Who is mellon family

This move was wildly lucrative after the company developed a patent on processing aluminum and claimed a virtual monopoly on aluminum in North America. Andrew achieved particular wealth and fame, thanks to investments in companies such as Gulf Oil, which Andrew eventually bought out in Union Steel later merged with U. Steel to become the largest steel company in the world.

The Mellons also invested in other operations, including whiskey, shipbuilding, and manufacturing. The legacy of diverse investments lives on today, with more recent family members involved in computer programming and virtual currency enterprises. Carnegie Mellon has long been a leader at the intersection of technology, arts and humanity; inspired by one to better the others; harnessing the power of our differences to make a profound impact on our society.

Founders in history, Visionaries at heart. Industrial Titans, Revolutionary Philanthropists Because Andrew Carnegie and Andrew Mellon shared their wealth, higher education would never be the same. Founders, forward. Photo: user uploaded image. Richard Mellon Scaife.

Richard Mellon Scaife ; July 3, — July 4, was an American billionaire, a principal heir to the Mellon banking, oil, and aluminum fortune, and the owner and publisher of the Pittsburgh Tribune-Review.

During his life, Scaife was known for his financial support of conservative public policy organizations over the past four decades.

He provided support for conservative and libertarian causes in the United States, mostly through the private, nonprofit foundations he controlled: the Sarah Scaife Thomas Mellon.

Thomas Alexander Mellon February 3, — February 3, was an American entrepreneur, lawyer, and judge, best known as the founder of Mellon Bank and patriarch of the Mellon family of Pittsburgh. Andrew W. From the wealthy Mellon family of Pittsburgh, Pennsylvania, he established a vast business empire before transitioning into politics. He served as United States Secretary of the Treasury from March 9, , to February 12, , presiding over the boom years of the s and the Wall Street crash of A conservative Republican, Mellon favored policies that reduced taxation and the national debt in the aftermath of World War I.

Mellon's father, Thomas Mellon, rose to prominence in Pittsburgh as a banker and Paul Mellon. 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. In , 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 Richard King Mellon.