Tim Blixseth (original) (raw)

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 1.3billion.However,basedoncourtrecordsfromhis2009divorce,newsreportsestimatedhis2011networthtohavedroppedto1.3 billion. However, based on court records from his 2009 divorce, news reports estimated his 2011 net worth to have dropped to 1.3billion.However,basedoncourtrecordsfromhis2009divorce,newsreportsestimatedhis2011networthtohavedroppedto200 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 broke" to pay pending judgments and contempt findings for his fraud role in the Yellowstone Club bankruptcy.