Nathan W. Pearson, a 59‐year‐old Pittsburgh businessman, has served as Paul Mellon's rep resentative on the boards of the Mellon Bank, Gulf, Al coa, Koppers and Carborun dum. Meanwhile, the profes sional business managers and foundation executives who handle the Mellon billions car ry on quietly — always keep ing an eye on the younger generation of Melons to see which, if any, might emerge as a unifying force in the tradition of General Mellon. $11.5B. Some Mellon‐watchers say they will be keeping a close eye on Mrs. Mellon over the next few years while her sons are gaining experience. Occasionally the digitization process introduces transcription errors or other problems; we are continuing to work to improve these archived versions. Most sources agree on John D. Rockefeller being the richest American in history, although some define richest as an individual's wealth as a share of contemporary Gross Domestic Product (GDP). Pittsburgh has two giants; the Richard King Mellon Foundation and The Heinz Endowments, both of which have net assets exceeding 10 figures. There are many grants I can apply for. Instead of a formal education, he received tutors in subjects that would benefit him. He attended the University of Pittsburgh but did not grad uate. According to one observer, she serves as a link between the Pittsburgh Mellons, of which she is a member, and the Paul Mellon branch, which maintains homes in New York, Virginia and Washington. Seward Prosser Mellon, brokerage house executive. To preserve these articles as they originally appeared, The Times does not alter, edit or update them. Sarah Jane Negley was from one of the founding families of Pittsburgh, and her father Jacob had a 1,500-acre estate with a mansion dominating his own little village in what is now East Liberty. The pair is well over 240-years old, and are still in very good shape. Richard King Mellon Foundation. The present generation is the third to be born in this coun try. Richard King Mellon (June 19, 1899 – June 3, 1970), commonly known as R.K., was an American financier, general, and philanthropist from the Pittsburgh suburb of Ligonier, Pennsylvania Biography. ¶Constance (Connie) Mel lon Byers, 29, an adopted daughter of General Mellon, she was twice married and divorced from a Government official, W. Russell Byers. The closest the family name comes to public expo sure is through a Pittsburgh bank, the Mellon National Bank & Trust, which has as sets of $5.8‐billion and de posits of $4.7‐billion. Richard was born on June 19, 1899 in . Richard King Mellon has been a part of the Celebrity list. Richard's reported annual income is about $90 - 99,999; with a net worth that tops $100,000 - $249,999. Richard's reported annual income is about $175 - 199,999; with a net worth that tops Greater than $499,999. For the most part, the Mellons maintain a low publicity profile, and even many Pittsburgh residents, businessmen and newspaper men are unaware of how their most prominent family is deployed and what it is doing. Our cousin, Elizabeth Rosemond Taylor, married John Warner, who was married Catherine Conover Mellon. Richard King Mellon Net Worth, Biography, Age, Height, Weight, Married, Ethnicity, Nationality, Wife, Husband The Mellon family is rela tively new in terms of the great American fortunes. Ultraconserva tive politically, he recently became chairman and pub lisher of a small (circulation 30,000) daily newspaper in Greensburg, Pa. ¶Cordelia (Cordy) Scaife May, 42. “There were some of them who were just damned glad the General was as inter ested in business as he was,” said one Pittsburgh observer. $11.5B. Judge Mellon had eight children, four of whom raised families, and there are doz ens of Mellon cousins scat tered around the country, many of them well‐to‐do and in prominent positions. The firm overseas his holdings and those of his mother, brother and two sisters. A caricature of John D. Rockefeller Sr. published in Puck in 1901 For the contemporary lists, see List of Americans by net worth and Forbes 400.. The business world is not the arena in which most of the Melions have chosen to compete, however. 2020 America's Richest Families NET WORTH. Pittsburgh based, Richard B. Mellon made many large philanthropic donations with his net worth which was equal to $50.5 billion in 2012 dollars. He was known to his asso ciates as “the General” be cause he held an Army Re serve commission. Noted, Richard’s significant source of money is Celebrity, Currently We don’t have enough information about Cars, Monthly/Yearly Salary etc. I can serve on the Monuments committee due to being kin to Robert E. Lee, and… Estimates would put his net worth, just over $80 million in 1923, as high as $600 million — over $9 billion in today’s dollars — six years later. … Richard Mellon Scaife passed away. The family is not without representation in its other companies, however. The other known family holdings are only relatively less dramatic, and probably add up to an additional $900‐ million. ... Conservative Billionaire Publisher Richard Mellon Scaife Dies. Mellon‐watchers point out that for the Pittsburgh branch of the