Billionaire Banking Heir Matthew Mellon Dies at 54

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He is survived by his first wife, Jimmy Choo co-founder Tamara Mellon, and his second wife, fashion designer Nicole Hanley, as well as three children.

Billionaire banking heir Matthew Mellon has died. He was 54.

His cousin Peter Stephaich confirmed Mellon's death, but declined Tuesday to provide any details. Mellon had struggled with drug addiction, and reports said he died at a rehabilitation center in Cancun, Mexico. Dr. Alberto Sola, medical director at Clear Sky Recovery, told The Hollywood Reporter that Mellon died prior to his scheduled check-in at the rehab center, however. 

Mellon comes from the Mellon and Drexel families of Bank of New York Mellon and Drexel Burnham Lambert.

According to Mellon's LinkedIn account and documents of the Securities and Exchange Commission, he attended the Wharton School and later worked in fashion, telecommunications and finance, most recently as an adviser for the digital currency company Ripple Labs.

Mellon also served for a time as the chairman of the finance committee of the Republican Party in New York.

Mellon is survived by his first wife, fashion designer Tamara, his second wife, fashion designer Nicole Hanley, and three children.

Testifying at a trial where Mellon was acquitted of hiring a private detective to snoop into the finances of Tamara Mellon, the co-founder of Jimmy Choo shoes said she and her husband had met at a Narcotics Anonymous meeting when both were recovering from addiction.

They married in 1999 at Blenheim Palace, one of England's grandest homes, with friends Elizabeth Hurley and actor Hugh Grant among the guests. They divorced several years later.

Apr. 18, 11:04 a.m. Updated with statement from Clear Sky Recovery