Business

Tim Blixseth Net Worth

Tim Blixseth Net Worth is
-$250 Million

Tim Blixseth Bio/Wiki, Net Worth, Married 2018

Timothy Lee “Tim” Blixseth (born 1950) is an American property developer, record producer, songwriter and lumber baron. He was a cofounder of the Yellowstone Club in Montana. Blixseth’s wealth and assets happen to be the topic of controversy. The insolvency of the Yellowstone Club in 2008 led to litigation.

With cash and property from his 1995 deal together with the U.S. Forest Service, Blixseth started development of 15,000 acres (61 km2) of immaculate Montana real estate outside of Big Sky. Blixseth said to a Montana Bankruptcy court as “I began the club using a pick-up truck as well as a hammer.” In 2005, they took in over $200 million from the income to build lots and memberships to rich business leaders, media stars and stars. Early Club members and investors comprised Bill Gates, Mary Hart, Dan Quayle and Steve Case. Leading to the Club’s ultimate monetary failure was Blixseth’s transactions with cyclist Greg LeMond. In 2002 LeMond, with four other relatives and associates, invested in the Yellowstone Club. LeMond additionally bought several building lots and kept a property in the resort. LeMond and associates sued Blixseth in 2006 following reports of a Credit Suisse loan to the resort of $375 million from which Blixseth allegedly took $209 million in a contested partial payout because of his ownership position. Blixseth said he used the funds to enlarge the Yellowstone Club to the Yellowstone World Club. In 2006 Blixseth told the New York Times that he “paid cash, without any help from investors, for all the properties which make up the Yellowstone World Club.” LeMond settled his suit with all the Blixseths for $39 million in 2007. Blixseth appealed several areas of the Yellowstone Club insolvency. In December 2013 Judge Haddon ruled Blixseth in contempt for perpetrating fraud and deceit from the Court after it had been disclosed that in 2011 he’d illegally sold-away assets frozen by an earlier court order to insure rulings against him in the Yellowstone Club bankruptcy proceeding.

Tim Blixseth Net Worth $1.2 Billion Dollars

Source
Wikipedia


Net Worth-$250 Million
Date Of Birth1950-04-27
Place Of BirthRoseburg, Oregon, U.S.
EducationRoseburg High School
NationalityAmerican
SpouseEdra Denise Crocker Blixseth
ChildrenMorgan Blixseth-Caldwell, Beau Blixseth

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