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Top Rated 9 What is Paul Allen’S Net Worth 2022: Full Info

Top Rated 9 What is Paul Allen'S Net Worth 2022

FIDLAR will help you know What is Paul Allen’S Net Worth 2022: Should Read

Paul Allen, his full name: Paul Gardner Allen; he was born January 21, 1953 in Seattle, Washington, U.S.; and died October 15, 2018 in Seattle. He was an American investor and philanthropist best known as the cofounder of Microsoft Corporation, a leading developer of personal-computer software systems and applications, which helped ignite the microcomputer revolution of the 1970s and 1980s. Forbes listed Allen as the 44th wealthiest person in the world in 2018, with an estimated $20.3 billion net worth at the time of his death.

Paul is known as the most successful businessman of all time. In this article, let’s find out with Fidlarmusic Paul Allen’s net worth, and information about his successful career.

What is Paul Allen’s Net Worth and Salary 2022?

As of 2022, Paul Allen’s net worth is estimated to be $20.3 billion. He is best known as the co-founder, with Bill Gates, of Microsoft Corporation. Allen co-founded several other companies, including Vulcan Inc., a privately held investment and project management company. He is also a noted philanthropist, having donated large sums of money to various charitable causes and scientific research projects.

Paul Allen Overview

Paul Allen Overview

Early life

Allen was up in Seattle, where his father worked as the associate director of the University of Washington Libraries. He attended Lakeside School, an elite suburban private preparatory school, where he befriended fellow student Bill Gates, with whom he had an interest in computers, and began polishing their computer-programming talents together.

Allen earned a perfect SAT score of 1600 and attended Washington State University, where he pledged Phi Kappa Theta. He left college after two years to work as a programmer for Honeywell in Boston, close to where Bill Gates was enrolled at Harvard University. Allen persuaded Gates to leave Harvard in order to establish Microsoft.

Personal Life

Allen indicated desire for romantic love and a future family, although he was never married and had no children. His marriage arrangements with his first girlfriend were canceled because he “did not feel ready to marry at the age of 23.” Sometimes, he was deemed recluse.

Allen and The Underthinkers released their first blues-rock album, Everywhere At Once, in 2013. Allen plays electric guitar with Joe Walsh of the Eagles and Chrissie Hynde of the Pretenders, among others.

He established a living trust in 1993 to hold his assets. He had neither a spouse nor descendants, hence his only heirs are his sister Jody Allen and her children.

Life with Microsoft

Life with Microsoft

In 1975, Allen and Gates founded Microsoft in Albuquerque, New Mexico, and began marketing a BASIC programming language interpreter. Their first employee was Ric Weiland, a high school friend and collaborator. Micro-Soft, a combination of “microcomputer” and “software,” was conceived by Allen.

Microsoft promised to supply a disk operating system (DOS) to IBM for the initial IBM PC in 1980, despite not having built one. Allen spearheaded a deal for Microsoft to acquire QDOS (Quick and Dirty Operating System) from Seattle Computer Products’ Tim Paterson. Microsoft got a contract to produce the DOS that ran on IBM’s PC series as a result of this agreement, which paved the way for Allen and Gates’s wealth and success.

Allen left Microsoft in 1982 after being diagnosed with Hodgkin’s disease, but he remained on the board as vice chairman. According to reports, Gates requested that Allen pay him a portion of his shares to compensate for the increased amount of work that Gates was performing.

Allen resigned from the Microsoft board of directors on November 9, 2000, but he continued to serve as the company’s top strategist advisor. In January of 2014, he still owned 100 million Microsoft shares.

Businesses and investments

Vulcan Capital is the investing arm of Vulcan Inc. in Seattle, which manages Allen’s personal fortune. Allen established a new Vulcan Capital office in Palo Alto, California, in 2013 with an emphasis on investing in rising technology and internet startups.

Allen owned 43 patents issued by the United States Patent and Trademark Office.

Allen purchased a majority stake in Charter Communications in 1998. In 2009, Charter filed for bankruptcy reorganization, and Allen’s estimated loss was $7 billion. Allen retained a tiny share after Charter emerged from bankruptcy, which was valued at $550 million in 2012.

Philanthropy

Philanthropy

During his lifetime, Allen contributed more than $2 billion to the promotion of science, technology, education, animal conservation, the arts, and community services.

  • Science and investigation: Allen established the Allen Distinguished Investigators Awards (ADI) in 2010 to assist scientists pursuing early-stage research initiatives that struggle to secure financing from regular sources. The Paul G. Allen Frontiers Group, launched in 2016 with a $100 million contribution, intends to uncover and promote concepts at the forefront of bioscience in an effort to accelerate the rate of discovery. The organization will focus on scientists and study fields that “some may regard to be outside the box at the extreme edge of knowledge.”
  • Exploration: Under Allen’s leadership, Petrel discovered the USS Indianapolis, USS Ward, the Battle of Surigao Strait, and the Battle of Ormoc Bay in 2017. In 2018, Petrel discovered a missing US Navy C-2A Greyhound in the Philippine Sea, the USS Lexington in the Coral Sea, and the USS Juneau off the coast of the Solomon Islands.
  • Education: In 2017, Allen gave $40 million to rename the University of Washington’s Computer Science and Engineering department the Paul G. Allen School of Computer Science and Engineering, with an additional $10 million from Microsoft.
  • Arts: Christie’s stated on August 25, 2022, that an auction of Allen’s art collection will be conducted in November. The collection included paintings by Botticelli, David Hockney, Roy Lichtenstein, Vincent van Gogh, Edward Hopper, Andy Warhol, Gustav Klimt, Jasper Johns, and Jan Brueghel the Younger. It was the greatest auction in auction history. According to reports, all proceeds from the auction would be donated to charitable organizations.

Death and Awards

Paul Allen died on October 15, 2018, from complications of non-Hodgkin’s lymphoma. He was 65 years old.

  • He received the Vanguard Award from the National Cable & Telecommunications Association on May 20, 2008
  • In 2011, Allen was elected to the American Academy of Arts and Sciences.
  • On October 15, 2012, Allen received the Eli and Edythe Broad Award for Philanthropy in the Arts at the National Arts Awards.
  • On October 3, 2015, the Center for Infectious Disease Research presented Allen with the 2015 “Champion for Global Health Award” for his leadership and effort to fight Ebola.
  • On December 10, 2016, Allen, as co-owner of the Seattle Sounders FC, won the 2016 MLS Cup.

Why is Paul Allen’s famous?

Paul Allen is best known for co-founding Microsoft Corporation with Bill Gates in 1975. He is also a notable philanthropist, having donated billions of dollars to various causes over the years.

1 Paul Allen – Net worth of 20.3 billion

1 Paul Allen - Net worth of 20.3 billion

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4 Paul Allen Net Worth

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7 Jody Allen Net Worth 2022: Income, Salary, Career, Bio

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FAQs of Paul Allen

FAQs of Paul Allen

What is Paul Allen’s net worth?

Paul Allen’s net worth is estimated to be $20.3 billion.

What companies does Paul Allen own?

Paul Allen owns multiple companies, including the Seattle Seahawks, the Portland Trail Blazers, and Vulcan Inc.

Who owns Paul Allen’s estate?

Paul Allen’s estate is owned by his family. It can be said that Allen’s sister and her children are the heirs to Allen’s fortune

Does Paul Allen have children?

No, he has no children.

Conclusion

As of 2022, Paul Allen’s net worth is an estimated $20.3 billion. In an interview with Forbes, Allen attributes his success to his focus on technology and innovation. He is an American businessman, investor, and philanthropist.

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