Matthew Mellon dead at 54
Making a billion dollars won't necessarily make you happy or healthy.
Matthew Mellon died yesterday at a rehab facility in Cancun, Mexico. He reportedly turned a $2 million cryptocurrency investment into Ripple into $1 billion but also had a long term addiction to painkillers.
Even without the Ripple investment, Mellon was born into extreme wealth. The father's side of his family founded the Bank of New York Mellon and his mother's side founded Drexel Burnham Lambert.
"It's $1 billion virtually for free. I actually have earned it because I was the only person who was willing to raise his hand," Mellon told Forbes about his crypto investment. "My family thought I was insane, when I knew it was a home run."
Lately he had been reportedly partying at a $150,000 per month mansion in LA after his second divorce.
It will be someone's job to figure out how to secure the XRP. He said the private keys are divided up and safely scattered in cold storage around the country in other people's names.
More at the Telegraph.
