Richard Scaife’s profile picture

Richard Scaife

Richard Scaife’s profile picture
Net worth 2018: $1.45 Billion
Industry: Investments
Country: United States
BirthDay: 3 July 1932
Sigh: Leo
Died On: 04/07/2014
Children: 3
Education: Bachelor of Arts / Science, University of Pittsburgh
BIOGRAPHY

Richard Scaife was bornon 3 July 1932 in United States. Richard Mellon Scaife, a conservative activist and wealthiest living heir of the Mellon family, died in July 2014. Scaife as a young man inherited more than $200 million from the banking fortune built by his grandfather, Richard Beatty Mellon, and uncle, R. K. Mellon. While other contemporary Mellons concentrated on giving money to museums, art collections and education, Scaife became best known for using his fortune to influence politics. He gave $1 million for Richard Nixon's reelection campaign, and reportedly funded groups to dig up dirt on President Clinton. As a businessman, he could have been called Citizen Scaife. He built a media company that included Pittsburgh's Tribune-Review, other small weekly newspapers and a majority stake in the conservative online newsmagazine Newsmax. But Scaife remained reclusive, rarely granting an interview throughout his entire life. He did engage in a highly public feud with his sister Cordelia (a Forbes 400 member until her death in 2005) and two nasty divorces. Scaife was estranged from his son David, according to a relative. He is also survived by a daughter, a daughter-in-law and two grandchildren. The bulk of his fortune will likely go to his right-wing-leaning foundations (The Sarah Scaife and Carthage foundations) and to keeping his newspapers alive.

NET WORTH STATISTIC
2010

$1.2 Billion

2011

$1.3 Billion

2012

$1.3 Billion

2013

$1.4 Billion

2014

$1.45 Billion

2018

$1.45 Billion

TIMELINE
2014

Scaife died after a battle with cancer on the morning of July 4, 2014 at his home, one day after his 82nd birthday

2013

By 2013, Scaife had dropped to number 371 on the listing, with a personal fortune of $1

2009

In 2009, Scaife reportedly controlled 42% of NewsMax, with Ruddy the 58% majority owner, CEO and editor

2007

In September 2007, the Post-Gazette and reporter Dennis Roddy found that the Scaife divorce papers, which had been under seal, were available to the public on the Web site of the Allegheny County Prothonotary's office

2006

On April 8, 2006, the Tribune-Review published an article describing a fight between Scaife's estranged wife and three of his servants over a dog that Scaife told the New York Daily News his wife had given him

2005

The couple subsequently separated, and, on December 27, 2005, the Pittsburgh Police responded to a call placed by Richard Scaife reporting trespassing at Scaife's residence in the prestigious Shadyside section of Pittsburgh

2004

After the investigation, Starr was appointed to head Pepperdine's law school in 2004, and became president of Baylor University in 2010

2002

He was named to the PoliticsPA list of "Sy Snyder's Power 50" list of influential individuals in Pennsylvania politics in 2002 and 2003

2001

He provided support for conservative and libertarian causes in the United States, mostly through the private, nonprofit foundations he controlled: the Sarah Scaife Foundation, Carthage Foundation, and Allegheny Foundation, and until 2001, the Scaife Family Foundation, now controlled by his daughter Jennie and son David

2000

Besides donations to the Republican National Committee and various political campaigns such as Santorum 2000 and the Santorum Victory Committee for Rick Santorum, he has also supported political action committees such as the Pro-Growth Action Team, the Free Congress PAC (formerly: Committee For the Survival Of a Free Congress), and the Club For Growth Inc

1999

On February 8, 1999 former military intelligence specialist and progressive writer Steve Kangas was found dead less than 60 feet (18 m) from Scaife's office door inside One Oxford Centre in Pittsburgh

1998

Later, he supported such varied conservative and libertarian organizations as:By 1998, his foundations were listed among donors to over 100 such groups, to which he had disbursed some $340 million by 2002

1996

Starr accepted the post in 1996, but in the ensuing controversy, he gave up the appointment in 1998 before ever having started at Pepperdine

1994

Scaife was prior to 1994 an influential board member of the former Sacramento Union newspaper in the state capital of Sacramento, California

1992

In 1992, the two main newspapers in Pittsburgh were embroiled in a lengthy labor dispute that ultimately led the larger paper, the Pittsburgh Press, to cease operations, and for the remaining paper, the Pittsburgh Post-Gazette, to suspend publication for nearly six months until the Post-Gazette acquired the Press late that year

1990

In the late 1990s, during the height of the Clinton scandals, Scaife nevertheless continued to provide more than $1 million to the Corporation for Public Broadcasting, the prime benefactor of the Public Broadcasting Service (PBS)

1985

The trusts expired in 1985 and, per tax law, the foundations must give away 5% of their assets per year

1973

Scaife later said he was repulsed by the scandal and refused to speak with Nixon after 1973

1972

Scaife gained notoriety for evading weak campaign finance laws to donate US$990,000 to the 1972 re-election campaign of U

1970

He was also a major donor to abortion rights advocates, including Planned Parenthood, giving "millions" to the organization, although most of the donations ended in the 1970s, according to The Washington Post

1968

He was appointed to lead the United Citizens for Nixon-Agnew during the fall of 1968

1958

Scaife inherited positions on several corporate boards in 1958, when his father Alan died unexpectedly

1957

Scaife graduated with a bachelor's degree in English in 1957

1947

In June 1991, he married his longtime companion Margaret "Ritchie" Battle (born February 15, 1947), who had made the couple active in the social and cultural life of Pittsburgh

1932

Richard Mellon Scaife (/skeɪf/; July 3, 1932 – July 4, 2014) was an American billionaire, a principal heir to the Mellon banking, oil, and aluminum fortune, and the owner and publisher of the Pittsburgh Tribune-Review

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