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Herbert Allen, Jr. Net Worth

Herbert Allen, Jr. Net Worth

In this article, we will explore the net worth of Herbert Allen, Jr., an American entrepreneur and chairman of Allen & Co. With a net worth of $2.5 million, Allen has had a significant impact on the investment banking industry.

Early Life and Career

Herbert “Herb” Antony Allen, Jr. was born in 1940 and graduated from Williams College in 1962. Immediately after his graduation, Allen joined Allen & Co., an investment bank based in New York.

Allen & Co. was initially founded as an investment partnership in 1922 by Herbert Allen, Sr., and his two uncles, Harold Allen and Charles Allen, Jr. Four years after joining the company, Allen was appointed President.

In 1973, Allen & Co. bought a controlling stake in Columbia Pictures. This strategic move proved to be highly profitable, as a decade later, Allen sold Columbia Pictures to the Coca-Cola Company for a staggering $750 million. As part of the deal, Allen also secured a seat on Coke’s Board, which opened up numerous opportunities for further profitable ventures.

Current Ventures

In 2002, Allen passed on his CEO position to his son, Herbert A. Allen III. Since then, Allen & Co. has expanded its interests into high-profile tech companies, including Yelp, Google, Zillow, Facebook, Zynga, LinkedIn, and Groupon.

Allen & Co. is also known for its annual conference, Camp Allen, held in Sun Valley. This conference brings together industry leaders from the media and technology sectors.


Herbert Allen, Jr. has made a significant impact in the field of investment banking and has accumulated a net worth of $2.5 million. Through his leadership at Allen & Co., he has been involved in lucrative ventures and has secured a prominent position in the industry.

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Q: How did Herbert Allen, Jr. become involved in investment banking?

A: Herbert Allen, Jr. joined Allen & Co. right after graduating from Williams College in 1962.

Q: What was Allen & Co.’s most successful venture?

A: Allen & Co.’s most successful venture was the sale of Columbia Pictures to the Coca-Cola Company for $750 million.

Q: Who succeeded Herbert Allen, Jr. as CEO of Allen & Co.?

A: Herbert A. Allen III, Allen’s son, succeeded him as CEO in 2002.

Final Thought

Herbert Allen, Jr.’s net worth of $2.5 million is a testament to his successful career in the investment banking industry. Through Allen & Co., he has made strategic investments and built valuable connections in the business world. Allen’s legacy continues through his son, Herbert A. Allen III, who now leads the company into new ventures.

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