Timothy Mellon is an American businessman who is currently the chairman of Pan Am Systems, known as Transportation Holding. Timothy is also the grandson of Andrew W. Mellon and thus one of the heirs to his vast banking fortune. As of 2021, Timothy Mellon's net worth is estimated to be around $1 billion.
| Full Name | Timothy Mellon |
| Birth Date | July 22, 1942 |
| Birth Place | United States |
| Profession | Businessman |
| Relationship Status | Married |
| Net Worth | $1 billion |
Early Life
Mellon attended Yale University, where he earned a bachelor’s degree in urban planning. His grandfather, Andrew Mellon, was the secretary of the Treasury who later created a large banking fortune along with the Mellon family, considered one of the wealthiest in the United States.
Timothy Mellon net worth and career
Mellon was the main financier of Guilford Transportation Industries in 1977, which began as a holding company. The company, known as GTI, began to grow in 1981 when he decided to purchase the Maine Central Railroad. They later also bought the Boston and Maine and Delaware and Hudson Railroads.
Mellon and other GTI players have been very adept at capitalizing on key market moments. When Pan American World Airways went bankrupt in 1998, they decided to buy the company because of its strong brand.
GTI was later renamed Pan Am Systems and today it invests in several sectors, the most important of which is rail transport. Other sectors include manufacturing, energy and real estate brands.
Mellon also served as a trustee of the Andrew W. Mellon Foundation for more than two decades. In addition to his business activities, Mellon is well known in the media for his numerous political contributions, as he is an active commentator on American affairs.
He has made several donations over the years, including a $1.5 million donation to the Arizona Defense Fund, the strictest anti-immigration measure at the time. He was a supporter of the Republican Party and donated $10 million to American First Action.
He also has an autobiography in which he discusses his political views in detail. This includes criticism of welfare programs and Obamacare. She also donated $1 million to search for the remains of pilot Amelia Earhart and her plane.
However, he later fell out with the organization he found responsible, claiming he was ripped off in the deal. He maintained his strong stance against illegal immigration into the United States and was a strong supporter of the border wall project proposed by Texas gubernatorial candidate Greg Abbott.
According to available data, de Mellon was responsible for 98% of the total donations for the $54.3 million project. When President Donald Trump was in office, he too was a huge supporter of Trump and praised some of his policies.
Following Trump’s departure, Mellon also criticized Biden for the humanitarian crisis that has developed in the border area. In total, as of June 2020, he has donated approximately $30 million to the Republican Political Action Committees (PACs), which then created various programs associated with the America First Agenda for Action.
Personal Life
Timothy Mellon is married to Susan Crawford Tracy. Nothing else is known about his wife and his children.
timothy mellon lucky
As of 2021, Timothy Mellon’s net worth is estimated at $1 billion. The net worth of the Mellon family is estimated to be approximately $12 billion, with Mellon’s stake in the entire company being approximately $1 billion.