Herbert Allen Jr. net worth
Herbert Allen Jr. Net Worth: Herbert Allen, Jr. is an American entrepreneur with a net worth of $2.5 million. Born in Herbert “Herb” Antony Allen, Jr. in 1940, he serves as Chairman of the investment bank Allen & Co. After graduating from Williams College in 1962, Allen joined the New York-based Allen Company, founded in 1922 by his father Herbert Allen Sr. and his uncles Harold Allen and Charles Allen. Established investment partnership. , Jr. Four years later, Allen was named president, and later, in 1973, the company acquired a controlling stake in Columbia Pictures.
A decade later, Allen sold Columbia Pictures to The Coca-Cola Company for $750 million and gained a seat on Coke’s board, giving Allen a lucrative position in Coca-Cola’s many follow-on deals. In 2002, Allen handed over his CEO role to his son, Herbert A. Allen III, and since then the company has taken an interest in well-known tech companies, including Yelp, Google, Z illow, Facebook, Zynga, LinkedIn and Groupon. Additionally, Allen & Co. hosts an annual conference in Sun Valley called Camp Allen, bringing together the biggest names in the media and technology industries.
