Herbert Allen, Jr.
| 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 A. Allen Jr. is an American businessman and former president of Allen & Company.
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 Irish Catholic 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.
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, whom he married in 1982 and divorced in 1989.
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