Beau Blixseth ?

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in order to visit thishousewillexist.org

Sorry for my poor english translation.



Tim Blixseth, 58, is considered one of the most brilliant entrepreneurs in the United States. The multiple billionaire grew up the son of Norwegian immigrants in Oregon, the family lived after a serious illness of his father's welfare.

His first profits of the college dropout was in the 70s with the trade of land for the wood processing industry. At age 30 he had made a fortune - and lost it in 1981, when prices slumped on the market by 90 percent.

The Yellowstone Club was his most profitable business idea and put him on the Forbes list of 400 richest men in the States: On an area of ??65 600 hectares in Montana, he established the alleged first private golf and ski resort in the world - offering a super-rich clients temporarily to the Bill Gates and his wife were.

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Warden of the super rich

Timothy Blixseth in the mountains of Montana has created a land of plenty. Meanwhile the real estate crash has hit the most exclusive holiday resort in the world. By Dietmar Ostermann

High in the mountains of Montana Timothy Blixseth has created in the years of the great boom in a land of plenty. When the rich were getting richer in America, as more and more private jets circled the sky, and even Nobel retreats like Aspen is no longer regarded as a truly exclusive, Blixseth wanted to do it for himself and his times really comfortable. In 1997 he opened in a picturesque corner of the Rocky Mountains to the "Yellowstone Club," right on the national park. Where once lived moose and grizzly bears, he installed a playground of superlatives, with its own golf course, private ski area on Pioneer Mountain Lodge and a glamorous, on display in the caviar appetizers for $ 350.

Selected so as the ambiance, the club members. Of these, there were around 300 Microsoft founder Bill Gates, long the richest man in the world belonged to them. For land and he had to shell out like-minded people in the Yellowstone Club is a seven-figure sum, for houses between five and 25 million dollars, solely for the recording fee, a quarter of a million. For America's super rich kept to themselves and their children could also be without bodyguards on the slopes.

Meanwhile the real estate crash has hit the most exclusive holiday resort in the world. The Yellowstone Club filed for bankruptcy. Even Tim Blixseth, 58, spent most of his assets, even in 2007 estimated at 1.3 billion dollars, lost to the recession and a war of roses with his ex-wife Edra. Former business partners such as the three-time Tour de France winner Greg LeMond have sued him. His plan to build on the example of the Yellowstone Club resorts worldwide for billionaires, ended after the loud bursting of the housing bubble with a mountain of debt.

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From welfare to the super rich

The rise of Tim Blixseth long appeared like a modern version of the rags-to-riches story. In his childhood, the son of Norwegian immigrants living on welfare. Then he was rich in timber trade - and had in the economic crisis in the early 80s for the first time to file for bankruptcy. A decade later he was up again. After his 40th Birthday, he wanted to sit in the early 90s, actually, with a fortune of $ 20 million to retire. But then he landed yet again a very big coup. Thanks to successful business and land speculation Blixseth was super rich in a few years. 1995 his name first appeared in the Forbes list of 400 richest U.S. citizens.

As Robert Frank, a columnist for The Wall Street Journal, accompanied him on the pinnacle of his business career for five days, ran Blixseth emphasizes still casually around in Hawaiian shirts and sandals. But he did not know already what to do with his money. Blixseth jetted between the Yellowstone Club in Montana, the castle in California, a ranch in Wyoming and the yacht back and forth from Mexico. He collected cars like children in the 80's Matchbox models, gave away 50-carat diamonds, employed ten private chefs and designed restless at dinner with a reporter on a napkin business plan for the next big thing.

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Blixseth's undoing was now that the economic crisis is also about America's rich elite do not bow. When there was precious for luxury yachts and jets as long as waiting times were earlier for the Trabant in East Germany, corresponded to the Yellowstone Club one-time spirit that everything was still a bit exclusive. Meanwhile, yachts and private planes for discount prices are sold off, seized millions of houses. It is estimated that today in the U.S. 30 percent fewer millionaires than a year ago. Even those who continue money enough has, his wealth is in crisis not as blunt: "Poorgeoise" is what the British Guardian wealthy U.S. citizens still plump full of money saving, the "run around like starving artist" suddenly: "You are rich and love to spend money - but they act as if it were up to them just as bad as the rest "

Spending is patriotic duty

Even Forbes magazine, the central organ of the Millionaire Guild, advised in a "survival guide for the wealthy" to stay calm: but now is a good opportunity, "lazy servant girl and to dismiss the apology with the recession." But continue spending money in this crisis patriotic duty - and Gulfstream jets, which would have cost $ 40 million recently, were now starting to have $ 14 million.

