Tim Blixseth
Timothy Lee Blixseth (born 1950) is an American real estate developer, record producer, songwriter and timber baron. He was a co-founder of the Yellowstone Club in Montana. In 2006, Blixseth was featured in the Forbes 400 List of wealthiest Americans with a net worth of $1.3 billion. However, based on court records from his 2009 divorce, news reports estimated his 2011 net worth to have dropped to $200 million. By 2012, he faced a forced bankruptcy for failing to pay the state of Montana $57 million in income taxes and in 2014 he told the courts he was "too poor" to pay pending judgments and contempt findings for his fraud role in the Yellowstone Club bankruptcy.
Tim Blixseth | |
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Born | Roseburg, Oregon, U.S. | April 27, 1950
Nationality | American |
Occupation(s) | Real estate, timber, songwriter |
Spouses |
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Children | Beau Blixseth (b. 1979) Morgan Blixseth-Luccio(b. 1981) |
Blixseth's wealth and assets have been the subject of controversy. In 2008, the bankruptcy of the Yellowstone Club led to extensive litigation with Blixseth and his creditors. The property emerged from bankruptcy under new ownership in 2009.