Paul Allen the 'Accidental Zillionaire'
An anonymous reader writes "The Sydney Morning Herald has an interesting story about Paul Allen, "the accidental zillionaire". Allen is the owner of the world's biggest private yacht and a huge landowner in the Seattle area in addition to his traditional accolades of helping to found Microsoft along with several other companies and foundations."
millionaire - so common, the hoi polloi .....
billionaire - fewer, somewhat dodgy
trillionaire - hmmm tricky, size of the US deficit
zillionaire - more money than that?
I bet he smashes the guitar... no? It's early.
We raise our slide-rules high.
Comment removed based on user account deletion
Investing in the right company means he did something right.. That also means that he was not a rich man by accident.
Still I wonder why so many geeks are online on x-mas. Oh wait, I am too.
NO CARRIER
i think that's when he call it quit. he and bill was at the right place at the right time. it didn't hurt when bill's mom was able to arrange a meeting for him with IBM. MS-DOS, baby!
It runs on IIS. What are the odds?
Does that make the rest of us accidental nillionaires?
Higher than running with ISS?
Nobody knows the trouble I've seen, nobody knows has the trouble seen me, even I sometimes wonder why I write these line
With the removal of the hyphen and thanks to some clever software, astute deals, a once-in-a-lifetime deal with IBM and a touch of ruthlessness, world domination followed.
Muahahaha
In the book Hard Drive, authors James Wallace and Jim Erickson say that Allen was a much easier person to get along with. While Gates was often impossible, prone to fits of temper and an uncompromising workaholic, Allen had a life outside of work. He was interested in technology, rock music and science fiction. "Paul tended to be a lot more patient about things than Bill. That was always a very nice counter," Wallace and Erickson quote an early Microsoft employee.
sounds like Gates was kinda a whiner...
last of all: "Allen has been selling his Microsoft shares since he left the company, but still owns more than $3 billion worth.", sounds like somebody started to loose faith in the company there...
Isn't Larry's yacht the new largest?
realkiwi
Allen sank Charter Communication when Cramer was on board (held large long position).
Cramer even called him "bad guy" 3x times on his show when he was discussing his fund loses.
One of the funniest Real Money shows ever aired though.
Northwest franchises and real estate: Seattle Seahawks NFL football (First and Goal, Stadium construction company, includes all proceeds from new stadium, exhibition hall, and related revenues); Portland Trailblazers NBA basketball (Rose Garden Arena); South Lake Union Seaport Park redevelopment; Formal Naval Reserve Base (a 12 acre, $35 million park); Lake Union (223,000 square feet total ownership, $400 million total development costs so far); Quendall Landing in Renton (68 acres mixed business and residential real estate, $500 million to develop so far); Experience Music Project; Cinerama; Union Station & surrounding real estate; and leases extensive space at Smith Tower. International real estate: The Hospital--an Art space in Camden, England. Radio: KEXP (Seattle, non-commercial, underwriting agreement with Univ. of Washington); OneOnOne Sports (radio syndication network, also owns three commercial radio stations in Chicago); and two commercial radio stations in Portland. Charity and other organizations: Clear Blue sky--Production company for Indy films; The Paul G. Allen Foundation for Medical Research; The Allen Foundation for the Arts; The Allen Foundation for Music; The Paul G. Allen Forest Protection Foundation; and The Paul G. Allen Virtual Education Foundation. Cash: $28 billion in assets; $1.04 billion in public funds. Investments through Vulcan Ventures (Full or partial ownership): 800.com; Allegiance Telecom Inc.; Aluentive; Apex Learning; ARI Network Services; BOPS; Caspian Networks; Charter Communications; click2learn.com; Colorado Microdisplay; Command Audio; Cyber Source; Dick's Clothing and Sporting Goods; Diego Broadband Inc.; Dreamworks SKG; Drugstore.com; e-Media, LLC; e-Steel; Edison Schools; Encryptix, Inc.; eStyle, Inc.; Fantasma Networks; Fatbrain.com; Genomix; Go2Net Inc.; HarvardNet Inc.; Health Answers Inc.; High Speed Access Corp.; IFILM; imandi.com; Installations Inc.; inviso; iVast; IVT; Kestrel Solutions; LiquidAudio Inc. Magis Networks; Metricom Inc.; myplay Inc.; NetSchools Corp.; Northpoint Communications; oncology.com; OnePage Inc.; Oxygen Media; Paraform Inc.; RCN Corportation; Replay TV Inc.; RioPort Inc.; Rocket Network Inc. Sandbox.com; ScienceMedia; Sharewave Inc.; Stamps.com; Structural GenomiX; TechTV; Terra Stor; The Sporting News; Transmeta; Triscend Corporation; Tularik Inc.; USA Networks Inc.; Versata Inc.; Vulcan Northwest Inc.; Vulcan Ventures Inc.; Wavetrace; Wink Comm; and Xcyte Therapies.
