What is Paul Allen's Net Worth?





Paul G. Allen at Flying Heritage Collection

Name: Paul Allen

Born: January 21st, 1953

Company: Microsoft Corporation (MSFT)

Position: Co-Founder (Microsoft), Chairman (Vulcan, Inc.)


Paul Allen currently has a net worth of an estimated:

$19,251,000,000




Paul Allen's net worth is unchanged today (weekend)


Information:

Paul Allen, who co-founded Microsoft with Bill Gates, is one of the wealthiest men in the United States.

While many other extremely rich people have their wealth concentrated in one company, Paul Allen has been able to diversify considerably over the past couple of decades. This diversification, done through his company Vulcan, Inc., has been in the form of professional sports franchises (Seattle Seahawks of the NFL, Portland Trailblazers of the NBA, Seattle Sounders FC of the MLS), stakes in technology companies and massive swaths of land in Seattle.

The genesis of Allen's wealth was his stake in Microsoft. Allen dropped out of university to go to work at Honeywell, but was soon convinced by Bill Gates to start what would become Microsoft. Allen's stake in Microsoft was, at one time, worth approximately $30 billion. Over the past decade plus, Allen has slowly been whittling down his stake in the company, and currently owns a reported 100 million shares. Allen is not a company insider or officer, nor does he own a 10% stake, which means that he does not have to file with the SEC. Allen's relationship with Microsoft and Bill Gates became icy over the years - Allen slowly separated himself from the company, eventually resigning from Microsoft's Board of Directors in November of 2000.

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The bulk of Allen's fortune is controlled by Vulcan, Inc., which is the company that deploys his massive wealth. There are a number of small companies that comprise Vulcan, Inc., including Vulcan Capital (investment arm), Vulcan Real Estate and Vulcan Energy Corp.

Some of the companies that Allen has invested in over the years includes America Online, Charter Communications and Dreamworks SKG. Some of the investments were successes (Dreamworks SKG), while others were massive failures.

Allen has done particularly well with his investments in sports franchises. In 1988, Allen purchased the Portland Trailblazers for $70 million. The Trailblazers, who now have one of the NBA's most exciting young teams, are now worth a reported $587 million. With league revenues on the upswing and a significantly improved CBA agreement, NBA franchise values should continue to increase. Allen also owns the Moda Center, which is home to the Portland Trailblazers.

Allen also purchased the Seattle Seahawks in 1997 for $194 million. The Seahawks were close to moving to Los Angeles, but Allen moved in and bought the team. The Seattle Seahawks were valued at $1.1 billion before they won the Superbowl in 2014 - their value should continue to jump significantly. Allen also contributed a significant amount of money to help build CenturyLink Field, which is one of the loudest stadiums in the NFL.

Allen is also a part owner of the Seattle Sounders FC, which is one of the most successful franchises in Major League Soccer (MLS).

Allen, through Vulcan Real Estate, owns massive swaths of land in Seattle. Allen completed one of the most lucrative real estate deals in the history of the city of Seattle when he sold an office complex to Amazon.com for $1.16 billion in 2012.

Paul Allen is one of the most charitable people in the United States, as he has given away a significant portion of his wealth to various charitable initiatives over the years. Allen is also a strong and vocal supporter of various scientific initiatives, including the Allen Institute for Brain Science and the Allen Institute for Artificial Intelligence.

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Of course, Paul Allen also enjoys the trappings of his wealth, as evidenced by his massive 414 foot yacht, "Octopus", which has a basketball court, two helicopters and two submarines.

Allen also recently closed on a $27 million home in Atherton, which will serve as a temporary residence when he is away from his primary home on Mercer Island in the state of Washington. This massive Mercer Island property contains no less than six mansions, one of which was exclusively used by Allen's mother before she passed away in 2012.


Photo: Miles Harris



Q: How many shares of Microsoft Corporation does Paul Allen own?

A: 100,000,000


Notes:

Paul Allen is worth 249,043 times more than the median US household

If Paul Allen sold everything that they owned, they could fund the United States' deficit spending for 6.4 days.



Most Recent SEC Filings From Paul Allen

SC 13G/A [Amend] - Statement of acquisition of beneficial ownership by individuals
Filed: February 8, 2016, 6:47 pm

SC 13G/A [Amend] - Statement of acquisition of beneficial ownership by individuals
Filed: February 8, 2016, 6:46 pm

SC 13G/A [Amend] - Statement of acquisition of beneficial ownership by individuals
Filed: February 8, 2016, 6:45 pm

SC 13G/A [Amend] - Statement of acquisition of beneficial ownership by individuals
Filed: February 17, 2015, 6:55 am

SC 13G/A [Amend] - Statement of acquisition of beneficial ownership by individuals
Filed: February 13, 2015, 3:59 pm



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Note: Net Worth changes calculated at 4 pm EST daily

The net worth pages are strictly for entertainment purposes only. The information on these pages is based on speculation and shouldn't be construed as being accurate in any way.