Up in the mountains of Montana, however, the Yellowstone Cockaigne of Tim Blixseth, over 500 precious parcels are still waiting for a buyer. What the self-made billionaire may not be so so itchy: "At some point you realize that you're not a better person just because you've earned more money than most other", a much quoted statement from him - "we all die bankrupt. "

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Auction: Blixseth estate in the Yellowstone Club

Once, the Yellowstone Club, a luxury club for millionaires in the mountains of Montana, the flagship of the couple, Tim and Edra Blixseth, who added the object with another jewel to its various luxury hotels. The 14,000 square meter resort with views of the Rocky Mountains was exclusive to only about 250 families worldwide accessible. They paid up to 35 million U.S. dollars for an accommodation in the exclusive hostel, told the "New York Times" last year. Among the famous guests of the club was opened in 2001, including Microsoft founder Bill Gates, Sylvester Stallone, a former vice president of the United States and several business leaders who were enthusiastic about the discretion in the system. For security in the complex ensures a former Security Charge of the U.S. president.

Minimum bid 11.1 million U.S. dollars

As the economic crisis came, they also made before the Blixseth and its exclusive Yellowstone Club is not just that collapsed in November 2008 under the enormous debt burden. After Tim Blixseth his shares in the plant at the separation from his wife wrote about this, they went in the wake of financial problems for 115 million U.S. dollars (approximately € 77 million) to financial investor Cross Harbor Capital. Since then flourished again the private club and attract new, wealthy members. Now is the property of the Yellowstone Club Blixseth of the real estate auction house Hall and Hall will be auctioned. The nearly 65 meter site, which had the couple built a private retreat includes two 2240 square meter villas with three bathrooms. They lie between the private ski hill and golf course at the end of a long road and are recognized as top real estate within the club. Each of the two houses has a central living area with fireplace and a rustic-style elegance is created. The minimum bid is 11.1 million U.S. dollars (approximately € 7.5 million) and the submission deadline is on 16 May The auction itself takes place on 20 May in Montana instead.

Membership in the exclusive club is the way, are not included in the purchase price and must be paid for separately, but a recording is not automatically guaranteed by the purchase, even if the ownership of a property one of the many shooting conditions. Furthermore, a membership that can normally occur only at the invitation of an existing member. Who makes it into the select circle, paying an admission fee of 250,000 dollars (170,000 euros) and the annual contribution of $ 16,000.

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Yellowstone Club: Blixseth-estate comes under the hammer

The Yellowstone Club is known as a haunt of the superrich. Who is or was a member here, as it made it. Only 250 families worldwide have access to this exclusive club in the middle of Yellowstone National Park. Famous members include Bill Gates or Sylvester Stallone and real figures from politics and business.

Up to $ 35 million you pay here for an accommodation with views of the Rocky Mountains. No question, the Yellowstone Club is legendary. 2008, the Club, but broke under one enormous mountain of debt and the founding couple, Tim and Edra Blixseth separated.

Many a person thought that was the end of the retreat place for the rich and famous would be, but after 2009 a new investor was found, the business is going well again. Now comes this month, the property right in the Blixseth Club under the hammer. These are two 2240 square meter villas, including private ski hill and golf course. The minimum bid is $ 11.1 million.

Whoever buys the property is, incidentally, is not automatically a member of the Yellowstone Club. Normally, a member must recommend a newcomer. In addition, there is an admission fee of around $ 300,000 and the annual contribution of $ 16,000.

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Playground of the super-rich makes bust

The association is regarded as a refuge for the super-rich Hollywood stars, politicians and billionaires in the exclusive Yellowstone Club, the balls hit the green and waving on private slopes into the valley. Now had the exclusive ski and golf club to file for bankruptcy.

Billings - Gentle winds between the green of forests and lakes, the sun is shining and the sky in the background rise the snow-capped Rocky Mountains in the blue sky.

Welcome to the Yellowstone Club in Montana, USA, "the world's only private ski and golf community," it says on the website of the U.S. exclusive resorts. $ 300,000 initiation fee and about $ 16,000 annual fee paid to date America's moneyed aristocracy, actually, on holiday to keep to themselves.

But even on the outskirts of this town for vacation retreat mature billionaires - is also Microsoft founder Bill Gates are among the members - does not stop the ugly reality.

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How Yellowstone spokesman Bill Keegan confirmed on Monday that the management of the club has applied for bankruptcy protection. They wanted the bankruptcy "as soon as possible" to leave behind, it said in the statement.

The finances for the daily operation had not yet secured, and the club will probably remain open during the ski season.

The affluent clientele of the club purchased land and built houses in the Rocky Mountain region. Cost: between three and 20 million U.S. dollars. It could last 340 members of the club offers for free. These included among others, in winter 60 private slopes with a total length of 56 kilometers or a 18-hole golf course in the summer.

The bankruptcy was the best step to long-term members and to secure the future of the Yellowstone Club, said company spokesman Keegan. The club was opened in 1999, on a 5,400 acre site in the Rocky Mountains.

Just two months after unveiling an ambitious manager Edra Blixseth expansion plans. It should also establish 450 more houses and apartments in the Yellowstone Club. Also, a spa, a golf clubhouse, a baseball field and other ski slopes were planned.

This is probably nothing now.

The bust is the climax of a series of disputes over the club. Had then recently the founding couple, Tim and Edra Blixseth leave, divorce, she had taken over after the management.

In August, the club has a dispute with Yellowstone-member and three-time Tour de France winner Greg LeMond only against payment of 39.5 million U.S. dollars of contamination. It had been about controversial holdings in the club.


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