Cancun, Q.R. — American Matthew Mellon, made wealthy for his investments in cryptocurrency, died a day before checking into a drug rehab center in Cancun.
“The billionaire Matthew Mellon, 53, died suddenly in Cancun, Mexico, where he attended a rehabilitation center for drug addicts,” reported his representative through a statement.
Mellon made his fortune in cryptocurrency, turning a $2 million investment into $1 billion,” read the statement to Page Six. He was an early backer of the digital currency XRP also known as Ripple.
Mr. Mellon struggled with drug addiction. A family representative said he died at a rehabilitation centre in the popular tourist destination city of Cancun.
Mr. Mellon “Died suddenly in Cancun, Mexico, where he was attending a drug rehabilitation facility”, a representative of the billionaire said in a statement given to the New York Post.
A statement from Dr. Alberto Sola, medical director at Clear Sky Recovery through a rep explained that “Matthew Mellon arrived in Cancun, Mexico, with his private entourage.
“He arrived by private plane and checked into his hotel in Cancun . . . Mr. Mellon was scheduled to Clear Sky Recovery on Monday. We received word that he died in his hotel on the morning of April 16, prior to his scheduled check-in.”
His long struggle with drug addiction came to light during 2004 divorce proceedings with Tamara Mellon, the British co-founder of luxury shoe brand Jimmy Choo.
In 2016, the billionaire was at a Malibu treatment centre to tackle a reported $100,000-a-month addiction to prescription opioid OxyContin.
The couple, who married in 1999 at Blenheim Palace, met at Narcotics Anonymous while they were both in recovery. He is survived by his three children, Force, Olympia and Minty. Melon was 53.