Paul Allen Net Worth, Biography Age, Family, wiki, And Life Story Business: Richest; Richest Billionaires: 20 billion dollars. Born on Janu...
Paul Allen Net Worth, Biography Age, Family, wiki, And Life Story
Business: Richest; Richest Billionaires:
20 billion dollars.
Born on January 21, 1953; died on October 15, 2018; 65 years old.
He or she was born in Seattle.
Gender: Male
Height: 5 ft 10 in (1.78 m)
Programmer, business owner, investor, film producer, TV producer, inventor, and person who gives back to the community.
The person is from the United States of America.
How much did Paul Allen have in the bank?
Paul Allen was an American industrialist, investor, singer, owner of a sports team, and philanthropist. At the time of his death on October 15, 2018, he was worth $20 billion. Paul Allen made most of his money from being one of the people who started the software company Microsoft. Allen and Bill Gates, a childhood friend, started the software company together.
Paul Allen owned 25% of Microsoft's stock on the day it went public in 1986. At the time of his death, no one knew how much Paul Allen owned in Microsoft. In 2000, his share fell below 5%, so the company no longer had to report his interests. When Paul Allen died, most of his money came from the real estate, private equity, and energy industries. Allen owned more than a million square feet of retail, business, and industrial space in California, New York, Washington, and Oregon. He put money into Uber, DreamWorks, Plains All America, and Ticketmaster early on through his financial company, Vulcan Capital. Allen is said to have lost $8 billion of his own money by trying to expand the internet too soon.
Early Years
Paul Gardner Allen was born in Seattle, Washington, on January 21, 1953, to Kenneth and Edna Allen. In 1959, his sister Jody was born. He went to Seattle's private Lakeside School for high school, where he met and became friends with Bill Gates. The two liked computers the same way. Even though they were two years apart in age, they became fast friends and learned how to code and hack by using a school-owned computer system. The school bought what they thought would be a year's worth of time on the computer, but Allen and Gates used it all up in only three weeks. Allen didn't take long to figure out how to sneak into computer rooms and log in as an administrator. Allen even pretended to be a graduate student at the University of Washington so that he could get more time to program. He was caught and told he couldn't go back to the lab.
Allen got 1600 on the SAT, which is a perfect score. He then went to Washington State University and joined the Phi Kappa Theta club. After two years, he quit school to work as a programmer for Honeywell in Boston, near where Gates was a student at Harvard. Allen talked Gates out of going to Harvard so that the two of them could start a software company together. Microsoft was the name of that software company.
Microsoft
In 1975, Allen and Gates opened a business in Albuquerque, New Mexico. When they saw a story about the Altair 8800 in Popular Electronics Magazine, that was their big break. The computer was small and cheap, so it was perfect for use at home. The two guys contacted the company that made the Altair 8800 and offered to make a programming language for it. That language was called BASIC, and when it was made, it showed them how much they could gain from making a computer language. Oh, and yes, they made it for a computer that neither of them owned nor had ever even seen. Surprisingly, it worked, and their wording was right.
On November 26, 1976, Allen and Gates registered a brand for Microsoft. On March 13, 1986, the company went public. Allen's 25% share was worth $195 million after the first day of trade. He had turned 33. You probably already know that over the next few decades, Microsoft grew to be one of the most important companies in the world, making its founders very rich. Paul left Microsoft in the mid-1980s after a management disagreement with Bill Gates, but he stayed on the company's board of directors until 2000.
Vulcan Capital
Allen put the money from his Microsoft shares into his private venture company, Vulcan Capital, which he started with his sister Jody Allen in 1986. Today, Maaco and Meineke are both owned by Vulcan. It has built nearly 7 million square feet of real estate and was one of the first investors in the film company DreamWorks SKG.
Allen started Vulcan Aerospace, which paid for the SpaceShipOne project and won the $10 million Ansari X Prize in 2004. Richard Branson bought the technology that was used to make SpaceShipOne from Allen. (Which became SpaceShipTwo in the end.) When Allen died, his company, Vulcan Aerospace, was making the biggest plane in the world. He planned to use this plane as a place to send rockets into space.
Sports Team Ownership
Allen bought the Seattle Seahawks, the Seattle Sounders FC, and the Portland Trailblazers, all of which are professional sports teams. When previous owner and real estate developer Ken Behring threatened to move the team to Southern California, he bought the team for $194 million in 1997. During the time Allen owned the Seahawks, he built a new stadium, hired Pete Carroll, a former USC coach, won a Super Bowl, and worked to please a group of fans who are known to be some of the most passionate in the NFL. He was able to do that.
Collection of art
Paul Allen has built up a very impressive and expensive collection of art over the course of his life. Some of the most famous pieces in his collection are "Small False Start" by Jasper Johns from 1960 and "La Montagne Sainte-Victoire" by Paul Cezanne from 1888-1890. He also has works by Sandro Botticelli, Jan Brueghel, Edgar Degas, Claude Monet, Renoir, Georgia O'Keeffe, Mark Rothko, Paul Gaugin, Gustav Klimt, Canaletto, and others.
