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Tim
Blixseth
grew up impoverished and made millions
in his twenties buying and selling timber
and timberland at large profits, eventually
loosing everything when lumber tycoons
caught on and deliberately took hits on
sales to force Blixseth to lose money.
He lost everything, only to rebuild his
wealth through strategic real estate investments
in Montana.
Born
to Norwegian immigrants in Oregan of 1950,
Timothy Bixseth grew up in an impoverished
household. Before he was born, his father
fell ill to undulant fever and was unable
to support their family, forcing them
all to live on welfare. As the youngest
of five, Blixseth grew up with four older
sisters around him while he sneaked music
into his room late at night.
Although
he originally intended to be a musician
and songwriter, Blixseth quickly found
a calling in business and profit. In his
early teens Timothy Blixseth worked late
shifts at lumber mills and grocery stores
to help make money and he took Saturday
classes in order to graduate high school.
His first business transaction happened
at the age of 15 when Blixseth saw an
ad for donkeys at $25 each. He bought
the donkeys, took them home, and turned
around and sold them for $75 each. Realizing
his profit margins, Blixseth was excited
and started looking for other deals.
Blixseth
graduated high school in 1968 only to
spend one hour in college. He attended
a single class at Umpqua Community College
and quickly determined that, instead of
learning about academics, he needed to
learn how to make money. So Blixseth left
to find his career.
After
enlisting in the National Guard, with
two weeks active duty every year, Blixseth
commuted to Hollywood from Roseburg in
hopes of making a living as a musician.
Since he could only play music by ear,
Blixseth lacked the necessary techniques
needed in the community so he turned to
railroad and timber mill work instead.
His
work in lumberyards helped him with his
first large business transaction. He saw
an ad selling timberland for $90,000 and
quickly approached the owner. He arranged
to put $1,000 down and pay the remainder
within a month. The owner agreed. Tim
Blixseth turned around and sold it to
the Rosenburg Lumber Company that owned
the surrounding timberland. The original
owner never sold it due to a personal
conflict with the company, but Blixseth
was free to turn it over. He made a $50,000
profit.
Blixseth
continued to gamble his funds on purchases
and sales of timberland, amassing great
wealth by the time he was 30. By 1981,
Lumber companies caught on to Blixseth
and started rigging sales to make him
poor. Blixseth was forced to sell timber
and properties at a loss. Interest rates
grew to 22% and the value of timber dropped
by 90%, forcing companies to seize his
assets. By the end of the year, Tim Blixseth
was close to poverty.
Timothy
Blixseth began to rebuild. In 1988 he
helped create Crown Pacific with Peter
Stott. through which he purchased hundreds
of thousands of acres in Idaho and Oregan
in 1989 the company bought even more acreage
from the Scott Paper Company and by 1990
the company had $400 million in debt.
Stott bought out Blixseth and they extinguished
the profits. Blixseth was able to retire
a wealthy man.
But
retirement didn't sit well and Blixseth
began working again. He purchased 164,000
acres in Montana with the McDoughal brothers.
They ended up selling some of it to the
government and the McDoughal brothers
took the timberland. Blixseth, seeing
the potential in the property, held on
to a few thousand acres of development
land. Although he originally wanted to
turn it into a small retreat, it became
so popular with other people, that he
developed it into the first private ski
and golf community in the world. Yellowstone
Club has a championship golf course and
miles of ski trails.
Tim
Blixseth is developing Yellowstone Club
World, an exclusive travel opportunity
for his members with access to yachts,
jets, and 25 international properties
including castles in Europe.
This Tim Blixseth biography may
not be reproduced online.
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