Paul Gardner ALLEN

Primary Position Chairman Age 63
Primary Company Vulcan Birthday 21 Jan 1953
Estimated Net Worth At least $18 billion Residences Mercer Island, Washington, United States
Beverly Hills, California, United States
Atherton, California, United States
Provence-Alpes-Cote d'Azur, France
New York, New York, United States
Kailua Kona, Hawaii, United States
Source Self-Made
Hometown
Seattle, Washington, United States
Religion Unknown
Ethnicity Caucasian
Alternative Names Marital Status Single

Biography

Allen started his career in 1974, as a Programmer at Honeywell. In 1975, he co-founded Microsoft with William Gates. At Microsoft, he served in various positions from 1975 to 1983. In 1983, he quit Microsoft but continued to serve on its board until 2000. In 1986, Microsoft went public. Currently, he holds less than 5% stake in Microsoft. In 1986, he founded Vulcan, his private investment vehicle. Through Vulcan, he manages his various business interests. Allen owns more than 20 vintage World War II fighter jets through his Flying Heritage Collection. His collection includes a Grumman F6F Hellcat, a Fieseler Fi 103 V-1, a Scaled Composites SpaceShipOne, a Hawker Hurricane Mk.XIIA and a Mitsubishi A6M3 Zero. Allen is a generous philanthropic donor whose lifetime giving exceeds $2 billion, primarily towards education, health and human causes.

Education History

Institution Name Qualification Name Education Type Start Date End Date
Washington State University (WSU) Dropped Out Undergraduate 1972 1974
Lakewood School Diploma High School 1971

Interesting Facts

Allen was ranked among the "Top 200 Art Collectors" by ArtNews from 2012 to 2015.
In April 2014, Allen sold his white-walled contemporary-styled mansion in Carbon Beach, which is also known as the Billionaire Beach, in Malibu, California, for $28 million. The 5,800-square-foot mansion was purchased by Les Moonves, the CEO of mass media firm, CBS Broadcasting.
In 2011, he released his memoir "Idea Man: A Memoir by the Cofounder of Microsoft."
In 1982, he was diagnosed with Hodgkin's disease and in 2009, with non-Hodgkin's lymphoma.
In 2015, Allen was awarded the Carnegie Medal of Philanthropy, an award given in honor of the philanthropic contributions made to the welfare of the public.
His Flying Heritage Collection has American P-51 and P-47 fighters, a Japanese Zero fighter, a Grumman F6F-5 Hellcat, a Soviet T-34 tank, a German Hetzer tank, and a German 88-millimeter anti-aircraft gun.
In January 2016, Cayman Islands' Department of Environment accused Allen for having caused serious damage to the protected coral reef in the Cayman Islands when his 300-foot yacht "Tatoosh" dropped its anchor, allegedly damaging almost 14,000-square-feet of coral reef. Allen's team reportedly released a statement saying the crew was directed by the Port Authority to anchor the yacht in that location. In February 2016, Allen announced an agreement on a plan to restore the damaged coral reef. The cost of the restoration was however not disclosed.
In 2015, Allen and a team of researchers reportedly found a Japanese battleship that had sunk during World War II.
Allen organized "Cannes Film Festival" in his yacht named "Octopus" to which 200 guests were invited.
In December 2013, Allen sold his private island, Allan Island, located southwest of Washington, for around $8 million.
Over the years, Allen has held stake in various companies through Vulcan, including Audience, High Speed Access, RCN, Shaman Pharmaceuticals, and SumTotal Systems.
Allen's private investment vehicle, Vulcan co-sponsored the 2015 Seattle Art Fair, a four-day art show with an estimated $250 million of contemporary art on offer that started on July 30, 2015.
In May 2014, Allen sold his Mark Rothko painting "Untitled (Red, Blue, Orange)" for more than $50 million.