In August of 2022, it was reported that 150 of Allen's works would be sold at an auction run by Christie's. When the sale was first announced, it was thought that the 150 pieces would sell for more than $1 billion. All of the money made will go to charity.
Wellness and Dying
In 1982, Allen was told he had Stage 1-A Hodgkin's disease. Even though a few months of radiation treatments were able to cure his cancer. Allen was told he had non-Hodgkin cancer in 2009. In the same way, the cancer was treated successfully until it came back in 2018, which led him to die of septic shock on October 15, 2018. He had turned 65.
Personal Life
Allen was very involved in giving back to the community. He gave more than $2 billion to science and technology research, as well as to health and human services groups.
Everywhere At Once was the first blues-rock record by Allen and his band, The Underthinkers. It came out in 2013. Allen plays acoustic guitar well, and he does it with friends like Joe Walsh of the Eagles and Chrissie Hynde of the Pretenders.
Allen put his property into a trust that he set up in 1993. He didn't have a wife or children, so his sister Jody Allen and her children will get his money. Because Allen's properties are so rare and expensive, Jody and her children are likely to keep them. For example, Jody is the head of the Paul G. Allen Trust, which owns the Seattle Seahawks. There are no plans to sell the team.
Real Estate
Allen left a huge amount of real estate behind for his family. Allen had a home for every mood, from an apartment in Manhattan to a 4,000-acre retreat in Idaho to a mega-yacht.
In 2000, Allen bought Sol y Sombra, the home of the artist Georgia O'Keefe, in Santa Fe, New Mexico. The 20-acre piece of land is three miles from Santa Fe. When Allen bought the land, it had a main house with five bedrooms, 9,685 square feet, a 5,000-square-foot lodge, a guest house, and a coach house. When Allen bought it, it was on the market for $12,2 million.
Utah: In 2013, Allen bought the 2,066-acre Trees Ranch in southern Utah. There are public areas on three sides of the Trees Ranch. To the north and east is Zion National Park, and to the south are the Canaan Mountain Wilderness and the Bureau of Land Management. Allen paid a little less than $25 million for the land.
Atherton: In 2013, Allen bought a house in Silicon Valley with his sister in Atherton. They paid $27 million for a six-bedroom, six-bathroom house with an area of 22,005 square feet and a lot size of 1.97 acres. The house has a spa, a home theater, seven fireplaces, a five-car garage, two bedrooms, a guesthouse, a pool, and a house for the housekeeper.
In 2011, Paul Allen paid $25 million for the top in the 1920 limestone building at 4 East 66thStreet and Fifth Avenue. He had already bought a full-floor apartment on the 11th floor for $13.5 million in 1996. In July 2022, the two buildings were sold for $101 million by the estate of Paul Allen.
Paul Allen bought two homes in Idaho in 1993. They were near the small town of Tetonia, which is on the Idaho side of the Tetons and about 40 miles from Jackson, Wyoming. One of the sites was 2,400 acres of land on the border of Grand Teton National Park and Targhee National Forest. Allen bought the house for $7.25 million. About 15 years later, Allen paid $3 million for a piece of land with 1,200 acres. The land had a 10,000-square-foot pine lodge called the Teton Ridge Ranch. Before it closed in 2007, the Teton Ridge Ranch was known as one of the best elite resorts in the world. Rooms there cost $690 a night.
In 1997, Paul Allen spent $11 million to buy a 10.3-acre complex in Kailua Bay on the Big Island of Hawaii. The Four Seasons Hualalai Resort is close to the place. In 2011, a concert pool, a garage, and three new buildings were added, including a 9,080-square-foot house with five bedrooms and five bathrooms and a 2,968-square-foot house with six bedrooms and five bathrooms. There is also a small harbor on the land.
South of France: In the 1990s, Allen bought a house with 18 bedrooms in Cap Ferrat, which is in the south of France. During the 1996 Cannes Film Festival, Allen had a party there with a pirate theme. The house is called Villa Maryland.
Allen paid $9 million in 1996 for the 387-acre Sperry Peninsula on Lopez Island, Washington. It used to be a place where children went to camp since 1945. Allen built a number of cedar and stone buildings, such as his 13,000-square-foot, five-bedroom house, a 5,400-square-foot, nine-bedroom bunkhouse, a 3,150-square-foot beach house, another two-bedroom, 3,160-square-foot house, a two-bedroom, 1,240-square-foot caretaker's home, and a swimming pool.
Allen held eight houses on 10.8 acres of land on 13 lots on Mercer Island, a wealthy Seattle suburb on the shores of Lake Washington. There are 24,000 people living on Mercer Island, and there is only one bridge to the mainland.
Paul Allen Articles
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