What is Tim Blixseth's Net Worth?
Tim Blixseth is an American real estate developer, timber baron, record producer, and songwriter. Throughout his career, he has ventured into diverse industries, but his financial standing has reached a significant low with a net worth of negative $250 million.
Early Life and Career
Born in Roseburg, Oregon in April 1950, Blixseth embarked on his career with land swap deals and federal timber contracts. His business acumen led him to establish the Blixseth Group, which diversified into music, real estate, timber, and software ventures.
Yellowstone Club and Legal Issues
Blixseth co-founded the exclusive Yellowstone Club in Montana, drawing attention and wealth. However, financial missteps led to severe consequences. In 2012, he faced bankruptcy due to an inability to pay $57 million in income taxes to the state of Montana. By 2014, Blixseth claimed he was too financially distressed to settle pending judgments related to his fraudulent involvement in the Yellowstone Club's bankruptcy.
In 2015, Blixseth's legal troubles intensified when he served jail time for contempt. His career has been dotted with numerous personal and professional lawsuits and controversies.
