Herbert Allen, Jr. Net Worth
| Net Worth | Salary | Birthdate | Birthplace | Gender | Height | Profession | Nationality |
|---|---|---|---|---|---|---|---|
| $2.5 million | N/A | 1940 | United States | Male | N/A | Entrepreneur | American |
Table of Contents
- What is Herbert Allen, Jr.’s Net Worth?
- Highlights
- Early Life
- Career
- Personal Life
- Net Worth Over Time
- Components of Net Worth
What is Herbert Allen, Jr.’s Net Worth?
Herbert Allen, Jr. is an American entrepreneur with a net worth of $2.5 million. Born in 1940, Herbert Allen, Jr., also known as Herb Allen, chairs Allen & Co., an investment bank based in the United States.
Highlights
– Herbert Allen, Jr. has a net worth of $2.5 million.
– He chairs Allen & Co., an investment bank.
– The company holds an annual conference called Camp Allen, which attracts top names in media and technology industries.
Early Life
Herbert “Herb” Antony Allen, Jr. was born in 1940 in the United States. He graduated from Williams College in 1962 and immediately joined Allen & Co., a New York-based investment bank founded by his father, Herbert Allen, Sr., and his uncles, Harold Allen and Charles Allen, Jr.
Career
After joining Allen & Co., Herbert Allen, Jr. quickly rose through the ranks. Within four years, he was appointed President of the company. In 1973, Allen & Co. acquired a controlling stake in Columbia Pictures, and ten years later, Allen sold the company to the Coca-Cola Company for $750 million. This deal also earned him a seat on Coke’s Board, which led to numerous profitable ventures.
In 2002, Herbert Allen, Jr. handed over his CEO position to his son, Herbert A. Allen III. Since then, Allen & Co. has shown interest in high-profile tech companies such as Yelp, Google, Zillow, Facebook, Zynga, LinkedIn, and Groupon. The company also hosts an annual conference called Camp Allen in Sun Valley, which serves as a gathering for influential figures in the media and technology industries.
Personal Life
Details about Herbert Allen, Jr.’s personal life are not provided in the article.
Net Worth Over Time
Herbert Allen, Jr.’s net worth of $2.5 million is reflective of his accumulated wealth up until the time this article was written. It’s important to note that net worth can fluctuate over time due to various factors such as investments, business ventures, and economic conditions.
Components of Net Worth
While the article does not explicitly mention the components of Herbert Allen, Jr.’s net worth, it can be inferred that his primary source of wealth is his position as the chairman of Allen & Co., an investment bank. Additionally, his involvement in high-profile tech companies and successful business deals have likely contributed to his net worth.
In conclusion, Herbert Allen, Jr. is an American entrepreneur with a net worth of $2.5 million. He chairs Allen & Co., an investment bank, and has had a successful career in the financial industry. With interests in various tech companies and a seat on Coke’s Board, his net worth reflects his business acumen and success.
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