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Inside Paul Allen’s Former Yacht on Sale for $90 Million

By Katie Schultz

The estate of the late Microsoft co-founder Paul Allen is offering the sale of his 303-foot-long superyacht , Tatoosh , for a cool $90 million, according to Dirt . If you’re thinking those stats aren’t impressive enough for the billionaire and tech magnate , well, you’d be right. Tatoosh , which is currently the 60th largest yacht worldwide, was just Allen’s secondary vessel. His main yacht, Octopus , sold last year for $325 million and stretches 414 feet long, making it the 20th largest yacht in the world.

As for Tatoosh , the recently-listed vessel was custom-built by German shipyard Nobiskrug in 2000 for fellow American tech mogul Craig McCaw before being bought by Allen the following year for an estimated $100 million. The craft was put up for sale shortly after Allen’s death in 2018, but was taken off the market for an extensive refitting that was completed last year.

The dining room aboard the ship. 

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Inside the vessel, 11 staterooms can accommodate up to 19 guests with access to a lengthy list of lavish amenities that includes a heated swimming pool with a hydraulic-powered mosaic floor that can raise and lower, a parquet floor salon complete with a limestone fireplace and a bar, a movie theater adorned in red velvet, a beauty salon, a gym, two helicopter pads, a sunbathing and diving area decked out with a blue-tiled spa, bulletproof windows, a fleet of jet skis, multiple 43-foot tenders, and a crew of 31 to oversee it all. The owner’s quarters include a private deck, two dressing rooms, and an observation lounge with a private galley, all spanning across two of the ship’s five decks, which are all accessible via elevator.

The owner’s stateroom aboard the ship. 

To maintain and staff the superyacht, which will be one of the largest yachts on display during the Monaco Yacht Show later this month, potential new owners will have to be prepared to pay $9 to $10 million per year in addition to the hefty price tag. Tatoosh is being represented by the Monaco-based yachting company Fraser.

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Microsoft Cofounder Paul Allen’s 303-Foot Superyacht Has Finally Sold

The late billionaire's epic art collection is also being auctioned off later this month., rachel cormack.

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After nearly two years on the market, Microsoft cofounder Paul Allen’s superyacht Tatoosh has sold.

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Built by German shipyard Nobiskrug , Tatoosh was first delivered to telecom exec Craig McCaw in 2000. Just one year later, Allen snapped up the steel-hulled vessel for $100 million. Named after a mountain range near the tech titan’s lifelong hometown of Seattle, Tatoosh has a generous interior volume of 3,229 GT and no less than five decks.

The exterior was penned in partnership with Claus Kusch, while the interior was brought to life by Terence Disdale. The yacht is full to the brim with amenities befitting a billionaire, including two helipads, a cinema with surround sound, a pool that doubles as a dance floor, a dive center with a pressure chamber, a beach club, a sauna, a beauty salon and even a basketball court.

Tatoosh can accommodate up to 19 guests across 11 staterooms, along with 31 crew. The full-beam owner’s suite features dual dressing rooms, an ensuite, a private study and an observation lounge with a bar offering uninterrupted views. Tatoosh is no slouch on the seas, either, with a top speed of 19 knots and a range of nearly 6,855 nautical miles.

Rachel Cormack is a digital editor at Robb Report. She cut her teeth writing for HuffPost, Concrete Playground, and several other online publications in Australia, before moving to New York at the…

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Paul Allen’s Superyacht Finds Buyer After $278 Million Listing

219 superyachts were sold in the first quarter of 2021, more than double the number during the same period in 2020, says Vessels Value.

Microsoft Corp. Co-Founder Paul Allen Paul Allen. Photographer: Ramin Talaie/Bloomberg

Bloomberg — The late Microsoft Corp. co-founder Paul Allen’s 414-foot superyacht “Octopus,” last offered for 235 million euros ($278 million), has been sold to an undisclosed buyer.

The sale comes amid a record-hot market for the world’s largest luxury boats. A surge in personal wealth due to buoyant markets and a newfound interest in private, socially distanced leisure among the ultra-rich are driving unprecedented numbers of sales of both new and used superyachts.

