Paul Mellon

Paul Mellon 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.