Who Will Inherit Microsoft Paul Allen’s Fortune?
Paul Allen, Microsoft co-founder died at age 65 from non-Hodgkins lymphoma. Together with technology pioneer, Bill Gates, Allen created Microsoft in 1975.
He battled cancer and heart disease on and off for decades, ultimately succumbing to the disease on October 15. He leaves behind a $20.3 billion fortune. Most of which he’s generously donated to charity through the years.
Allen always hoped to have a family and marry someday, according to Heavy. In fact, seven years ago he told 60 Minutes, “I’m still optimistic. I still believe I’m going to meet somebody. I want to have a family.”
He is survived by this sister Jody, who appears to be in line to inherit his massive fortune. However, because Allen was such a philanthropist, how will his estate be handled? No specific plans have been announced, however, this is what is currently known.
Past charitable giving
Allen donated more than $2 billion to technology, literacy and education charities over this lifetime, according to The New York Times. In 2010 Allen said he’d leave most of his money to charities, according to Philanthropy News Digest. “I’ve planned for many years now that the majority of my estate will be left to philanthropy to continue the work of the foundation and to fund nonprofit scientific research like the groundbreaking work being done at the Allen Institute for Brain Science.” He also signed a giving pledge.
Allen dedicated $300 million to the Allen Institute for Brain Science in 2012, $100 million in 2014 to address the Ebola outbreak. Plus another $100 million the same year to study cell work in human disease, according to The Chronical of Philanthropy.
Latest charitable donations
Most recently, he gave $100 million to start the Paul G. Allen Frontiers Group in 2016, plus gave $125 million to Allen Institute for Artificial Intelligence in 2017 to fund new research.
Also, in March 2017 he gave $40 million to the University of Washington’s computer science department, according to The Seattle Times.
He also gave to political parties
Allen donated more than $4.2 million to both political parties since 2010, The Seattle Times reports. He supported an initiative that imposed criminal penalties on those who sold or traded parts of endangered animals like shark fins or ivory. He also supported gun regulations.
This year he gave $100,000 to an organization aimed at keeping the Republican majority in the U.S. House of Representatives.
Conflicting reports on sport team controls
The fate of the Seattle Seahawks and Portland Trail Blazers hangs is uncertain, both teams Allen owned. The Seahawks will likely be run by new-CEO Chuck Arnold, general manager John Schneider and head coach Pete Carroll in the interim, according to 24/7 Sports. The Trailblazers currently have head coast Terry Stotts and general manager Neil Olshey.
Specific permanent ownership plans have not been made apparent, however, one part of it was clear. Jody was not interested in running either team.
“Allen is survived by his sister, Jody,” The Oregonian sports columnist John Canzano wrote. “A Vulcan source told me shortly after the announcement of Allen’s death: “Jody does not enjoy the Trail Blazers.” She’s a Seahawks fan and is a good bet to emerge as a more visible presence in his NFL organization. Nobody who knows her thinks she’d be interested in wanting to run an NBA franchise on a daily basis.
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