Vulcan Ventures Inc. I thought doctor evil owned this? A link maybe?
Tom says so, QED.
And we don't care.
The information you have given is very interesting and I wonder where you got it from and if your interested in sharing that information , thanks for the information already provided anyway.
Allen and Gates went to the Lakeside School, not the nonexistent Lakewood School. Whatever.
ScienceSeeker.org
Personally, I arrived at my impoverished state through careful, meticulous planning.
You read TFA and it turns out he's single, and he's living with his mom (well, mom lives in his giant housing compound, with him).
It must drive his mom nuts. No grandchildren. A genetic cul-de-sac. And he's one of the richest guys in the US? If he isn't gay, he's kinda screwing up here.
One would think that with all that money, he could just rent wombs from desperate women, impregnate them and so on. Then his mom would stop the nagging.
http://www.thebricktestament.com/the_law/when_to_
What really made the PC ubiquitously popular was Compaq's reverse-engineering of the IBM BIOS. This meant that you no longer had to pay top dollar for something that was truly IBM compatible. This, coupled with the adoption of the ISA bus by all of the PC manufacturers, is what made the PC the king of the hill. All of a sudden, Intel (and others) had a real incentive to make faster, more capable CPUs (because IBM wasn't the only game in town anymore for the x86), and because of standards like the ISA bus, card manufacturers had a broader audience to develop things like SoundBlaster. It was because of this opening up of the hardware to virtually anyone that the PC became popular. It had absolutely nothing to do with Microsoft or DOS. Remember, also, that Microsoft also produced the BASIC in every single Commodore 8-bit computer from the PET through the 128, and so they made money on the millions of those sold, in addition to MS-DOS/PC-DOS.
1983: Develops Hodgkin's disease and leaves Microsoft. Makes full recovery
Ya think that when writing an artical where a portion of the audience are going to be geeks and/or programmers they wouldnt use words like "develops" to describe what happened to him, rather "contracting" a virus would sound more appropriate. It makes him sound like he wrote the Hodgkin's virus in his multi-zillion dallor basement.
Perhaps, Insted of "Makes full recovery" it should read "Was able to restore Paul Allen from tape backup"
Everyone picks on Bill Gates for being evil, yet he makes the cover of Time for his generosity. The article fails to mention what good things Paul Allen has done with his money, but I don't see him on the cover of Time.
Is it possible that Gates is just the poster boy and Allen is the real devil behind Microsoft?
I once saw a documentary on the Homebrew Computer Club of which Paul Allen was a member. Apparently Allen was upset because the club was interested in freely publishing designs and details of the machines they built. Allen felt that the designs should be patented and sold for big bucks. That's when he left to cofound Microsoft.
Forget Gates, Allen is the asshole behind Microsoft.
There is no reasonable defense against an idiot with an agenda
:wq
And then, somewhere around the age of 76, he dies of natural causes. Game over. Boy, that was fun.
Marraige could cost him half a zillion dollars. That's expensive!
paintball
Vulcan is Paul's. You can certainly google it. Or you can even search /., there have been plenty of links here.
I prefer the "u" in honour as it seems to be missing these days.
accidental. He actually wrote a major portion of the initial code, whereas BG wrote very little of it.
IIRC, It was IBM that approached them (the movie was incorrect).
