Herbert A. Allen Jr. is an American businessman and former president of Allen & Company.
Biography
Herbert Allen Jr. is the son of Ethel (née Strong) 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. His mother was an IrishCatholic and his father – although the son of a Jewish mother – was a non-practicing Unitarian.
Allen Jr. was raised in Irvington, New York and 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.
Philanthropy
In 1998, he donated $20 million to Williams College.
Personal life
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, whom he married in 1982 and divorced in 1989.
Summary
| Herbert A. Allen Jr. | |
|---|---|
| Born | 1940 (age 76–77) |
| Residence | New York City |
| Nationality | United States |
| Education | Williams College (B.A.) |
| Known for | Former president of Allen & Company |
| Net worth |  $1.5 billion USD (Oct 2014) |
| Spouse(s) | Laura Parrish (m. ?; div. ?) Ann Reinking (m. 1982; div. 1989) Gail Holmes (m. ?; div. ?) |
| Children | 4, including Herbert Allen III |
| Parent(s) | Herbert A. Allen Sr. Ethel Strong |
Herbert Allen, Jr. Net Worth: Herbert Allen, Jr. is an American entrepreneur who has a net worth of $2.5 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.
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