Paul Allen – Net worth of $20.3 billion

Octopus yacht e1629435935751

Paul Allen co-founded Microsoft, along with their childhood friend, Bill Gates. Allen died in October 2018, leaving behind his $20,3 billion fortune. After leaving Microsoft in 1975, Allen became a philanthropist and sports team owner.

He was diagnosed with Hodgkin’s disease in 1983 and died of complications related to the disease. Allen was the owner of the Superyacht OCTOPUS and TATOOSH.

NAMEPaul Allen
NET WORTH$20.3 Billion
SOURCE OF WEALTHMicrosoft
BORN1953-2018
COUNTRYAmerica
YACHTOCTOPUS and TATOOSH

Paul Allen NET WORTH

Paul Allen had a net worth of $20,3 billion when he died in 2018. He was the owner of the NBA’s Portland Trail Blazers and the NFL’s Seattle Seahawks. He also had a stake in the Seattle Sounders soccer team.

He owned a private asset management company called Vulcan Inc. The company invested in real estate, technology, media, and content. The company made numerous developments across industries. 

In 2004, Allen confirmed he was the only investor behind aerospace engineer and entrepreneur Burth Rutan’s SpaceShipOne.

Allen was the owner of the $285 million superyacht OCTOPUS and the $110 million yacht, TATOOSH. 

He was the owner of several homes worldwide, including his main residence, in Mercer Island, close to Seattle. The house, located at 6555 West Mercer Way, was one of approximately 11 properties that the billionaire owned. 

He could not land a helicopter on the property, so he built a floating helipad to travel by air to and from the house. It was valued at $39 million.

BUSINESS

Allen was a co-founder of Microsoft. He co-founded the company with Bill Gates, a fellow Seattle Lakeside School alum. Allen was the one who came up with the name Micro-Soft, combing the words microcomputer and software. 

After reaching success and wealth thanks to Microsoft securing a contract to supply the DOS that ran IBM’s PC line, the relationship between Allen and Gates became tenuous when they began arguing over small things.

After eight years with the company, Allen officially left Microsoft in 1982. His diagnosis of Hodgkin’s lymphoma determined his decision, and he remained on the board of directors as vice chairman.

Gates tried to negotiate a larger share of Microsoft for himself and tried to buy Allen out of the company for $5 a share. Allen left the company with his shares intact, which left him with a 36% share of the company that made him a millionaire when Microsoft went public. 

The pair later repaired their relationship and donated $2.2 million to their childhood Lakeside school in 1986 to commemorate their reconciliation. The pair remained friends until Allen died in 2018.

PHILANTHROPY

Allen spent much of the remainder of his life pursuing philanthropy. He gave more than $2 billion towards advancing science, technology, education, wildlife conservation, art, and community service. 

He established the Paul G. Allen Family Foundation with his sister Jody. Like Bill Gates, Allen signed The Giving Edge, promising to give away half his fortune to philanthropy.

He received several commendations for his philanthropy, including the Andrew Carnegie Medal of Philanthropy.

He launched the Allen Institute for Brain Science in 2003 with a $100 million contribution toward discovering how the human brain works. Before the end of his life, Allen donated more than $500 million to the institute. 

Do you have anything to add to this listing?

Total
0
Shares
Related Posts