In addition, it took several employees to talk BG into not moving to Unix from Dos (DOS numbers were awesome, where MS xenix was going nowhere).
Paul went on to develop a number of companies and technologies, but BG stayed with just one.
In addition, BG's thing has been to work with a monopoly that simply steals from others, while Paul develop new techs.
Offhand, I would call BG more the accidental, and Paul the brilliant one.
I prefer the "u" in honour as it seems to be missing these days.
Does that make the rest of us accidental nillionaires?
;-)
If you write open source software it is probably no accident that you are a nillionaire.
Arbeit ist Spiel! Time for a Tofutti break! (If you don't know what this is, just igFNORDnore it.)
Shop as usual. And avoid panic buying.
A few years ago Paul Allen parked his ship at Santa Barbara for a week. He spent his evenings flying around over the city in his helicopter. Fucking annoying noise. If he's got that much money, why doesn't he buy Blue Thunder?
that Paul Allen and SpaceshipOne might be just whats needed for privatized space flights to (no pun intended) take off. Why does everyone forget the good stuff like this which Allen's done?
And the good thing is, he funds ventures after deciding "if its something that he would love". I call that a rather smart way of judging what (not) to fund. Granted, that this may at times bump up pet projects when compared to something with a larger impact - but this is needed too! After all, we do have the 2 richest foundations in the world dealing with those issues (Gates and Grove).
If Bill Gates had a dime for every time a Windows box crashed...oh, wait a minute - he already does.
vulcan is the company that oversees all the others
Okay, that's not what Paul Allen did, but you mentioned Satan The Snake...
/. articles on that corp. For an alternative I suggest the 12-gauge zip cord at 30-odd cents per foot from another Big Satan, The Home Depot.
As far as I know, Candlestick is known as M****** Park.
Be careful what Registered Trademarks you use, you could get sued. ISTR there are
Is Paul Allen to Seattle as Thomas and Bruce Wayne were to Gotham City?
Evidence?
Has a huge house, more of a compound really.
Isn't married.
He has lots of fast cars.
One of the biggest philanthropists in America.
Funded medical research, mapping the human brain at the cellular level.
[Funded] the Experience Music project and the Science Fiction museum.
Art collection...rumoured to be worth hundreds of millions of dollars.
Donated $20 million to develop a park which would have stretched from the downtown area to Lake Union.
Converting a nondescript belt of warehouses and commercial buildings into a biotech hub, while redeveloping environmentally friendly housing, and a waterfront park.
Now that we have evidence that he plays the role of philantropist-playboy by day can anyone pony-up the evidence that he lives the double life and is a crime-fighter by night?
It's not luck. It's being in the right place at the right time, and putting your money down where and when it counts.
"Banking establishments are more dangerous than standing armies." -Thomas Jefferson
Sounds like an exotic Caribbean drink, or a new latin dance. Can you smoke Marriaga?
Sorry, I realize it's a harmless typo, but you have given us a wonderful new word.
Slashdot entertains. Windows pays the mortgage.
I seem to remember reading that Bill Gates only started his philanthopic spree when his mom confronted him about his vast wealth and insisted he donate much of it to charitable causes. (I hope I'm not getting my facts wrong here.)
Paul Allen has given a lot of money to medical research, but being ill seems to have been the impetus for that.
Both men also have their name slapped on many of the non-profit projects to which they donate.
I'm not saying this makes their contributations any less important. But it does seem to make the spirit of the donations a little less impressive, since the men likely would not have been so generous without such "external" pressures.
Does anyone agree or am I being too idealistic to hope for true altruism?
Cramer thinks swinging around huge hedge funds is directly applicable to strategies individual (and much poorer) investors can use.
I asked him a serious question many years ago (1997-98) on a serious investor-type chat why he kept pushing the pharmaceutical stocks in all his articles. All he had to say was "What, are you short on pharmaceuticals?" He then went on to answer questions about his family, etc.
The guy behaves just like a shady stock broker.
Paul Allen is the one who actually wrote the original Microsoft BASIC for the Altair 8800. Bill Gates knew how to sell things, but his technical skills were lacking compared to Paul's. Paul is far more deserving of his wealth than Bill.
My other body is also not wearing any.
