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Paul Mellon

Paul Mellon
Mellon paul.jpg
Paul Mellon
Born (1907-06-11)June 11, 1907
Pittsburgh, Pennsylvania, U.S.
Died February 1, 1999(1999-02-01) (aged 91)
Upperville, Virginia, U.S.
Alma mater Yale University
Occupation Businessman:
Corporate investor
Racehorse owner/breeder
Philanthropist
Spouse(s) 1) Mary Conover Brown (d. 1946)
2) Rachel Lambert Lloyd
Children Catherine, Timothy
Parent(s) Andrew W. Mellon &
Nora McMullen
Honors

Paul Mellon (June 11, 1907 – February 1, 1999) was an American philanthropist and an owner/breeder of thoroughbred racehorses. He is one of only five people ever designated an "Exemplar of Racing" by the National Museum of Racing and Hall of Fame. He was co-heir to one of America's greatest business fortunes, derived from the Mellon Bank created by his grandfather Thomas Mellon, his father Andrew W. Mellon, and his father's brother Richard B. Mellon. In 1957, when Fortune prepared its first list of the wealthiest Americans, it estimated that Paul Mellon, his sister Ailsa Mellon-Bruce, and his cousins Sarah Mellon and Richard King Mellon, were all among the richest eight people in the United States, with fortunes of between 400 and 700 million dollars each (around $3,400,000,000 and $6,000,000,000 in today's dollars).

Mellon's autobiography, Reflections in a Silver Spoon, was published in 1992. He died at his home, Oak Spring, in Upperville, Virginia, on February 1, 1999. He was survived by his wife, Rachel (a.k.a. Bunny), his children, Catherine Conover (first wife of John Warner) and Timothy Mellon, and two stepchildren, Stacy Lloyd III and Eliza, Viscountess Moore.

Paul Mellon was the son of Andrew W. Mellon, US Secretary of the Treasury from 1921 to 1932, and Nora McMullen of Hertfordshire and brother of Ailsa Mellon-Bruce. He graduated from The Choate School (now Choate Rosemary Hall) in Wallingford, Connecticut, in 1925, where he wrote for the literary magazine and composed the school hymn, and from Yale College in 1929, where he was a member of Chi Psi Fraternity, Scroll and Key and served as vice-chairman of the Yale Daily News. He was a great benefactor of his alma maters, donating the Mellon Arts Center and the Mellon (now Icahn) Science Center to Choate, and two residential colleges and the Yale Center for British Art to Yale. After graduating from Yale he went to England to study at Clare College, Cambridge, receiving a BA in 1931, while his father served as the US Ambassador to the Court of St. James's from 1932 to 1933. In 1930 he was a founding member, alongside Sir Timothy William Gowers, of the CRABS, the Clare Rugby And Boating Society (the oldest of the collegiate Gentlemen's societies still active). In 1938 he received an MA from Clare College. He was a major benefactor to Clare College's Forbes-Mellon library, opened in 1986.


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