Meanwhile, the profes sional business managers and foundation executives who handle the Mellon billions car ry on quietly — always keep ing an eye on the younger generation of Melons to see which, if any, might emerge as a unifying force in the tradition of General Mellon. Judge Mellon had eight children, four of whom raised families, and there are doz ens of Mellon cousins scat tered around the country, many of them well‐to‐do and in prominent positions. Insiders are officers, directors, or significant investors in a company. Twelve years ago I began an application to the Andrew Mellon Foundation, but did not complete it. It was General Mellon, however, who acted as the family's financial catalyst through a Pittsburgh con cern called T. Mellon and Sons, which was dissolved soon after his death. “I don't envy those boys [Seward and Richard Mellon],” one Pittsburgh financier said. I wish them luck, though. as of 12/16/20. Like many sons who are expected to one day take over the family business, Mellon began learning the business from the bottom in 1920 as a me… as of 12/16/20. As a first step, they have been named by General Mellon's widow to sit at the head of Richard K. Mellon & Sons to oversee family interests. ¶Cassandra (Sandy) Mellon Henderson, 30. Featured as a part of – Most popular Celebrity. Richard has many family members and associates who include Sophia Mellon, Richard Mellon, Seward Mellon, Armour Mellon and Catharine Mellon. Our cousin, Elizabeth Rosemond Taylor, married John Warner, who was married Catherine Conover Mellon. Net Worth and Insider Trades. Various family members maintain offices on the 39th floor of the Mellon Bank building in Pittsburgh — a complex of offices that over looks Pittsburgh's Golden Triangle and is known to city businessmen as “heav en.” There they talk over problems and sometimes de cide on a course of action. All rights reserved. Besides that, you will also gain information on Current Net worth as well as Richard’s earnings, latest vehicles, luxury vacations. He was successively a law yer, judge and banker, and his first bank was named T. Mellon & Sons. View their obituary at Legacy.com ... Forbes magazine estimated Scaife's net worth in 2013 at $1.4 billion. Sarah Jane Negley was from one of the founding families of Pittsburgh, and her father Jacob had a 1,500-acre estate with a mansion dominating his own little village in what is now East Liberty. The other two senior Mel Ions who have died in recent years are General Mellon's sister, Sarah Mellon Scaife, in 1965; and his cousin, Ailsa Mellon Bruce, in 1969. Most sources agree on John D. Rockefeller being the richest American in history, although some define richest as an individual's wealth as a share of contemporary Gross Domestic Product (GDP). Mr. King owns over 410 units of TCF stock worth over $14,756 and over the last 3 years he sold TCF stock worth over $0. The Mellons, with their great wealth, are shielded by unlisted telephone num bers, phalanxes of lawyers, business and financial coun selors and family retainers. “There were some of them who were just damned glad the General was as inter ested in business as he was,” said one Pittsburgh observer. King Richard owns over 100,000 units of Trevi Therapeutics stock worth over $982,454 and over the last 2 years King sold TRVI stock worth over $0.Trevi Therapeutics stock worth over $982,454 and over the last 2 years King sold TRVI stock worth Son of Paul Mellon (the only living mem ber of the older generation) by his first marriage. CTRL + SPACE for auto-complete. Richard's reported annual income is about $90 - 99,999; with a net worth that tops $100,000 - $249,999. This is by design, however. Read Full Summary. At age 30 he set out to find a wife. The Mellons gained some of these positions by being money lenders to the right people at the right time. For the most part, the Mellons maintain a low publicity profile, and even many Pittsburgh residents, businessmen and newspaper men are unaware of how their most prominent family is deployed and what it is doing. At the age of 63 he continues to be active in these roles, and still functions as presi dent of the National Gallery of Art in Washington, which was founded by his father. One characteristic the family shares is an intense craving for privacy. He was known to his asso ciates as “the General” be cause he held an Army Re serve commission. Noted, Richard’s significant source of money is Celebrity, Currently We don’t have enough information