Paul Allen Net Worth
Paul Allen net worth: Paul Allen is an American industrialist, investor, musician, sports team owner and philanthropist who has a net worth of $17.1 billion. Paul Allen earned the majority of his personal fortune by being the co-founder of Microsoft. Allen co-founded the software company with his childhood friend Bill Gates. Allen met Bill Gates while they were both attending the Lakeside School in Seattle. He went on to attend Washington State University but dropped out after two years. As computer industry was slowly forming, Allen convinced Gates to drop out of Harvard in order to found a software company. They set up shop in Albuquerque, New Mexico in 1975. It was Allen who eventually dubbed their venture "Micro-Soft". They trademarked the shortened version "Microsoft" on November 26, 1976. The company IPOd on March 13, 1986. After the first day of trading, Allen's 25% stake was worth $195 million. He was 33 years old. As you know by now, over the next few decades Microsoft became one of the most valuable companies in the world and made its founders extraordinarily rich.
Today Paul Allen is the is chairman of Charter Communications, and founder and chairman of Vulcan Inc., his private asset management company. Allen has a multi-billion dollar investment portfolio that includes investments in over 40 other media, technology, and content companies. Allen is also the owner of three professional sports teams: the Portland Trail Blazers of the National Basketball Association (NBA), the Seattle Seahawks of the National Football League (NFL), and the Seattle Sounders FC franchise. Allen, like his colleague Gates, is involved in philanthropy, making contributions toward the advancement of science and technology, and to organizations related to health and human services.