Two hundred and nineteen superyachts were sold in the first quarter of this year, more than double the number during the same period in 2020, according to ship valuation service Vessels Value. Would-be buyers who once preferred to dabble in renting, or chartering, before springing for a purchase are now diving right in and buying. Smaller starter yachts are being bypassed for 100-footers. The sometimes sleepy secondhand market is suddenly pulsing as clients unwilling to wait a few years for a custom build prowl for deals.

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Explorer yachts such as “Octopus” are a particularly hot category. Capable of cruising 9,000 miles without needing to stop for a refuel, they minimize the number of port stops and thus, opportunities for viruses to infiltrate the guests and crew.

Put on the market about a year after Allen’s 2018 death, “Octopus” was originally offered at 295 million euros, according to its initial listing. A third longer than a football field, it’s one of the world’s largest explorer yachts, capable of traveling beyond the traditional Caribbean and Mediterranean hotspots.

A spokesperson for Burgess, one of the superyacht brokers retained to market the eight-deck vessel, along with Fraser Yachts, confirmed the sale but declined to comment further. The new owner intends to make “Octopus” available for hire for the first time from next year through yacht firm Camper & Nicholsons, according to the SuperYacht Times, which first reported the sale.

Representatives for Camper & Nicholsons didn’t respond to a request for comment. Vulcan Capital — Allen’s family office — declined to comment.

The boat’s 13 cabins can accommodate 26 guests and it also has space for 63 crew members. Other features include two elevators, two helipads, garage parking for both cars and helicopters and an eight-person submarine. The yacht is worth $208 million, excluding the submarine and other specialist equipment, according to Vessels Value estimates.

Allen co-founded Microsoft with Bill Gates in 1975 and left in 1983. He turned his stake into a $26 billion fortune over the next three decades, according to the Bloomberg Billionaires Index. Through Vulcan, Allen acquired sports teams, real estate, art and invested in startups. Allen had no spouse or children to inherit his empire, though his sister, Jody Allen, is Vulcan’s chair.

Allen had a deep affinity for the German-built superyacht. When it was first delivered in 2003, Allen was overwhelmed by its size, according to his 2011 memoir “Idea Man.” At the time, it was the fourth-largest in the world, with the top three built for heads of state, he said.

“When I first stood on the bridge, I felt as though I was on a spaceship,” he wrote, adding that with features including a pool, basketball court, movie theater, a recording studio with ocean views, “all my passions come together in one movable feast.”

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The superyacht of the late Paul Allen, who co-founded Microsoft with Bill Gates, has hit the market for a cool $90 million.

Allen, who passed away in 2018 at the age of 65 after losing his battle with cancer, purchased the vessel in 2001 for an estimated $100 million.

Named Tatoosh, it’s considered the 60th largest superyacht in the world spanning 303 feet wide.

It was last listed in 2021, before it was taken off the market for an 11-month retrofit. Tatoosh will be available for viewing at this month’s Monaco Yacht Show, from Sept. 28 to Oct. 1. It can also be available upon request.

Pegged as “one of the world’s best super yachts,” it’s equipped with two helicopter pads, large tenders, a heated swimming pool, a beach club and a dive center, a cinema and an elevator servicing all decks, the listing states.

There are 11 state rooms in total that can accommodate 19 guests.

Stuart Larsen with Fraser holds the listing .

The listing comes as Christie’s announced that Allen’s billion-dollar art collection would be auctioned off, which includes 150 artworks spanning 500 years.

Meanwhile, Allen also owned another mega yacht, called Octopus, which spans 414 feet wide and was considered the 20th largest ship in the world. Back in May, the boat was listed for rent .

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Allen co-founded Microsoft Corporation with his childhood friend, Gates, in 1975. According to Forbes, just before his death, he was ranked the 44th wealthiest person in the world, with an estimated net worth of $20.3 billion.

Considered a recluse, Allen expressed interest in one day having a romantic life and a family, but ultimately never married or had children.

In 1982, he was diagnosed with Stage 1-A Hodgkin’s lymphoma, and was successfully treated after several months of radiation. He was diagnosed with the same cancer again in 2009, and was again successfully treated.

The cancer returned in 2018, which led to his death by septic shock on October 15, 2018.

“Paul loved life and those around him, and we all cherished him in return,” Gates said in a statement following his death. “He deserved much more time, but his contributions to the world of technology and philanthropy will live on for generations to come. We will miss him tremendously.”