about Cars, Monthly/Yearly Salary etc. Moreover some busi ness and financial associates of the family, when informed by Mellon spokesmen that a story on family activities was unwelcome, closed the door to information about family business or founda tion matters. In January 1971, Seward and, Richard Mellon, both adopted sons of Richard King Mellon, took over’ management of the Mellon economic interests. ¶Richard (Dick) Prosser Mellon, 31, the other adopted son of General Mellon. About the Richard King Mellon Foundation. Now living in Washington, she is engaged to be mar ried in June to J. Carter Brown, the Phi Beta Kappa, Harvard ‐ educated director of the National Gallery of Art, where her uncle, Paul Mellon, is president. Mr. Scaife is the oldest male of the new generation, but is less inter ested in business affairs than are some of his relatives, as sociates say. Estimates would put his net worth, just over $80 million in 1923, as high as $600 million — over $9 billion in today’s dollars — six years later. According to Wikipedia, Forbes & Various Online resource, Richard King Mellon’s estimated net worth Under Review. She Is an other adopted daughter of General Mellon (All his chil dren were adopted from The Cradle, an adoption agency in Evanston, Ill.). Described by Pittsburgh observers as a man who worked hard and played hard, he held the family to gether in a loose confedera tion when financial matters were at stake. Richard King Net Worth In addition to the Andrew W. Mellon Foundation, the family supports the Sarah Mellon Scaife Foundation (24th largest nationally in grants) and the Richard King Mellon Foundation (34th in grants). Richard King Mellon (June 19, 1899 – June 3, 1970), commonly known as R.K., was an American financier, general, and philanthropist from the Pittsburgh suburb of Ligonier, Pennsylvania Biography. After World War I, Mellon returned to Princeton, but left the university soon thereafter. Andrew's son, Paul, after an unhappy exposure to banking in Pittsburgh, left the family business after his father's death, and became an art collector, patron of the arts and horse breeder. 2020 America's Richest Families NET WORTH. The estimated Net Worth of King Mellon Foundation Richard is at least $982 Thousand dollars as of 9 May 2019. The estimated Net Worth of King Mellon Foundation Richard is at least $982 Thousand dollars as of 9 May 2019. The estimated Net Worth of Richard H King is at least $83.7 Thousand dollars as of 30 July 2019. Write CSS OR LESS and hit save. Got more information? Insiders are officers, directors, or significant investors in a company. For example, their bank backed Gulf and Alcoa with major financial help two genera tions ago at a time when Gulf was having oil‐well troubles in Texas, and alu minum had just been discov ered. years have been thrust into a heady atmosphere of high finance, charitable foundations and industrial holdings — follow ing the deaths of three of the four Mellons of the pre vious generation. Ultraconserva tive politically, he recently became chairman and pub lisher of a small (circulation 30,000) daily newspaper in Greensburg, Pa. ¶Cordelia (Cordy) Scaife May, 42. Richard's reported annual income is about $175 - 199,999; with a net worth that tops Greater than $499,999. Largely unknown to the public, some of the younger Mellons in the last ?? This is a digitized version of an article from The Times’s print archive, before the start of online publication in 1996. There are many grants I can apply for. The Richard King Mellon Foundation is currently the largest grantmaking organization in the region, and the 36 th largest in the United States. While his younger bro ther handles the business and financial responsibilities of the family, he will concen trate on the charitable and cultural interests. He and his second wife, Bunny, are frequently men tioned in society columns, sometimes through their friendship with Mrs. Jacque line Kennedy Onassis. Last updated: 1 January 2021 at 11:00am EST. Preserving Land, Water, Animals, and Economies. Five live in the Pittsburgh area, two in Washington, and one in Connecticut. Pittsburgh has two giants; the Richard King Mellon Foundation and The Heinz Endowments, both of which have net assets exceeding 10 figures. Mellon later told Forbesmagazine, "It was taken for granted that I would follow him in the bank." - 199,999 ; with a net worth at the time of his mother, brother and sisters! 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