Herbert Allen, Jr.
New York, New York
Bachelor of Arts/Science, Williams College
United States
4
investment banking
$2,200,000,000
1168
#1168 Billionaires 2019
#235 Forbes 400 2013
Herbert "Herb" Allen controls boutique investment bank Allen & Co., which focuses on tech companies.Allen & Co. has had a hand in virtually every major tech IPO of the last decade, including Twitter, Groupon, and LinkedIn. The firm was founded as an investment partnership in 1922 by Allen's uncle Charles.Allen was reportedly named president of the firm's nascent underwriting business in 1966 at the age of 26. In the summer of 1982 Allen & Co. sold Columbia Pictures to the Coca-Cola Company.
Allen is the largest known individual holder of Coca-Cola stock. His 12 million shares are worth about a half billion dollars. Allen hosts some of America's most important people at his firm's annual conference in Sun Valley, Idaho. Past attendees include Bill Gates and Mark Zuckerberg.
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