Billionaire banking heir Matthew Mellon died at a rehabilitation center in Cancun, Mexico.
He was 54.
Mellon is a descendant of Judge Thomas Mellon, founder of the Mellon Bank — currently doing business under Bank of New York Mellon Corp. (NYSE: BK). He is also a direct descendant of Anthony Joseph Drexel, founder of a precursor to Drexel Burnham Lambert.
Per The Associated Press, the news of his death was confirmed by Mellon's cousin, Peter Stephaich. Details as to the what led to Mellon's…
