Timothy Lee Blixseth is estimated to have a net worth of -$250 million 
-$250 Million
Timothy Lee Blixseth Wiki Biography
Timothy Lee Blixseth, a record producer, songwriter, and real estate developer, co-founded the Yellowstone Club. Initially one of the wealthiest individuals in the country, his involvement in fraud and financial irregularities significantly impacted his net worth.
As of mid-2017, sources estimated his net worth to be at a staggering minus $250 million, primarily due to exorbitant income taxes and penalties resulting from fraudulent activities. His wealth and assets have consistently been a topic of controversy. Given his current legal and financial problems, it is unlikely that his net worth will see any significant increase in the near future.
Tim Blixseth Net Worth $250 million
Blixseth attended Roseburg High School and graduated in 1968. He initially worked in a sawmill and later identified business opportunities in the timber industry through land swap deals and federal timber contracts. This led to the establishment of the Blixseth Group, initially focusing on the timber industry. Despite facing bankruptcy in 1981, Blixseth later experienced success with the creation of Crown Pacific, LTD, significantly boosting his net worth. He expanded into real estate, developing 15,000 acres of land in Montana, further increasing his net worth. The development saw significant backing from high-profile individuals such as Bill Gates and Dan Quayle, but also led to legal issues, including a lawsuit from cyclist Greg LeMond.
Amid his various business ventures, Blixseth ventured into software production, attempting to create a program for identifying hidden messages from terrorists. However, the technology was revealed to be a hoax, resulting in canceled deals and false terror alerts. Subsequently, Blixseth and his family faced government investigation.
Blixseth’s wealth has been marred by controversies and legal battles. Allegations of fraud from numerous creditors, multiple bankruptcy cases, and tax liabilities in several states have contributed to his financial woes. The Yellowstone Club’s bankruptcy further exposed his handling of funds from real estate developments, resulting in ongoing litigations. Despite these challenges, Blixseth has managed to evade jail time for contempt of court related to disclosing information about his assets, and legal proceedings are ongoing.
Regarding his personal life, details about his first marriage are unavailable. His second marriage, to Desiree Langlois, ended in divorce in 1981. He then married Edra Denise Crocker in 1983, with whom he remained married until 2008. Following his divorce from Edra, Blixseth married Jessica Ferguson Kircher. However, after assets given to Edra were discovered to be debt-encumbered, she and the Yellowstone Club filed for bankruptcy.
| Net Worth | -$250 Million |
| Date Of Birth | April 27, 1950 |
| Place Of Birth | Roseburg, Oregon, U.S. |
| Education | Roseburg High School |
| Nationality | American |
| Spouse | Edra Denise Crocker, Jessica Ferguson Kircher |
| IMDB |
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