Tim Blixseth
American real estate and timber baron / From Wikipedia, the free encyclopedia
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Timothy Lee Blixseth (born 1950) is an American real estate developer, record producer, songwriter and timber baron.[1] 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.[2] By 2012, he faced a forced bankruptcy for failing to pay the state of Montana $57 million in income taxes[3] and in 2014 he told the courts he was "too poor" to pay pending judgments and contempt findings for his fraud role[4] in the Yellowstone Club bankruptcy.[5][6]
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Tim Blixseth | |
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Born | (1950-04-27) April 27, 1950 (age 74) Roseburg, Oregon, U.S. |
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.[7] In 2008, the bankruptcy of the Yellowstone Club led to extensive litigation with Blixseth and his creditors.[8] The property emerged from bankruptcy under new ownership in 2009.[9]