpton pandered endlessly to fan the flames."

In August 2021, Mellon donated $53.1 million in stock to the State of Texas to pay for construction of walls along the US–Mexico border.

In August 2023, it was revealed that Mellon donated $5 million via a Super PAC to the presidential campaign of Robert F. Kennedy Jr.

1999

In 1999, Mellon purchased the Goodspeed Airport in East Haddam, Connecticut for $2.33 million.

2002

Mellon stepped down as trustee of the Andrew W. Mellon Foundation in 2002 after 21 years on its board.

2005

Mellon moved to Wyoming from Connecticut in 2005.

2008

The Pan Am name was subsequently succeeded by "Pan Am Clipper Connection," operated by subsidiary Boston-Maine Airways, which ceased operations in 2008 due to lack of financial fitness.

GTI was ultimately sold to the CSX Corporation.

2010

In 2010, Mellon donated $1.5 million to Arizona's defense fund to help cover the costs of legal challenges against Arizona SB 1070, the broadest and strictest anti-illegal immigration measure in the United States at the time of its passage.

It has received national and international attention and has spurred considerable controversy.

Mellon claimed that the plane had already been found in 2010 before the donation was made.

2012

Mellon donated over $1 million in 2012 to The International Group for Historic Aircraft Recovery (TIGHAR) as part of its efforts to locate Amelia Earhart's plane and remains.

2013

Mellon filed a racketeering lawsuit against TIGHAR in 2013, alleging that the non-profit organization engaged in deceit in soliciting his money to search for Amelia Earhart's missing plane.

2014

U.S. District Judge Skavdahl granted TIGHAR's motion for summary judgment in 2014, after recognizing that even Mellon's own experts were unable to confirm Mellon's allegations regarding the 2010 photographs that Mellon claimed showed the presence of the plane.

Judge Skavdahl concluded that: "Defendants represented to Plaintiff they were planning another expedition in their continued quest to find the wreckage of Amelia Earhart's airplane. Upon reading about Defendants' efforts, Plaintiff contacted Defendants and expressed his interest in supporting the expedition with a monetary contribution. That's exactly what the parties then did. No false representations were made. The lost had not been found ... or maybe it had. Regardless, no rational trier of fact could find Defendants falsely represented they had not found Earhart's plane by embarking on another expedition in hopes of finding conclusive evidence to prove it. No matter how convinced or sincere Plaintiff is in his subjective belief and opinion that Amelia Earhart's airplane was or should have been discovered prior to the making of his donation, that belief and opinion is insufficient to create a genuine dispute of material fact."

Mellon appealed to the U.S. Court of Appeals for the Tenth Circuit, which affirmed the district court's ruling, without holding oral argument.

The Tenth Circuit concluded that the lack of actionable falsity precluded Mellon's claims.

2018

In the 2018 election cycle, Mellon was a major political donor, especially to the Republican-aligned Congressional Leadership Fund.

2020

He sold it to New England Airport Associates, LLC in November 2020 for $891,000.

According to OpenSecrets, in 2020 and 2022, he was the 6th and 5th most prolific donor in the US, spending $60 million and $47 million respectively to support Republican candidates and causes.

Mellon's self-published autobiography describes his political views.

Mellon called social safety net programs "Slavery Redux," adding: "For delivering their votes in the Federal Elections, they are awarded with yet more and more freebies: food stamps, cell phones, WIC payments, Obamacare, and on, and on, and on. The largess is funded by the hardworking folks, fewer and fewer in number, who are too honest or too proud to allow themselves to sink into this morass."