Herbert Allen, Jr.
Investments

Herbert Allen, Jr. Net Worth

3 months ago

Herbert Allen, Jr., born in 1940 in New York, is the president of Allen & Co., a boutique investment bank founded by his uncle Charles in 1922. Allen & Co. has been involved in many major tech IPOs, such as Twitter, Groupon, Facebook, and LinkedIn, and has traditionally specialized in media investments. In 1982, Allen & Co. sold Columbia Pictures to the Coca-Cola Company, and Allen is still the largest known individual holder of Coca-Cola stock. He also hosts an annual conference in Sun Valley, Idaho, which has attracted billionaires such as Bill Gates, Mark Zuckerberg, Rupert Murdoch, Eric Schmidt, and Sheryl Sandberg.
Herbert Allen, Jr. is a member of Investments

Age, Biography and Wiki

Birth Year 1940
Birth Place New York, New York, United States
Age 83 YEARS OLD
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

💰 Net worth: $1.6 Billion (2024)

Herbert Allen, Jr. is a prominent figure in the world of investments in the United States. As a highly successful businessman, his net worth is estimated to be a staggering $1.6 billion in 2024. Throughout his illustrious career, Herbert Allen, Jr. has made astute investment decisions that have propelled his wealth to unprecedented heights. Known for his sharp business acumen and an innate ability to spot lucrative opportunities, he has built a formidable reputation in the financial industry. With such a remarkable net worth, Herbert Allen, Jr. continues to be a force to be reckoned with in the world of investments.

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

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.

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Tags Living people American businesspeople American investors Directors of The Coca-Cola Company Stock and commodity market managers Williams College alumni American bank presidents American billionaires 1940 births

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About the author

Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.