Quick Facts

American lumber baron, record producer, songwriter, and real estate developer Tim Blixseth is also a developer of real estate. Most people are familiar with Tim Blixseth as the co-founder of the Yellowstone Club, an exclusive ski and golf resort in Big Sky, Montana.

How much is the Net Worth of Tim Blixseth?

Tim Blixseth has a net worth of negative $250 million and has filed for bankruptcy. He is currently defending himself against legal difficulties.

Early Years

Tim Blixseth, also known as Timothy Lee Blixseth, was born on April 27, 1950, in Roseburg, Oregon, in the United States. He is 73 years old, and according to his birth certificate, he is an American citizen. Regarding his parents, siblings, youth, ethnicity, and many other topics, there is insufficient information accessible.

It is known, nonetheless, that his parents belonged to “a local cult” named Jesus Name of Oneness. He claims that he was raised on welfare in Roseburg, Oregon. To continue with his education, he enrolled in Roseburg High School (class of 1968). But it’s still unclear if he went to college or not.

What is the Professional Career of Tim Blixseth?

Tim Blixseth began working at a sawmill after graduating from high school. Later, he entered the wood business and established the Blixseth Group, a management and sales organization for timber.

Yellowstone Club

He changed his attention to real estate development at the start of the 1990s and started buying properties in Montana. In addition, he had the idea of building a posh private community with opulent amenities and special access to skiing and golfing. The Yellowstone Club was founded as a result in 1997.

With noteworthy members like Bill Gates and Warren Buffett, The Yellowstone Club swiftly became known as a haven for the rich and famous. Additionally, the opulent amenities and distinctive location of the club close to Yellowstone National Park drew purchasers and investors to Blixseth’s creation.

The Yellowstone Club, however, ran into financial issues in the late 2000s. Blixseth and his then-wife, Edra Blixseth, took out large loans against the club’s assets, which resulted in legal issues and financial problems. In addition, the pair had a divorce in 2008, the same year that the Yellowstone Club declared bankruptcy.

Bankruptcy and legal issues

After the bankruptcy, he was accused of mismanagement and fraud and was involved in legal disputes. He was a defendant in disputes over the management of club funds and was had to make large settlement and court judgment payments.

In June 2011, he filed a lawsuit against one of his personal attorneys for legal negligence and personal damage relating to the bankruptcy of the Yellowstone Club.

In addition, he demanded $375 million in damages, alleging that his former personal lawyer Stephen Brown plotted to “plot against” him during the bankruptcy proceedings where it turned out that Blixseth had pillaged the club and given it to his ex-wife Edra Blixseth while still in debt.

Brown disputed the charges. Blixseth’s claims were rejected by U.S. District Judge Donald W. Molloy in March 2012. In July 2011, the federal bankruptcy judge in charge of the case determined that Blixseth’s allegations of fraud and conspiracy in the Yellowstone Club bankruptcy had already been examined and found to be unfounded.

He then filed a lawsuit against Credit Suisse and their appraisal firm, claiming that they duped him into taking $300 million in loan payments and caused the resort to go bankrupt as a result.

Granted bail appeal

Trustees of the Yellowstone Club claim that Blixseth stole $286 million more from the club prior to its bankruptcy, which creditors are pursuing. In an effort to get the many judgements rendered against him reversed, Blixseth is still defending himself against these allegations.

Also, in December 2014 and again in April 2015, he was imprisoned for civil contempt for failing to pay fines imposed by the court and failing to explain what had happened to assets ordered to be kept in escrow to pay his creditors. In July 2016, he was freed after receiving bail while an appeal was ongoing.

Songwriting

Blixseth has engaged in a number of other commercial endeavors aside from his affiliation with the Yellowstone Club, such as real estate development initiatives in Mexico and other regions of the United States. In addition to business, he is well-known for his songwriting. His ex-wife Edra and he co-wrote the charity record “Heart of America.”

In the meantime, the song served as the theme song for the 2005 “Make a Difference” campaign on the Today TV program to raise money for Hurricane Katrina victims. The song was created by Wynonna Judd, Michael McDonald, and Eric Benet.

According to a June 2006 Ebony magazine article, the song had raised $41 million and was expected to earn $100 million in sales. The song was credited with raising $127 million for disaster relief organizations, according to The Desert Sun in August 2006.

What is the Relationship Status of Tim Blixseth?

Tim Blixseth is currently divorced after four previous marriages. There aren’t many precise information available about his first marriage.

His second wife Desiree Langlois gave birth to two children; son Beau and daughter Morgan. From 1983 through 2008, he wed Edra Denise Crocker, his third wife. He later wed Jessica T. Ferguson Kircher in 2009, and the two later got divorced in 2016.

Body Measurements and Social Media

Short brown hair and brown eyes are both features of Blixseth. His precise body dimensions, including height, weight, and a host of other factors, are still unknown. Additionally, this individual is not currently active on any social media platforms, including Twitter, Instagram, and Facebook.

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