Billionaire banking heir and cryptocurrency investor Matthew Mellon dies in rehab at 54

Matthew Mellon (2nd L) and guests attend Dom Perignon, Alex Dellal, Stavros Niarchos & Vito Schnabel host From Earth to Heart at The W Hotel South Beach on December 4, 2015 in Miami, Florida. (Photo by )Dimitrios Kambouris/Getty Images for Dom Perignon

  • Billionaire Matthew Mellon is dead at 54.
  • He died at a rehab facility in Mexico after struggling with an addiction to painkillers.
  • Mellon is a descendant of the founders of Mellon Bank and investment bank Drexel Burnham Lambert.
  • In recent years he made a reported $ 1 billion investing in cryptocurrency XRP.

LONDON — Billionaire banking heir and cryptocurrency investor Matthew Mellon has died in a rehab facility in Mexico, according to multiple press reports. He was 54. 

His cousin Peter Stephaich confirmed Mellon’s death but declined Tuesday to provide any details, according to Bloomberg.

See the rest of the story at Business Insider

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