Mellon, Richard

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Mellon, Richard Gender: M
Mellon, Richard Beatty
born on 19 March 1858
Place Pittsburgh, Pennsylvania, 40n26, 80w00
Timezone LMT m80w00 (is local mean time)
Data source
Documented source; untimed
Rodden Rating AX
Collector: Starkman
Astrology data s_su.18.gif s_piscol.18.gif 28°50' s_mo.18.gif s_taucol.18.gif or s_gemcol.18.gif


American banker, industrialist, and philanthropist.

He and his brother Andrew W. Mellon, sons of Judge Thomas Mellon, were frequent business partners. Richard served under Andrew at Mellon Bank, and assumed its presidency in 1921 when Andrew was appointed Treasury Secretary. They also made joint philanthropic gifts, notably several large donations to their alma mater, the University of Pittsburgh, including creation of the Mellon Institute of Industrial Research to honor their father, which is now a part of Carnegie Mellon University.

R.B. served from 1899–1910 as president of the Pittsburgh Reduction Company, renamed the Aluminum Company of America (Alcoa) in 1907, and was heavily invested in the Pittsburgh Coal Company, today part of CONSOL Energy, where he clashed with John L. Lewis and the United Mine Workers. Later, he was instrumental in forming Mellbank Corporation, a bank holding company, which helped the affiliated banks weather the Great Depression.

In 1918, R.B. Mellon organized the Citizens' Committee on City Plan, which sought to improve Pittsburgh through better urban planning and zoning. In honor of his civic efforts, the Air and Waste Management Association recognizes individuals who have made administrative, legislative, and judicial contributions to the field of pollution abatement with the Richard Beatty Mellon Award.

Mellon's philanthropic gifts were primarily church-oriented. In 1926 he established a $15 million pension fund for Presbyterian ministers. He and his wife Jennie Taylor King were the major donors to the Cathedral of Hope, the new home for the East Liberty Presbyterian Church, which they and their parents had attended. He died in December 1933, before the new building was completed. The $13.3 million in taxes paid on his estate enabled the state to meet its payroll.

He died 1 December 1933.

Link to Wikipedia biography


Source Notes

Starkman quotes "United States Passport Applications, 1795-1925", birth time unknown. Starkman rectified to 08.55.00 LMT Asc 1Gem12'


  • Lifestyle : Financial : Philanthropist
  • Lifestyle : Financial : Wealthy
  • Vocation : Business : Banker/ Financier