Herbert Allen, Jr.

About Herbert Allen, Jr.

Birth Year: 1940
Birth Place: New York, New York, United States
Residence: New York City
Education: Williams College (B.A.)
Known for: Former president of Allen & Company
Spouse(s): Laura Parrish (m. ?; div. ?) Ann Reinking (m. 1982; div. 1989) Gail Holmes (m. ?; div. ?)
Children: 4, including Herbert Allen III
Parent(s): Herbert A. Allen Sr. Ethel Strong

Herbert Allen, Jr. Net Worth

Herbert Allen, Jr. was bornon 1940 in New York, New York, United States. Herbert "Herb" Allen controls boutique investment bank Allen & Co., which has had a hand in virtually every major tech IPO of the last decade, including Twitter, Groupon, Facebook, and LinkedIn. Allen & Co. traditionally specialized in media investments but recently has focused more on tech companies. Founded as an investment partnership in 1922 by Allen's uncle Charles, Allen was 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. He is still the largest known individual holder of Coca-Cola stock. His 12 million shares are worth about a half billion dollars. Allen hosts some of America's most important people at his firm's annual conference in Sun Valley, Idaho. Past attendees include billionaires Bill Gates, Mark Zuckerberg, Rupert Murdoch, Eric Schmidt and Sheryl Sandberg.
Herbert Allen, Jr. is a member of Investments

💰 Net worth: $1.71 Billion (Updated at 22 June 2018)

2010 $1 Billion
2011 $1.4 Billion
2012 $2 Billion
2013 $2.4 Billion
2014 $2.6 Billion
2015 $1.4 Billion
2016 $1.4 Billion
2017 $1.5 Billion
2018 $1.73 Billion

Some Herbert Allen, Jr. images

Biography/Timeline

1927

Herbert Allen Jr. is the son of Kathleen and Herbert A. Allen Sr. His Father was a high school drop out and stock trader who joined in 1927 an investment firm founded in 1922 by his older brother Charles, Allen & Company. Allen & Company specialized in corporate buyouts. A third brother Harold joined soon after. Allen Jr. has one sister, Susan Allen. His mother was an Irish Catholic and his Father - although the son of a Jewish mother - was a non-practicing Unitarian.

1962

Allen Jr. was raised in Irvington, New York and graduated from Williams College in 1962 and immediately joined Allen & Company. In 1966, at age twenty-seven, he was appointed President. In 1973, Allen & Company purchased a controlling interest in Columbia Pictures. In 1982, Allen & Company launched the Sun Valley Conference and The Coca-Cola Company bought Columbia for $750 million in cash and stock giving Allen Jr. a seat on the Board of Directors.

1998

In 1998, he donated $20 million to Williams College.

2002

In 2002, Allen Jr. ceded control of the firm to his son Herbert Allen III.

2005

Allen has been married and divorced twice. His first wife was Laura Parrish; they have four children: Herbert Allen III is married to Monica de la Torre, a public-interest Lawyer and native of Puerto Rico; Charles Allen works at Allen & Co. as an institutional salesman and in 2005, married Kristin Wheat Fisher in a Methodist ceremony; Leslie Allen; and Christie Allen. His second wife was Broadway Dancer Ann Reinking, whom he married in 1982 and divorced in 1989.