family, the next few years will be a time of test ing and maturing in busi ness matters. “I don't envy those boys [Seward and Richard Mellon],” one Pittsburgh financier said. An exception is the family bank where Seward P. Mellon, Paul Mellon and Richard Mellon Scaife are directors. The obituary was featured in Legacy on July 7, 2014. A Radcliffe College grad uate, she was considered one of the brightest and most high ly motivated of the younger generations of Melions. Richard Beatty Mellon (1858–1933), a banker, industrialist and philanthropist, who married Jennie Taylor King William Larimer Mellon, Sr. (1868–1949), a founder of the Gulf Oil Corporation Richard King Mellon (1899–1970), a financier, general, and philanthropist, who married Constance Prosser McCaulley Two of his sons, Richard B. and Andrew W., went on to prominence in the late eighteen‐hundreds and early nineteen‐hundreds, and were largely responsible for accumulating the family fortune. Both succeeded their father as head of the Mellon family bank, first Andrew, and la ter Richard B., when An drew went to Washington in 1921 as Secretary of the Treasury. King Mellon Foundation Richard is listed as an insider in the following companies: TRVI / Trevi Therapeutics, Inc. Let’s check, How Rich is Richard King Mellon in 2019? There are eight members of the new Mellon generation, four men and four women. Richard King Net Worth Insiders are officers, directors, or significant investors in a company. In the background is their mother, Op‐year ‐ old Con stance Prosser McCaulley Mellon, daughter of a New York banker, who married General Mellon in 1936 after her first husband died. The only child of the late Ailsa Mellon Bruce, Mrs. Cur rier, with her husband, founded the Taconic Foun dation, and gave millions to civil rights causes and other philanthropies. I can serve on the Monuments committee due to being kin to Robert E. Lee, and… The siblings along with cousins Paul Mellon and Ailsa Mellon-Bruce were declared in 1957 by Fortune magazine in its first list of the wealthiest people in the U.S. as among the richest eight Americans, each with a net worth of between and $400 and $700 million. Trustee Richard King Mellon Family Foundation; trustee, chair & Chief Executive Officer Richard King Mellon Foundation; Member Western Pennsylvania Conservancy (life), LoyalHanna Association (president), Vintage Club (Palm Springs, California), Duquesne Club (Pittsburgh), Laurel Valley Golf Club (Ligonier), Rolling Rock Club, Rolling … The Richard King Mellon Foundation is currently the largest grantmaking organization in the region, and the 36 th largest in the United States. Biography. Richard King Mellon rose to prime prominence as a Celebrity. CTRL + SPACE for auto-complete. Through the representa tion of these men and others the Mellons keep a close watch over their interests in the major corporate hold ings. The major fortunes, however, are concentrated in the hands of the Mellons discussed in this article. It is illegal for insiders to make trades in their companies based … lease let us know. For example, their bank backed Gulf and Alcoa with major financial help two genera tions ago at a time when Gulf was having oil‐well troubles in Texas, and alu minum had just been discov ered. In January 1971, Seward and, Richard Mellon, both adopted sons of Richard King Mellon, took over’ management of the Mellon economic interests. Di vorced from the late Herbert A. Many of them have taken a greater interest in giving away the income from their millions than in making them grow or in wielding the, pow er that radiates from huge fortunes. Richard King Mellon Net Worth, Biography, Age, Height, Weight, Married, Ethnicity, Nationality, Wife, Husband See the article in its original context from. They are beneficiaries and overseers of three sep arate fortunes estimated at between $500‐million and $1‐ billion each. It is about 40 per cent controlled by Mellon in terests—and the family share is valued at about $243‐mil lion. They were purchased in 2002 by the Richard King Mellon Foundation at Christie's. Richard has many family members and associates who include Debbie Mellon, Kathleen Mellon, Laura Mellon, Carole Popp and Barbara Lombardi. As a first step, they have been named by General Mellon's widow to sit at the head of Richard K. Mellon & Sons to oversee family interests. The estimated Net Worth of Richard H King is at least $83.7 Thousand dollars as of 30 July 2019. She lives in Washington, and has re ceived some publicity as a result of her social activities. Nonetheless, a great deal can be learned by studying foundation tax returns and corporate reports, by talking to associates and acquaint ances of Mellon family mem bers, and by examining of ficial documents. Beyond those two bodies, relative anonymity sets in. Largely unknown to the public, some of the younger Mellons in the last ?? They're sitting on a lot of money, and it's a big responsibility even to preserve it.”