Who is Timothy Mellon: Timothy Mellon net worth: All about Donald Trump’s ‘patriot friend’ who donates $130 million for military salary during government shutdown

It was revealed that Timothy Mellon was a ‘friend’ of US Donald Trump, who donated $130 million for the salaries of military officials. The Pentagon confirmed Friday that it had accepted an anonymous $130 million gift to help pay members of the military during the government shutdown; This raised ethical questions after President Donald Trump revealed that a friend had offered a gift to cover any shortfall.

“That’s what I call patriotic,” Trump said Thursday as he announced the payment from the donor at a White House event. The president declined to name the man he called “my friend” and said the man did not want to be identified. The Pentagon confirmed it accepted the donation Thursday “under its general gift acceptance authority.”

Who is Timothy Mellon?

Timothy Mellon is the grandson of financier and U.S. Treasury Secretary Andrew Mellon. Mellon’s family business spans from oil to aluminum. According to reports, Timothy Mellon’s net worth is estimated at $700 million, $1 billion, and $4.2 billion.

Timothy Mellon Donation

Although large and unusual, the gift represents a small contribution to the billions of dollars needed to cover military salaries. The Trump administration told Congress last week it was using $6.5 billion to make payroll. The next payday comes later in the week, and it’s unclear whether the administration will move the money again to ensure the military isn’t left without compensation.

“The donation was made on the condition that it offset the cost of salaries and benefits for Service members,” said Sean Parnell, the Pentagon’s chief spokesman. “We are grateful to this donor for his help after Democrats chose to cut soldiers’ pay.” Congress is deadlocked over the government shutdown, which is now in its 24th day and is on track to become one of the longest federal shutdowns ever. Neither the Republicans who control the House and Senate nor the minority Democrats are willing to compromise on broader views on health care funding. Payments to soldiers are a major concern among lawmakers of both parties, as well as a political leverage point. The Trump administration last week shifted $8 billion from military research and development funds to make payroll, ensuring military compensation would not expire.

But it’s unclear whether the Trump administration will be willing or able to shift money again next week as tensions mount over the prolonged shutdown.

While $130 million is a huge sum, it would only cover a small fraction of the billions needed for military paychecks. Trump said the donation was to cover any “deficiencies.”

FAQ

Q1. How much did Timothy Mellon donate?
A1. Timothy Mellon donated $130 million in gifts.

Q2. Who is the President of the USA?
A2. It is US President Donald Trump.