Matthew Mellon, the billionaire banking heir and Ripple’s advisor died at 54. He was also a former chair of the New York Republican Party’s finance committee. According to reports, he suddenly died in Cancun, Mexico at a rehabilitation center. He struggled with drug addiction and was admitted to the rehab center in Mexico to deal with an opioid dependency.
In 2016, Mellon told the Post about his addiction for treatment of an OxyContin habit of 80 pills per day. He said, “OxyContin is like legal heroin. And it needs to be addressed.” Mellon is survived by his two wives, fashion designers Tamara and Nicole Hanley, and three children, Force, Olympia, and Minty.
“Mellon made his fortune in cryptocurrency, turning a $2 million investment into $1 billion,” said a family representative. He was an early investor in Ripple [XRP]. He first invested in Bitcoin, which he later sold and spent $2 million to acquire XRP, making him billions. In February, Matthew told Forbes that he liked XRP because it operated within the traditional banking system.