Net Worth: $1.4 Billion
- Source of Wealth Business, Media
- Birth Place Pittsbrgh, Pennsylvana
- Marital Status Divorced to Frances L. Gilmore and Margaret “Ritchie” Battle
- Full Name Richard Mellon Scaife
- Nationality American
- Date of Birth July 3, 1932
- Occupation Businessman
- Education University of Pittsburgh and Yale University (expelled)
- Children three children
About Richard Scaife
American billionaire Richard Scaife has an estimated net worth of $1.4 billion as of March 2013. According to Forbes.com, he is #1031 in the World Billionaires List, #960 in 2012, #344 in the United States, and #347 in the Forbes 400 List. Born Richard Mellon Scaife on July 3, 1932 in Pittsbrgh, Pennsylvana, he was expelled from Yale University and later attended the University of Pittsburgh where he graduated with a bachelor’s degree in English in 1957.
A year after, Scaife sat on several corporate boards after his father passed away unexpectedly. He also became involved with his family’s many philanthropic organizations. When his mother died in 1972, he inherited a good part of the Mellon fortune. A portion of it was placed in trust funds and the rest were given in foundations. He and his sister became estranged a year after and he ended up having the primary control of the family foundations and funds.
Scaife started the small market newspaper the Pittsburgh Tribune-Review. It is known for openly skewing towards the right and it has never really turned a profit. He also owns a small take at the conservative magazine and website, NewsMax Media, and the KQV radio based in Pittsburgh. During the 2012 election, he donated at least $500,000 to conservative causes.