A Wyoming billionaire with roots in one of America’s richest ancient monetary assets allocated 98% of the funds to build the Texas border wall

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Timothy Mellon is an heir to the Mellon banking fortune. This fortune was first established in the late 19th century by Timothy’s grandfather Andrew Mellon and his great uncle Richard. Later Mellon heirs increased the family fortune significantly over the decades.

Timothy is a major Republican financier. Mellon was also one of the top donors for former President Donald Trump’s re-election in 2020. He donated $ 20 million to the super-PAC America First Action to aid Trump’s re-election. Over the past three years, Mellon donated $ 30 million to the House GOP Super PAC and $ 30 million to the Senate Leadership Fund to support the Republican election to the US Senate. He’s apparently also a big supporter of the Texas border wall.

As it was first reported by the Texas Tribune, Timothy, who is from Wyoming and has no apparent direct ties to Texas, donated 98% of all money privately raised to help fund the Texas border wall. Timothy is based in Wyoming and his company, transportation holding Pan Am Systems, is based in Portsmouth, New Hampshire.

Texas Governor Greg Abbott has reached out to the private sector to help build a wall along the Texas-Mexico border. Abbott’s fundraiser wasn’t exactly a success at first. By mid-August, two months after the fundraiser started, 12,000 people had donated a total of $ 1.25 million. Then the number magically jumped to just over $ 54 million. It turned out that this jump was entirely thanks to Timothy Mellon, who presented the state of Texas with a $ 53 million gift. In other words, Mellon funded 98% of the amount raised so far.

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The Mellon banking dynasty

Timothy Mellon comes from one of the richest families in American history. His grandfather Andrew W. Mellon (1855-1937) was worth around $ 350 million at the time of his death. His uncle Richard B. Mellon (1858-1933) was Andrew’s business partner. It was also worth around $ 350 million at the time of his death. Adjusted for inflation and taking into account the relative purchasing power of their money at the time, they were both among the 15 richest Americans of all time.

Her father Thomas Mellon emigrated from Ireland to Pittsburgh in 1818 and became a judge. He then founded a bank called T. Mellon & Sons with his sons.

Andrew and Richard made a small fortune after investing in an inventor named Charles Hall who came up with a new way to make aluminum. The partners founded the Pittsburgh Reduction Company, which eventually became the Aluminum Company of America. They made additional investments in steel processes and other materials. When World War I broke out, their steel investments soared in value.

In 1921, Andrew temporarily left the family business to become Treasury Secretary after being appointed by President Warren G. Harding.

Today the extended Mellon family is worth a total of $ 11 billion.

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