Paul Allen is a well-known business magnate from America who is the co-founder of Microsoft along with Bill Gates. He is also an investor and is the founder of Vulcan Inc. Allen has got stakes in many other companies which includes media and technology companies and has got many real estate holdings. He is the owner of NFL’s Seattle Seahawks and NBA’s Portland Trail Blazers.
Let’s find out how much is Paul Allen’s net worth in 2018 And how did he managed to accumulate all the wealth and fame.
Paul Allen Early Life
Paul Gardner Allen was born on January 21, 1953, in Seattle, Washington to his parents Edna Faye Allen and Kenneth Sam Allen. He grew up in Seattle.
He went to Lakeside School, where he met Bill Gates. After completing his high school, Allen attended Washington State University and was a member of the Phi Kappa Theta fraternity. He dropped out soon from Washington State University.
Paul Allen has never been married. He also does not have any child of his own. In 1982, he was diagnosed with a type of cancer which got treated successfully.
He has made contributions worth billions to various organizations. He primarily donates to community services, wildlife conservation, science and technology, arts, and education. He has also established many non-profit institutions with many historic artifacts.
Paul Allen Career, Awards & Achievement
In 1975, Paul Allen started marketing the programming language interpreter called BASIC along with Bill Gates. In the same year, they formed Microsoft in Albuquerque, New Mexico. In 1980, they teamed with IBM to create IBM computers. Microsoft soon became a global brand, and the company’s annual revenue in 2015 was $86.83 billion.
In 1986, he founded Vulcan Inc., this led him to form Vulcan Capital, which is an investment arm. In 2013, he created the office in Palo Alto, California. The company has made investments in many companies like Audience Inc., Redfin, and Decide.com.
He holds 43 patents from the U.S. Patents and Trademark Department. He is also the co-founder of Interval Research Corporation along with David Liddle. He has got 80% of ownership in Ticketmaster. He bought Charter Communications in 1998.
Allen became the sole investor of the commercial aircraft Scaled Composites’ SpaceShipOne in 2004. The announcement to create Stratolaunch Systems was made in 2011. He has also ventured into real estate and has invested in millions of events and sports centers.
In 1988, Paul Allen bought the NBA team Portland Trail Blazers. In 1996, he bought the NFL team Seattle Seahawks. He is also the owner of Major League Soccer team Seattle Sounders FC.
In 2014, Seattle Business Magazine conferred Paul Allen with the Lifetime Achievement Award. He has received the Vince Lombardi Trophy as the owner of Seattle Seahawks. He was named as the “Philanthropist of the Year” in 2014 by Inside Philanthropy. Allen has received honorary degrees from several universities. In 2008, the National Cable & Telecommunications Association bestowed him with the Vanguard Award. Other awards won by Allen include Ischia Humanitarian Award, Andrew Carnegie Medal of Philanthropy, and Champion for Global Health Award.
Net Worth of Paul Allen
Paul Allen has an estimated net worth of more than $20.9 billion. He made this mammoth fortune by founding Microsoft. He is the world’s 46th richest person according to Forbes. Allen is the founder of Stratolaunch Systems, Institute for Cell Science, Institute for Artificial Intelligence, and Allen Institute for Brain Science. His wealth comes from various sources. He is also the executive producer of Vulcan Productions and has produced many films, television shows, and documentaries.
Paul Allen is considered one of the most popular business magnates in the world. He has done several contributions to various charitable organizations and has been active in his career for over four decades. He has won several accolades for his contribution to philanthropy. His sister, Jody Allen is also a philanthropist and businesswoman.