Paul Allen Net Worth At Death
Paul Allen had an estimated net worth of $20 Billion at death. Entrepreneur and investor Paul Allen was best known for being one of the co-founders of Microsoft with Bill Gates. He earned the majority of his income from Microsoft.
Paul Allen, born on January 21, 1953, in Seattle, Washington, met Bill Gates, a fellow Lakeside School student and computer enthusiast, when Allen was 14 and Gates was 12. In 1975, college dropouts Allen and Gates founded Microsoft, less than a decade later. After being diagnosed with Hodgkin’s disease in 1983, Allen resigned and pursued other business, research, and philanthropic opportunities.
To calculate the net worth of Paul Allen, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets. All debts, such as loans and personal debt, are included in total liabilities.
Here’s the breakdown of his net worth:
|Net Worth:||$20 Billion|
|Monthly Salary:||$100 Million+|
|Annual Income:||$1 Billion+|
|Source of Wealth:||Programmer, Entrepreneur, Businessperson, Investor, Film Producer, Television producer, Inventor|
How Did Paul Allen and Bill Gates Meet?
Allen, 14, met 12-year-old Bill Gates, a fellow student and computer enthusiast, while attending Lakeside School outside Seattle. Allen and Gates both dropped out of college less than a decade later, in June 1975. Allen, a Washington State University graduate, founded Microsoft with the intention of developing software for the next generation of personal computers.
By the time Allen arranged for Microsoft to purchase the Q-DOS operating system for $50,000, the company had already supplied software to emerging companies like Apple and Commodore. After reinventing Q-DOS as MS-DOS, Gates and Allen installed it as the operating system for IBM’s PC offering, which dominated the market after its release in 1981.
Microsoft and Vulcan Ventures
As Microsoft grew and its stock rose steadily, Allen’s stake in the company he co-founded made him a billionaire at the age of just over 30. After being diagnosed with Hodgkin’s disease in 1983, Allen, known as the “idea man” counterpart to Gates’ “man of action,” resigned from Microsoft. His health was restored after several months of radiation treatment.
Allen began to focus on other projects after leaving Microsoft, hoping to find the next big idea lurking somewhere just out of sight. In 1986, he founded Vulcan Ventures to research potential investments; in 1992, he founded Interval Research, a Silicon Valley think tank. Allen began to put his long-term dream of a wired world society — in which virtually everyone is online — into action through Interval Research and Vulcan Ventures.
America Online, SureFind (an online classified ads service), Teluscan (an online financial service), Starwave (an online content provider), hardware, software, and wireless communications were among his investments. Allen built an infrastructure of over 30 different companies from 1994 to 1998 in pursuit of his “wired world” strategy. Allen became the owner of the nation’s seventh-largest cable company after Vulcan purchased Marcus Cable and more than 90% of Charter Communications in 1998. He invested nearly $2 billion in the RCN corporation in 1999, bringing his total holdings in the cable and Internet industries to more than $25 billion.
He also made significant investments in the creation of interactive media and entertainment. Allen had significant investments in over 100 “new media” companies. He purchased 80 percent of Ticketmaster in 1993 and sold more than half of his stock to the Home Shopping Network (HSN) in 1997. In late 1999, Allen and Vulcan Ventures agreed to fund POP.com, an Internet entertainment company founded by two prominent production companies: Imagine Entertainment, founded by director Ron Howard and producer Brian Grazer, and DreamWorks SKG, founded by entertainment titans Steven Spielberg, Jeffrey Katzenberg, and David Geffen.
Allen, who is already a DreamWorks investor, is said to have invested $50 billion in the company, which aims to create and distribute short films exclusively on the Internet. POP.com was supposed to launch in the spring of 2000, but it never got off the ground. Allen has also invested in Oxygen Media, a well-known company co-founded by Oprah Winfrey that specializes in producing cable and Internet programming for women.
