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Jody Allen net worth
Paul Allen never married or had children, and his estate was entrusted to his sister Jody Allen after his death. Jody Allen’s net worth is estimated at $20.3 billion. She was responsible for overseeing the execution of Paul Allen’s will. She also took control of the properties he owned, including the Seattle Seahawks NFL team, and continues to run Vulcan, Inc.
Where did Paul Allen’s money go?
After leaving Microsoft in 1983, Allen began investing in companies that would support his vision of a “wired world” where everyone was online. He made $25 billion investments in cable and internet providers as well as traditional and online media. He even purchased 80% of TicketMaster in 1993 but sold half his stake to The Home Shopping Network for HSN equity. In 2015, Allen founded Vulcan Aerospace.
Allen was a man of the arts, amassing an art collection that sold for $1.6 billion after his death. His other expensive hobbies were buying sports teams—he owned or had a stake in three professional sports teams—yachting, researching time travel, and exploring space.
Allen was also a philanthropist who spent the last decades of his life getting involved with various causes. His donations to these causes came to over $2 billion by the time of his 2018 death.
Why is Bill Gates richer than Paul Allen?
Microsoft was not an equal partnership. The equity was doled out in a 64/36 split that favored Gates. Paul Allen was only involved in the company from 1975 to 1983, at which time he began selling shares to fund his many other ventures that weren’t as successful as Microsoft.
He bought a large stake in AOL in the early 1990s but sold it all before it became big. He also lost around $7 billion by investing in cable companies.
Paul Gardner Allen famously led a lavish lifestyle. The billions he spent on passion projects, like music museums, ate into Paul Allen net worth.
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