Rank #2011
Herbert Allen Jr & family
Net worth $2.1B
Investment banking · United States
- Born
- Mar 05, 1940
- Age
- 86
- Source
- Investment banking
- Residence
- New York, New York
- Citizenship
- United States
- Marital status
- Divorced
- Children
- 4
- Education
- Bachelor of Arts/Science, Williams College
Net worth over time
Biography
- Herbert "Herb" A. Allen controls boutique investment bank Allen & Co., which focuses on tech companies.
- Allen & Co. has had a hand in several large tech IPOs of the last decade, including Twitter, Groupon and LinkedIn.
- The firm was founded as an investment partnership in 1922 by Allen's uncle Charles.
- Allen was reportedly 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.
- Allen is the largest individual holder of Coca-Cola stock, though his 12 million shares account for less than 1% of the company's stock.
- Allen hosts some of America's most important people at his firm's annual conference in Sun Valley, Idaho. Past attendees include Bill Gates and Mark Zuckerberg.
Financial assets
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