Other Interests: Seattle Seahawks, Experience Music Project & More
Sports (he owned the NBA’s Portland Trailblazers and the NFL’s Seattle Seahawks) and music were among Allen’s other personal and philanthropic interests. His Experience Music Project, a $250 million interactive rock ‘n’ roll museum designed by architect Frank O. Gehry, opened in Seattle on June 23, 2000. Allen co-founded EMP with his sister, Jody Allen Patton, who is president of the museum’s board of trustees. He announced in April 2003 that he would spend $20 million to build the Science Fiction Experience, which opened in the summer of 2004. The museum promoted itself as having “entertaining and thought-provoking exhibits and programs.” Allen also established charitable foundations for medical research, the visual and performing arts, community service, and forest preservation.
Allen, a Jimi Hendrix fan since seeing him perform in 1969, played rhythm guitar in a Seattle band called Grown Men, which released their first CD in the spring of 2000. Allen and his band the Underthinkers released another album, Everywhere at Once, through Sony in 2013.
Vulcan Productions, Allen’s award-winning media company, announced on May 29, 2013, that it had signed on as a production partner of Pandora’s Promise, the groundbreaking documentary by Academy Award-nominated director Robert Stone. The film premiered to rave reviews at the 2013 Sundance Film Festival and was set to be released in the United States in November 2013.
According to a May 2013 press release from Vulcan Productions, Stone’s film tells the “intimate personal stories of environmentalists and energy experts who have converted from being fiercely anti to strongly pro-nuclear energy, risking their careers and reputations in the process.” Stone explores the environmental debate through the eyes of celebrities such as Stewart Brand, Richard Rhodes, Gwyneth Cravens, Mark Lynas, and Michael Shellenberger, among others.
“Pandora’s Promise presents nuclear power as a hopeful solution to climate change, and it is opening people’s minds to one of our time’s most critical issues,” Allen said. “This is exactly the kind of thought-provoking project on which we are proud to collaborate and support.” Girl Rising (2013), This Emotional Life (2010), Judgment Day: Intelligent Design on Trial (2007), Rx for Survival: A Global Health Challenge (2005), No Direction Home: Bob Dylan (2005), Strange Days on Planet Earth (2005), Black Sky: The Race For Space, and Black Sky: Winning the X Prize (2004), Lightning in a Bottle (2004), The Blues (2003), and Evolution (2003) are among the critically acclaimed films and series produced by Vulcan Productions (2001).
Allen pledged $100 million to fight Ebola in West Africa in 2014. That same year, he established the Allen Institute for Cell Science, which studies cells to better understand their behavior and how to combat disease. Allen is also interested in time travel and founded Vulcan Aerospace in 2015.
Allen lived on Mercer Island in Lake Washington, near Seattle.
Paul Allen Yacht
Allen’s yacht, the Octopus, is one of the largest in the world, measuring over 400 feet in length and equipped with two helicopter pads, a pool, and two submarines.
Battle with Cancer and Death
Allen’s health took another hit in the fall of 2009 when he was diagnosed with non-lymphoma Hodgkin’s and required additional radiation treatments. Fortunately, Allen overcame his cancer diagnosis as well. Allen, on the other hand, revealed in October 2018 that he had begun treatment for non-lymphoma. Hodgkin’s On October 15, 2018, he died as a result of disease complications.
Favorite Paul Allen Quotes
There are people out there who don’t see value in intellectual property, and so they’re always going to have a problem if there are lawsuits involving intellectual property.
I’m a very private person that prefers a low profile.
I was only in second grade when the Russian Cosmonaut Yuri Gagarin became the first man in space. The night of his launch – April 12, 1961 – I went out onto the front porch and stared up at the stars, trying to see his capsule passing overhead. Like millions of others, I was enthralled by the idea of space exploration and have been ever since.
I was a programmer.
The thing you realize when you get into studying neuroscience, even a little bit, is that everything is connected to everything else. So it’s as if the brain is trying to use everything at its disposal – what it is seeing, what it is hearing, what is the temperature, past experience.
I’m always trying to calculate the mathematical probability of certain outcomes.
Moore’s Law-based technology is so much easier than neuroscience. The brain works in such a different way from the way a computer does.
Some people can vent their anger, take a breath, and let it go, but I wasn’t one of them.
The promise of artificial intelligence and computer science generally vastly outweighs the impact it could have on some jobs in the same way that, while the invention of the airplane negatively affected the railroad industry, it opened a much wider door to human progress.
I enjoy creating new ideas, working on new creative projects.
View our larger collection of the best Paul Allen quotes.
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