Herbert Allen Jr & family
Overview
- Source of Wealth
- Investment banking
- Industry
- Finance & Investments
- Residence
- New York, New York
- Education
- Williams College (Bachelor of Arts/Science)
- Marital Status
- Divorced
- Children
- 4
Assets
- Coca-Cola Co.13,262,000 shares @ --KO-US
Biography
Herbert "Herb" A. Allen controls boutique investment bank Allen & Co., which focuses on tech companies.
Allen & Co. has had a hand in several large tech IPOs 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.
About
Allen is the largest individual holder of Coca-Cola stock, though his 12 million shares account for less than 1% of the company's stock.
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.