Herbert Allen Jr Net Worth is$26 Million
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Nickname: Herbert A Allen, Herbert A. Allen
Profession: Businessperson
Nationality: United States of America
Date of Birth: 1940
Herbert Allen, Jr. Net Worth: Herbert Allen, Jr. is an American entrepreneur who has a net worth of $26 million. Born Herbert "Herb" Antony Allen, Jr. in 1940, he chairs Allen & Co., an investment bank. Right after his graduation from Williams College, in 1962, Allen joined New York-based Allen & Co., which was founded as an investment partnership in 1922 by his father, Herbert Allen, Sr., and his uncles, Harold Allen and Charles Allen, Jr. Four years later, Allen was appointed President, and later, in 1973, the company bought a controlling stake in Columbia Pictures. A decade later, Allen sold Columbia Pictures to the Coca-Cola Company for $750 million, and a seat of Coke's Board which secured Allen a profitable spot on many Coke's following deals. In 2002, Allen handed over his CEO position to his son, Herbert A. Allen III, and since then, the company has had interests in high-profile tech companies, including Yelp, Google, Zillow, Facebook, Zynga, LinkedIn, and Groupon. Moreover, Allen & Co. holds an annual conference, called Camp Allen, in Sun Valley which brings the biggest names in media and technology industries.
Herbert A. Allen, Jr. is an American businessman and former president of Allen & Company.

Herbert Allen Jr. is the son of Ethel 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.
Allen, Jr. 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.
In 2002, Allen Jr. ceded control of the firm to his son Herbert Allen III.
In 1998, he donated $20 million to Williams College.
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.

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Herbert Allen Jr Latest News

Penthouse sells for $20M

Correction: “In the print edition of The Daily News on Jan. 31 for this article, the seller of an apartment at 733 Park Ave was misidentified. The seller was the estate of the late Ethel Allen. Also, the photo with the article was of Herbert Allen Jr ...
Posted: February 6, 2013, 5:20 am

Charles Allen Jr., 91, Founder Of Investment Company, Is Dead

His brother, Herbert, joined him five years later after he dropped out of DeWitt Clinton High School. Legend has it that -- still in their 20's -- the brothers made and lost a million dollars in the Crash of 1929. Charles Allen Jr. was a voracious reader ...
Posted: July 16, 1994, 5:00 pm

From LinkedIn to Facebook: the incredible client list of Wall Street's most secretive firm

It has no website (this one belongs to a different company), and employs fewer than 200 people. Herbert Allen Jr. led the company for years, and has a seat on the board of Coca-Cola. His son Herb Allen III, who is now CEO at the firm, was named on Vanity ...
Posted: June 13, 2016, 2:21 am
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