Matthew Mellon Dies: Ripple XRP Investor Grew $2M Into $1 Billion

Investing, News | April 17, 2018 By:

Billionaire Matthew Mellon, who made a fortune in Ripple XRP, has died at the age of 54, his family says. Mellon long struggled with drug addiction, and a family representative said he died while traveling to a rehabilitation center in the Mexican coastal town of Cancun.

Mellon was the scion of two US banking dynasties and the ex-husband of the British co-founder of luxury shoe brand Jimmy Choo, Tamara Mellon. He reportedly¬†“died suddenly in Cancun, Mexico, where he was attending a drug rehabilitation facility”, a representative of the billionaire said in a statement given to the New York Post.

He famously turned a $2 million investment with Ripple into $1bn. Mellon is survived by his three children, Force, Olympia and Minty. He was a direct descendent of Thomas Alexander Mellon, founder of The Bank of New York Mellon, and Anthony Joseph Drexel, a banker who founded Wall Street firm Drexel Burnham Lambert.

The Clear Sky Recovery resort claimed that Mellon died at a nearby hotel before checking in to the rehab facility. “We received words that he had died at his hotel on the morning of April 16, prior to his scheduled check-in,” said Dr. Alberto Sola, medical director at Clear Sky. “We have no further comment on this unfortunate situation.”