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Billionaire Blixseth Misses $20 Million Payment to LeMond Group – the Yellowstone Club

March 12, 2008 /

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Tim Blixseth, the billionaire developer of the Yellowstone Club, a private ski resort in the Montana Rockies that has counted Bill Gates and golfer Annika Sorenstam as members, is short of cash, again.

Blixseth made his first fortune in timberland, then declared bankruptcy in 1986 when lumber prices fell. He made a second fortune as values rebounded and built the Yellowstone Club http://www.theyellowstoneclub.com/ .

By Anthony Effinger

Full Story: http://www.bloomberg.com/apps/news?pid=20601103&sid=aqYoXSWaLx_M

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