Paul Allen Net Worth is $21 Billion USD and earns an annual income of $2 Billion dollars. Paul Allen is an American business magnate, investor and philanthropist. Paul Allen is known for co-founding Microsoft alongside Bill Gates. Paul Allen recently bought a brand new Aston Martin luxury car for $650,000 USD. The Net Worth of Paul Allen has seen a hike of 55% over the past few years. While calculating Paul Allen Net Worth we have included the data updated as of this Quarter. Check out the Exclusive information on Paul Allen Net Worth details such as Yearly Income, House, Car Collection, Investments etc. Also read Net Worth details of Tim Cook, Amancio Ortega and David A Siegel.
Paul Allen Net Worth and Income Details
|Paul Allen Net Worth||$21 Billion USD|
|Annual Income||$2 Billion USD|
|Luxury Cars – 12||$4 million USD|
|Houses – 5||$280 million USD|
Paul Allen Cars
The Car collection of Paul Allen is Quite Large. Paul Allen owns few of the best luxury cars in the world. The Car brands owned by Paul Allen include Rolls Royce, Range Rover and Aston Martin.
Paul Allen Biography
Paul Allen was born in January, 1953 in Seattle, Washington to Kenneth Sam Allen and Edna Faye (née Gardner) Allen. Paul Allen attended Lakeside School, a private school in Seattle, where he befriended Bill Gates, three years younger, with whom he shared an enthusiasm for computers.
They used Lakeside’s Teletype terminal to develop their programming skills on several time-sharing computer systems. They also used the laboratory of the Computer Science Department of the University of Washington; on at least one occasion in 1971 they were banned from the laboratory for abuse of their privileges there.
After obtaining a perfect SAT score of 1600 and graduation, Paul Allen went to Washington State University, where he joined Phi Kappa Theta fraternity, but dropped out after two years in order to work as a programmer for Honeywell in Boston, near where Bill Gates had ended up as well.
Paul Allen later convinced Gates to drop out of Harvard University in order to create Microsoft. Gates explained his official status with Harvard that, “…if things [Microsoft] hadn’t worked out, I could always go back to school.
In Albuquerque, New Mexico, Paul Allen with his friend Bill Gates, in 1975, began marketing a BASIC programming language interpreter. Allen came up with the original name of “Micro-Soft,” as recounted in a 1995 Fortune magazine article.
In 1980, after promising to deliver IBM a Disk Operating System (DOS) they had not yet developed for the Intel 8088-based IBM PC, Paul Allen spearheaded a deal for Microsoft to purchase a Quick and Dirty Operating System (QDOS) which was written by Tim Paterson who, at the time, was employed at Seattle Computer Products.
As a result of this transaction, Microsoft was able to secure a contract to supply the DOS that would eventually run on IBM’s PC line. This contract with IBM was the watershed in Microsoft history that led to Allen’s and Gates’ wealth and success.
Paul Allen effectively left Microsoft in 1982 due to serious illness. Paul Allen officially resigned from his position on the Microsoft board of directors in November 2000 but was asked to consult as a senior strategy advisor to the company’s executives and still owns a reported 100 million shares.
Paul Allen confirmed that he was the sole investor behind Burt Rutan’s Scaled Composites’ SpaceShipOne suborbital commercial spacecraft on October 4, 2004.
SpaceShipOne climbed to an altitude of 377,591 feet (115,090 m) and was the first privately funded effort to successfully put a civilian in suborbital space. It won the Ansari X Prize competition and received the $10 million prize.
Paul Allen has bankrolled a range of wildlife conservation projects over the past several years, including contributing millions in direct gifts and grants to program, projects, initiatives and charities.
By marrying technology development with philanthropic interests, he is working to address the trafficking of endangered species and ensure stable or thriving generations of wild animals.
Paul Allen provided more than $7 million to fund the census, the largest pan-African aerial survey since the 1970s. The Great Elephant Census team is flying over 20 countries to survey the African savannah elephants with hopes that the accurate and up-to-date data will spur immediate protective actions and long-term conservation management plans.
Paul Allen began supporting the University of British Columbia’s Sea Around Us Project in 2014 to improve data on global fisheries as a way to fight illegal fishing. Part of his $2.6 million in funding will go to create FishBase, an online database about adult finfish.
In 1989, Paul Allen donated $2 million to the University of Washington to construct the Allen Library, which was named after his father Kenneth S. Allen, a former associate director of the University of Washington library system.
In the same year, Paul Allen donated an additional $8 million to establish the Kenneth S. Allen Library Endowment. In 2012, the endowment was renamed the Kenneth S. and Faye G. Allen Library Endowment after Allen’s mother (a noted bibliophile) died.
In 2002, Paul Allen donated $14 million to the University of Washington to construct the Paul G. Allen Center for Computer Science and Engineering. The building was dedicated in October 2003.
In 2010, Paul Allen announced a gift of $26 million to build the Paul G. Allen School of Global Animal Health at Washington State University, his alma mater. The gift is the largest private donation in the university’s history.
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Paul Allen Net Worth Growth Estimate
The Net Worth and Income of Paul Allen is expected to continue to grow at a Strong pace. Over the next few years, Paul Allen’s Net worth is likely to grow by around 65%.