How rich is Herbert Allen Jr.?
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Herbert Allen Jr. is the son of Herbert A. Allen, Sr. Allen & Company specialized in corporate buy outs. A third brother Harold joined shortly after. Allen Jr. has one sister, Susan Allen. Allen, Jr. graduated from Williams College in 1962 and instantly joined Allen & Company. In 1966, at age twenty seven, he was named President. In 1973, Allen & Company bought a controlling interest in Columbia Pictures. In 2002, Allen Jr. ceded control of the company to his son Herbert Allen III. In 1998, he contributed $20 million to Williams College. Allen has been married and divorced twice. His second wife was Broadway dancer Ann Reinking.