Herbert Allen, Jr. Net Worth

Herbert Allen, Jr. Net Worth:
$2.5 Billion
splits: 1

Herbert Allen, Jr. Net Worth: Herbert Allen, Jr. is an American entrepreneur who has a net worth of $2.5 million. Born Herbert "Herb" Antony Allen, Jr. in 1940, he chairs Allen & Co., an investment bank. Right after his graduation from Williams College, in 1962, Allen joined New York-based Allen & Co., which was founded as an investment partnership in 1922 by his father, Herbert Allen, Sr., and his uncles, Harold Allen and Charles Allen, Jr. Four years later, Allen was appointed President, and later, in 1973, the company bought a controlling stake in Columbia Pictures.

A decade later, Allen sold Columbia Pictures to the Coca-Cola Company for $750 million, and a seat of Coke's Board which secured Allen a profitable spot on many Coke's following deals. In 2002, Allen handed over his CEO position to his son, Herbert A. Allen III, and since then, the company has had interests in high-profile tech companies, including Yelp, Google, Zillow, Facebook, Zynga, LinkedIn, and Groupon. Moreover, Allen & Co. holds an annual conference, called Camp Allen, in Sun Valley which brings the biggest names in media and technology industries.

Herbert Allen, Jr. Net Worth

Herbert Allen, Jr.

Net Worth:$2.5 Billion
Date of Birth:1940
Gender:Male
Profession:Businessperson
Nationality:United States of America
All net worths are calculated using data drawn from public sources. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. We welcome all corrections and feedback using the button below.
Did we make a mistake?
Submit a correction suggestion and help us fix it!
Submit a Correction