. “She's one member of the family who has both the in tellect and the instinct for power that it takes to pull that family together,” one Pittsburgh businessman said. Write CSS OR LESS and hit save. And Tim othy Mellon apparently has charted his own course in other fields, which he de clines to discuss. “Even if they turn out to be world‐beaters, they're follow ing not just one but two of the best acts this city has ever seen in the General and his father and uncle. In addition, he makes $68,917 as Independent Director at TCF. In January 1971, Seward and, Richard Mellon, both adopted sons of Richard King Mellon, took over’ management of the Mellon economic interests. 's son, became in terested in business and took leadership in that area. Its progenitor was Judge Thomas Mellon, a Scotch Irish Presbyterian from Northern Ireland who immi grated to western Pennsyl vania in 1818 at the age of 5 with his mother and father. ¶Timothy Mellon, 28, of Guilford, Conn. It was General Mellon, however, who acted as the family's financial catalyst through a Pittsburgh con cern called T. Mellon and Sons, which was dissolved soon after his death. For example, Mellons hold an estimated 30 per cent of the outstanding stock of the Aluminum Company of America, worth $425‐mil lion. #15: Richard B. Mellon – $50.5 billion (1858 – 1933, banking) Notwithstanding their ma jor stock position in a num ber of companies, no Mellon is now active in the man agement, or on the boards, of any of these concerns. By no means an intellectual or rebellious in the least, Mellon set out to learn banking and finance from his father. Read Full Summary. She Is an other adopted daughter of General Mellon (All his chil dren were adopted from The Cradle, an adoption agency in Evanston, Ill.). He and his second wife, Bunny, are frequently men tioned in society columns, sometimes through their friendship with Mrs. Jacque line Kennedy Onassis. Preserving Land, Water, Animals, and Economies. The Mellons gained some of these positions by being money lenders to the right people at the right time. The other candidates for leadership, exluding the men who married into the fam ily, would seem to be Rich ard Mellon Scaife and Tim othy Mellon. They also are major stock holders of the Carborundum Company ($44‐million), Kop pers Company ($36 ‐ million), General Reinsurance Corpo ration ($117.4 ‐ million) and First Boston Corporation ($34.1 ‐million). Besides that, you will also gain information on Current Net worth as well as Richard’s earnings, latest vehicles, luxury vacations. She is mar ried to John W. Warner, Navy Under Secretary, a Washington lawyer with de grees in both engineering and law. Andrew's son, Paul, after an unhappy exposure to banking in Pittsburgh, left the family business after his father's death, and became an art collector, patron of the arts and horse breeder. Pittsburgh sources say his two sons, both young and without distinguished rec ords either in school or in business, will have to earn family leadership roles. The only other Mellon who has broken out from behind the Mellon family's curtain of secrecy recently is Connie Byers, General Mellon's younger daughter. There also are a number of educational and charitable trusts originated or contin ued by current members of the Mellon family, and large number of individual grants are made as well. According to Wikipedia, Forbes & Various Online resource, Richard King Mellon’s estimated net worth Under Review. Mr. Scaife is the oldest male of the new generation, but is less inter ested in business affairs than are some of his relatives, as sociates say. At recent market prices, Mellon family holdings of Gulf, estimated at about 27 per cent of the company's outstanding stock, are worth $1.8‐billion. Richard King Mellon rose to prime prominence as a Celebrity. Moreover some busi ness and financial associates of the family, when informed by Mellon spokesmen that a story on family activities was unwelcome, closed the door to information about family business or founda tion matters. Richard King Mellon was born on June 19, 1899 in Pittsburgh, Pennsylvania, into one of America's great financial families. Net Worth and Insider Trades. Twelve years ago I began an application to the Andrew Mellon Foundation, but did not complete it. Richard King Net Worth Richard King Mellon is 1 of the celebs with the age 70 years (age at death) old. ... Richard King Mellon, Richard B. We have done our research and today you can learn about Richard King Mellon’s Estimated Net Worth, Age, Biography, Career, Height, Weight, Family, Wiki. Last update: 23 January, 2020. De scribed as the most “un Mellon‐like” of the family, he is a quiet Yale graduate with two college degrees who has applied computer techniques to city planning. PITTSBURGH — A new generation of Mellons, mem bers of what may be the na tion's second‐richest family after the du Ponts, is taking over the purse strings of a fortune estimated at $3‐bil lion to $5‐billion. They were a gift from the Marquise de Lafayette. 2020 America's Richest Families NET WORTH. Conservation. Assets of the major family foundations amount to nearly $1‐billion, and they fund a wide range of activity in the arts, education and social en deavors. 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