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Tim Blixseth | |
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| Born | April 27, 1950 Roseburg, Oregon, U.S. |
| Occupation(s) | Real estate, timber, songwriter |
| Spouses |
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| Children | Beau Blixseth (b. 1979) Morgan Blixseth-Luccio(b. 1981) |
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]
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]
- ^ Former timber baron Blixseth goes on trial, accused of 'looting' $286M from Yellowstone Club, Minneapolis Star Tribune, February 23, 2010.
- ^ Ex-billionaire to seek sanctions, Seattle Times, May 18, 2011.
- ^ Court: Montana can pursue resort founder Tim Blixseth into bankruptcy, by The Associated Press, The Oregonian, December 18, 2012.
- ^ 9th Circ. Upholds Contempt For Bankrupt Ski Club's Founder, by Jeff Sistrunk, Law360, October 9, 2014.
- ^ Blixseth - Ninth Circuit Bankruptcy Appellate Panel Rules Nevada Is Proper Venue For Involuntary Bankruptcy Against Former Billionaire Because Holding Companies Formed There, by Jay Adkisson, Forbes Magazine, December 30, 2012.
- ^ Tim Blixseth claims he's too broke to comply with court order in continuing battle over Yellowstone Club, by Jeff Manning, The Oregonian, December 18, 2014.
- ^ Blixseth fraud trial court seeks assets and answers, New West, February 25, 2010.
- ^ Yellowstone Ski Resort for Super Rich Files Bankruptcy, Fox News, November 12, 2008.
- ^ "Settlement reached in decade-long legal saga over Yellowstone Club bankruptcy". Helena Independent Record. Associated Press. Retrieved 2018-06-01.
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