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Springfield, MO

Billionaire banking heir dies at 54

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Billionaire banking heir Matthew Mellon died at age 54.

Reports indicate he died at a rehabilitation center in Cancun, Mexico. Mellon had struggled with drug addiction.

Mellon was part of the Mellon and Drexel families of Bank of New York Mellon and Drexel Burnham Lambert.

Read more from The Associated Press.

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