Herbert Allen Jr & family

$2.04 B

Ranked #1989 in World

About Herbert Allen Jr & family

Renowned American finance magnate Herbert A. Allen Jr., known for leading Allen & Company and transforming it into a powerhouse specializing in corporate buyouts, has made indelible marks in both business and philanthropy. Allen Jr., a Williams College alumnus and former president, joined the family firm right after graduating in 1962. Under his leadership at the youthful age of 27, the company notably acquired a controlling interest in Columbia Pictures and started the influential Sun Valley Conference. His strategic decision-making saw Allen Jr. join the Board of Directors of The Coca-Cola Company following Columbia's sale in 1982. In 1998, he generously donated $20 million to his alma mater. Assuming a quieter life now, he resides in Cody, Wyoming, after passing control to his son Herbert Allen III in 2002.

Born

March 05, 1940

Age

86 years

Source Of Wealth

Investment Banking

Industries

Finance & Investments

Citizenship

United States

Residence

New York, New York

Education

Bachelor of Arts/Science, Williams College

Spouse

Gail Holmes

Children

4, including Herbert Allen III

Parent

Herbert A. Allen Sr. Ethel Strong

Herbert A. Allen Jr. was born into a family of entrepreneurs. His father, Herbert A. Allen Sr., was a high school dropout and stock trader who joined Allen & Company in 1927. Allen & Company specialized in corporate buyouts, and young Herbert was exposed to the world of finance from an early age.

Herbert Allen Jr & family: Family

Herbert A. Allen Jr. is the son of Kathleen and Herbert A. Allen Sr. He has four children from his first marriage to Laura Parrish.

Herbert Allen Jr & family: Career Highlights

After graduating from Williams College in 1962, Herbert A. Allen Jr. immediately joined Allen & Company. He was appointed President of the firm at the age of twenty-seven in 1966. Under his leadership, Allen & Company purchased a controlling interest in Columbia Pictures in 1973. In 1982, Allen & Company launched the Sun Valley Conference, which has become a premier gathering of business leaders and celebrities. The Coca-Cola Company bought Columbia for $750 million in cash and stock in the same year, giving Allen Jr. a seat on the Board of Directors.

Herbert Allen Jr & family: Companies

Herbert A. Allen Jr. is associated with the following companies:

Allen & Company
Columbia Pictures
The Coca-Cola Company

Herbert Allen Jr & family: Major Achievements

Herbert A. Allen Jr.'s major achievements include:

Appointed President of Allen & Company at age twenty-seven.
Led the acquisition of Columbia Pictures.
Launched the Sun Valley Conference.
Served on the Board of Directors of The Coca-Cola Company.

Herbert Allen Jr & family: Awards & Achievements

Herbert A. Allen Jr. has received numerous awards and recognitions, including:

Honorary Doctor of Laws degree from Williams College.
Ellis Island Medal of Honor.
Museum of Television & Radio Hall of Fame.

Herbert Allen Jr & family: Personal Life & Legacy

Herbert A. Allen Jr. has been married and divorced three times.

His first wife was Laura Parrish, with whom he has four children. His second wife was Broadway dancer Ann Reinking, whom he married in 1982 and divorced in 1989. His third wife was Gail Holmes, whom he married after 1989 and later divorced. He currently resides in Cody, Wyoming.

Herbert Allen Jr & family: Trivia

Herbert A. Allen Jr. is an avid art collector and has donated millions of dollars to various art institutions. He is also a pilot and enjoys flying his own plane.

Wealth History

Timeline

1962

Graduated from Williams College and immediately joined Allen & Company.

1966

Appointed President of Allen & Company at age twenty-seven.

1973

Allen & Company purchased a controlling interest in Columbia Pictures.

1982

Allen & Company launched the Sun Valley Conference.

1982

The Coca-Cola Company bought Columbia for $750 million in cash and stock, giving Allen Jr. a seat on the Board of Directors.

1998

Donated $20 million to Williams College.

2002

Ceded control of the firm to his son Herbert Allen III.

Herbert Allen Jr & family : FAQs

What is Herbert Allen Jr's current net worth?

Herbert Allen Jr's current net worth is $2.04 billion.

What is Herbert Allen Jr's current global rank among billionaires?

Herbert Allen Jr holds the 1989th position globally among billionaires.

What is Herbert Allen Jr's current ranking within the United States?

Herbert Allen Jr holds the 649th position in United States.

What was the change in Herbert Allen Jr's net worth compared to the previous year?

Herbert Allen Jr's net worth increased by 89.05 million dollars compared to the previous year 2025, when his net worth was 1.95 billion dollars.

What is the recent change in Herbert Allen Jr's net worth?

Herbert Allen Jr's net worth increased by 8.49 million dollars recently, a 0.42% increase, with his net worth standing at 2.04 billion dollars.

What are Herbert Allen Jr's main sources of wealth?

Herbert Allen Jr's main source of income comes from Investment Banking.

In which industry does Herbert Allen Jr primarily operate?

Herbert Allen Jr is primarily involved in the Finance & Investments industry.

What is Herbert Allen Jr educational background?

Herbert Allen Jr holds a Bachelor of Arts/Science from Williams College.

How old is Herbert Allen Jr?

Herbert Allen Jr is 86 years old.

How many children does Herbert Allen Jr have?

Herbert Allen Jr has 4 children.

Who is Herbert A. Allen Jr. and how is he connected to Allen & Company?

Herbert A. Allen Jr. is an American businessman who served as the former president of Allen & Company, a privately-held investment firm known for corporate buyouts. He joined the firm immediately after graduating from Williams College in 1962 and became its president in 1966.

What was Herbert A. Allen Jr.'s role in the purchase of Columbia Pictures?

Allen & Company, under Herbert A. Allen Jr.'s leadership, purchased a controlling interest in Columbia Pictures in 1973. Following the acquisition of Columbia by The Coca-Cola Company in 1982, Allen Jr. secured a seat on the Board of Directors.

What notable event did Allen & Company launch under Herbert A. Allen Jr.?

Under Herbert A. Allen Jr.'s direction, Allen & Company launched the Sun Valley Conference in 1982, a prestigious annual media and technology conference known for attracting high-profile executives and entrepreneurs.

Has Herbert A. Allen Jr. made any significant philanthropic contributions?

Yes, in 1998, Herbert A. Allen Jr. donated $20 million to Williams College, his alma mater, contributing to the educational institution's endowment and development.

How has Herbert A. Allen Jr.'s personal life unfolded in terms of marriage and children?

Herbert A. Allen Jr. has been married and divorced three times. His first wife was Laura Parrish, with whom he has four children. He married his second wife, Broadway dancer Ann Reinking, in 1982, and they divorced in 1989. His third wife was Gail Holmes, whom he married after 1989 and later divorced. He currently resides in Cody, Wyoming.