Although Paul still owns the Trail Blazers, he no longer controls the Rose Garden (the lovely 10-year-old arena that they play in). The arena holding company went bankrupt due to low Blazers attendance, few overall events, and the usual lax management.
The Rose Garden has been turned over to the receivers, who are now running it. Although they are at odds with Paul, one can't thrive without the other; so, they both want to bring fans back to the Blazers. The resulting advertisements can be amusing.
Years ago, Paul convinced the Portland city government to develop the whole Rose Quarter area, which was supposed to be this year-round center of activity. That never worked out -- it's mostly a ghost-town in between events, which means most of the time.
Ironically, the old Memorial Coliseum (also in the Rose Quarter) still gets lots of use (sports, conventions, &c.) but the city has big re-development plans for it. They considered a big-box store, or maybe a rec center... I can't remember how that came out.
Paul is having too much fun with the Seahawks to care about the moribund Trail Blazers. If he's smart, he'll sell it to somebody who actually cares about basketball, even if they don't have billions (fat lot of good all that money has done, anyways).
We reserve the right to serve refuse to anyone. -management
>California ... said "NO" to getting rid of gerrymandering,
a ry.shtml
>one of the worst cancers ever to afflict the democratic
>process.
Have you read prop 77 and thought about what is wrong with it?
http://www.voterguide.ss.ca.gov/prop77/title_summ
I am definately a fan of legislation to reduce gerrymandering
but this legislation was too flawed for me to vote for it.
Specifically:
* Redistricting would have occurred *immediately* rather
than when schedualled to occur next (every 10 years).
* This would have legislated (into our constitution!)
a process that assumes that there are two major
parties in CA that are nearly equally popular.
Although this is true now, I think that it is
a big folly to pass legislation that assumes
this is true.
Pretend for a moment that CA had three parties with the
following representation:
65% A
20% B
15% all others
According to this legislation, three judges would be selected
to draw districts where one judge would be from party A,
one from party B and one essentially a coin toss between
a judge from party A and one from party B!
That said, I would love to see an automatic
politics-free way of creating numerous contiguous
small districts.
Let's keep the evil in perspective:
From: http://www.walmartmovie.com/facts.php/
A WAL-MART Worker may donate money from their paycheck to the CRITICAL NEED FUND, a program to aid other employees in times of crisis, like a fire or tornado.
In 2004, WAL-MART Employees gave OVER $5 MILLION to help fellow workers. The Walton Family gave $6,000
The WALTON FAMILY Has Given LESS THAN 1% of Their Wealth to Charity. Bill Gates has given 58%
I thought Compaq reversed engineered the BIOS independently, and later started using Phoenix Technologies. If you had a link to a hisotry I'd love to click on it, but you seem to be intent on just being the previous poster's bitch
No, Microsoft was the premier provider of BASIC for a variety of platforms, including BASIC for CP/M (and Apple II series and many others.) If they weren't already important in languages, they would have never got a chance to produce an OS. Kildall did produce CP/M for the original PC, and it was available as soon as the PC was introduced. IBM just chose to offer it as an expensive extra instead of the free, default, pre-installed OS.
In 1983, with the next generation of PC from IBM, the XT, the BIOS received a real boost in its firmware (nonvolatile software). It could now recognize the drives and video cards, but it could still not control them. Compaq and other OEMs (Original Equipment Manufacturers) managed to "reverse engineer" IBM's little "black box" and created proprietary devices. This, in turn, led to compatibility problems with things like memory and peripherals. You had to go back to the OEM to upgrade. Just a year later, in 1984, Phoenix Technologies and AMI (American Megatrends Incorporated) came on the scene with commercially available BIOS. http://www.maconusersgroup.org/BiosBoot.html
He owns the Portland Trailblazers, too (an NBA team). But they've not been any good since 2000.
I could not justify my existence if I were a turkey farmer. Would I terminate myself? Undoubtably, yes.
Just got back from Negril, Jamaica.. Paul's boat - the Octopus - was docked off cliff road in negril right off Rick's cafe. Quite the impressive yacht, according to what I've read, it's the largest privately held yacht in the world