Interests, Passion, Hobbies

Hobby Name Description
Politics Generous political donor gives to both sides of the political aisle. Lifetime giving exceeds $240,000.
Boating - Yachts Owns three yachts; 414-foot 'Octopus,' 303-foot 'Tatoosh' and 199-foot 'Meduse.'
Music He is a big fan of the late Jimi Hendrix and Nirvana so launched an "EMP Museum" at Seattle, Washington which has huge collections of Jimi Hendrix and Nirvana. He has his own rock band, "The Underthinkers", where he plays the guitar. In 2013, the band released their debut album, "Everywhere at Once."
Sports - Basketball He is the Owner of Portland Trail Blazers, a professional basketball team based in Portland, Oregon. They play in the Northwest Division of the Western Conference in the National Basketball Association.
Aviation Allen created the Flying Heritage Collection, a museum to display his collection of restored World War II aircraft. Allen owns more than 20 vintage World War II fighter jets through Flying Heritage Collection. His collection includes a Grumman F6F Hellcat, a Fieseler Fi 103 V-1, a Scaled Composites SpaceShipOne, a Hawker Hurricane Mk.XIIA and a Mitsubishi A6M3 Zero. In 2013, he bought a Wernher von Braun-designed V-2 rocket to be exhibited at the Flying Heritage Collection. Vulcan has leased a 2001 Bombardier Global Express and owns a 2011 Bombardier Global Express XRS and a 2014 Gulfstream G-650.
Sports - American Football He is the Owner of Seattle Seahawks, a professional American football franchise based in Seattle, Washington. They are members of the West division of the National Football Conference in the National Football League.
Science - Space In April 2015, Allen through his investment vehicle Vulcan founded Vulcan Aerospace, a company focusing on improving access to space. The company also plans to launch satellites and space programs for people in collaboration on a project with Huntsville, Alabama-based space transportation company Stratolaunch Systems.
Animals Allen is reportedly financing a campaign aimed at imposing penalties for illegal wildlife trafficking. The Initiative 1401, which was launched in April 2015, aims to protect 10 endangered species: elephants, rhinoceroses, tigers, lions, leopards, cheetahs, pangolins, marine turtles, sharks, and rays. In May 2015, he donated more than $300,000 to kick start the initiative.
Real Estate Allen reportedly has a collection of real estate properties across the world. He owns around 11 mansions on the Mercer Island, Washington and several other properties in California, Hawaii, New York and in French Riviera.
Technology - Social Networks He has an active Twitter account. His Twitter handle is @PaulGAllen.
Music - Guitars He received his first guitar when he was 16.
Art He has an art collection reportedly worth more than $250 million. He is a regular attendee of the Venice Biennale, a prestigious art festival held in Italy every two years.
Philanthropy Allen is a generous philanthropist who has donated approximately $2 billion to various causes. He also joined Warren Buffett's Giving Pledge, agreeing to donate 50% of his fortune to charitable causes.
Sports - Football/Soccer He is a minority Owner of Seattle Sounders Football Club, an American professional soccer club based in Seattle, Washington that competes in Major League Soccer.

Philanthropy

Giving Profile
Generous philanthropic donor gives primarily to educational, health and human causes. Lifetime giving exceeds $2 billion. Notable gifts include: $100 million to Allen Institute for Cell Science. In 2012, he pledged $300 million towards the Allen Institute for Brain Science and in 2014, pledged $100 million to fight Ebola. Chairman of the Paul G. Allen Family Foundation. In 2013, the foundation had assets exceeding $330 million and donated more than $16 million; gives primarily to educational, health and human causes. Notable gifts include: $12.5 million to SETI Institute, $6 million to the University of Washington, $5 million to Seattle BioMed, $4 million to Global FinPrint, a conservation project focused on the preservation of sharks worldwide, and $7 million in grants to a team of researchers who are working on new ways of combating Alzheimer's disease. In October 2015, Allen announced an additional $11 million in grants to institutions fighting against Ebola, out of which $2.1 million was awarded to Chembio Diagnostics Systems. Other recipients include: Chembio Diagnostics Systems, United Nations Office for the Coordination of Humanitarian Affairs (UNOCHA), Becton, Dickinson and Company, and Foundation for Innovative New Diagnostics (FIND). In March 2016, Allen pledged $100 million to launch Paul G. Allen Frontiers Group, a Seattle, Washington-based biotech research group that would focus on funding bio-science researchers.

Clubs & Boards

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Known Associates

Total known associates: 23. Total known associates net worth: $97.0 billion. To view details, sign up for Wealth-X Professional or Contact Us.

Family Details

Political Interests

Party Affiliation Unknown Political Profile Generous political donor gives to both sides of the political aisle. Lifetime giving exceeds $240,000. Recipients include: Hillary Diane Rodham Clinton, Maria Elaine Cantwell, Patty Murray, Rick Larsen, and Norman Dicks.