Herbert Allen, Jr.’s profile picture

Herbert Allen, Jr.

Herbert Allen, Jr.’s profile picture
Net worth 2018: $1.73 Billion
Industry: Investments
Residence: New York, New York
Country: United States
BirthDay: 1940
Children: 4
Education: Bachelor of Arts / Science, Williams College
BIOGRAPHY

Herbert Allen, Jr. was bornon 1940 in New York, New York, United States. Herbert Allen, Jr. is #1384 in List Billionaires People In The World. Herbert "Herb" Allen controls boutique investment bank Allen & Co., which has had a hand in virtually every major tech IPO of the last decade, including Twitter, Groupon, Facebook, and LinkedIn. Allen & Co. traditionally specialized in media investments but recently has focused more on tech companies. Founded as an investment partnership in 1922 by Allen's uncle Charles, Allen was named president of the firm's nascent underwriting business in 1966 at the age of 26. In the summer of 1982 Allen & Co. sold Columbia Pictures to the Coca-Cola Company. He is still the largest known individual holder of Coca-Cola stock. His 12 million shares are worth about a half billion dollars. Allen hosts some of America's most important people at his firm's annual conference in Sun Valley, Idaho. Past attendees include billionaires Bill Gates, Mark Zuckerberg, Rupert Murdoch, Eric Schmidt and Sheryl Sandberg.

NET WORTH STATISTIC
2010

$1 Billion

2011

$1.4 Billion

2012

$2 Billion

2013

$2.4 Billion

2014

$2.6 Billion

2015

$1.4 Billion

2016

$1.4 Billion

2017

$1.5 Billion

2018

$1.73 Billion

TIMELINE
2005

as an institutional salesman and in 2005, married Kristin Wheat Fisher in a Methodist ceremony; Leslie Allen; and Christie Allen

1998

In 1998, he donated $20 million to Williams College

1982

His second wife was Broadway dancer Ann Reinking, whom he married in 1982 and divorced in 1989

1973

In 1973, Allen & Company purchased a controlling interest in Columbia Pictures

1966

In 1966, at age twenty-seven, he was appointed President

1962

was raised in Irvington, New York and graduated from Williams College in 1962 and immediately joined Allen & Company

1927

His father was a high school drop out and stock trader who joined in 1927 an investment firm founded in 1922 by his older brother Charles, Allen & Company

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