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Billionaire Mellon heir dies at 82



Published: Sat, July 5, 2014 @ 12:00 a.m.

Associated Press

PITTSBURGH

Richard Mellon Scaife, the billionaire heir to the Mellon banking and oil fortune and a newspaper publisher who funded libertarian and conservative causes and various projects to discredit President Bill Clinton, has died. He was 82.

Scaife died early Friday at his home, his newspaper, the Pittsburgh Tribune-Review, reported. Scaife’s death comes less than two months after he announced in a first-person, front-page story in his Pittsburgh Tribune-Review that he had an untreatable form of cancer.

He was the grand-nephew of Andrew Mellon, a banker and secretary of the Treasury who was involved with some of the biggest industrial companies of the early 20th century. Forbes magazine estimated Scaife’s net worth in 2013 at $1.4 billion.

Pennsylvania Gov. Tom Corbett said in a statement Friday that Scaife’s passing “marks the departure of a man whose vision and generosity shaped the city’s progress and our nation’s course.”


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