Billionaire Banking Heir Matthew Mellon Dies at 54

(AP) — In a story Apr 17 about the death of Matt Mellon, The Associated Press documented erroneously that Mellon had passed away at a rehabilitation center in Jamaica, Mexico. Police have confirmed that will Mellon died in a Cancun accommodation, not in a rehab facility.

Matthew Mellon
Photographer: Shahar Azran/FilmMagic via Getty Images

A fixed version of the story is beneath:

Billionaire banking inheritor Matthew Mellon dies at fifty four

Billionaire banking heir Matthew Mellon has died. He was

54.

By MICHELLE A. MONROE

Linked Press

Billionaire banking heir Matthew Mellon has died. He was

54.

Police within Cancun, Mexico, said he had been found dead in a hotel room. He previously struggled with drug addiction, and also a rehabilitation center in the resort city said he had been due to sign in there Monday.

Mellon comes from the Mellon and Drexel families of Bank of recent York Mellon and Drexel Burnham Lambert.

According to Mellon' s Linked Within account and documents of the Investments and Exchange Commission, he went to the Wharton School and later on worked in fashion, telecommunications and financing, most recently as an adviser for the electronic currency company Ripple Labs.

Mellon furthermore served for a time as the chairman from the finance committee of the Republican Celebration in New York.

Mellon is survived simply by his first wife, fashion designer Tamara, his second wife, fashion designer Nicole Hanley, and three children.

Testifying in a trial where Mellon was acquitted of hiring a private detective in order to snoop into Tamara Mellon' h finances, the co-founder of Jimmy Choo shoes said she plus her husband had met in a meeting of Narcotics Anonymous whenever both were recovering from addiction.

The two wedded in 1999 at Blenheim Palace, among England' s grandest homes, along with friends Elizabeth Hurley and actor or actress Hugh Grant among the guests. These people divorced several years later.