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Rich Dudes│How Paul Allen Built His $20B Net Worth Without Microsoft

Paul Allen was worth $20.3 billion at the time of his death in 2018. Here’s what his sports teams, yachts, art, stocks, real estate & other assets are worth.

By Priscilla Thomas

Updated Nov 22, 2022

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• Paul Allen co-founded Microsoft with Bill Gates but grew most of his $20 billion net worth with investments in sports teams, real estate, stocks, and fine art.
• Paul Allen’s Vulcan Real Estate sold Amazon its $1.16 billion Seattle office. 
• Paul Allen has netted over 1,100% returns on his sports team deals.

The late Paul Gardner Allen, also known as the Idea Man, was a businessman, investor, sports team owner, and philanthropist worth an estimated $20.3 billion.

While Paul Allen was best known for co-founding the Microsoft Corporation with Bill Gates, he grew most of his $20 billion net worth with  alternative investments —including sports teams like the Seattle Seahawks and the Portland Trail Blazers.

During his lifetime, Allen also donated over $2 billion towards philanthropic causes in science, education, wildlife conservation, and the arts.

Since a 1% stake in Microsoft today is equal to the value of Paul Allen’s entire $20.3 billion estate, it's clear that Paul Allen sold a lot of his stock...

After he died in 2018 from non-Hodgkin lymphoma, the executor of Paul Allen’s will began selling all of his assets—including an art collection that recently fetched $1.6 billion at auction—and donating the proceeds to charity.

We dived into Paul Allen's $20.3 billion investment portfolio of sports teams,  real estate ,  startups ,  fine art , and more . So read on if you want to learn how to invest like this billionaire.

Paul Allen net worth at a glance:

When you think of Microsoft, Bill Gates mostly comes to mind. But he didn't build the $1.8 trillion technology giant on his own—his childhood friend and co-founder Paul Allen was by his side for the early years of Microsoft.

Paul Allen and Bill Gates in 1981. Source: forbes.com

In 1975, Allen convinced Gates to drop out of college with him and create Microsoft. They ran it together, with Gates taking the lead—and the larger stake—until 1983, when health problems and differences with his playmate-turned-partner caused Allen to resign from the company.

While they were both owners, Gates convinced Allen that his contribution to the company was smaller and that he should take a 36% cut to Gates’ 64%.

39 years later, Paul Allen's net worth represents less than 20% of Bill Gates's $104 billion fortune—though it's nothing to sneeze at. Despite co-founding Microsoft, he held onto very little of his stock in the company.

In 1986, when Microsoft went public, Allen had 25% of the company. By 2000, his stake had dipped below 5%—presumably worth much less than $30.3 billion. It's unclear how much he owned after that because the company no longer needed to report his holdings.

How much does Paul Allen make a year?

Microsoft’s successful IPO in 1986 gave the software maker a market capitalization of $777 million. Paul Allen’s 25% stake worth $194 million means he made the equivalent of $17.63 million per year and $48,300 per day since Microsoft was founded in 1975.

Paul Allen may have been a deca-billionaire, but he also missed out on some big-time investment gains.

Since a 1% stake in Microsoft is equal to the value of Paul Allen's estate worth $20.3 billion today, it's clear that Paul Allen sold a lot of his stock—losing $630 billion (97%) in potential gains. That’s over three times Elon Musk’s 2022 net worth.

Source: Companiesmarketcap.com

Much of Paul Allen’s portfolio isn't publicly known, but we have some clues and recent information about what Allen bought and sold over the years.

1. Paul Allen yacht collection & real estate

 Paul Allen’s $45 million Beverly Hills home  Source: Los Angeles Times

The crown jewel of Paul Allen's net worth was Vulcan Real Estate. The development and property management company reshaped downtown Seattle with $4.3 billion worth of real estate there. Vulcan Real Estate drew Amazon to the area, selling them a $1.16 billion office.

Allen's personal real estate holdings spanned the country, from West Coast mansions to apartments in New York City. Since 2021, the trust has sold $233 million worth of Allen's properties, including $101 million in NYC apartments and $35 million for his Silicon Valley mansion.

That same year, Paul Allen’s 414-foot megayacht Octopus was sold for around $278 million. His 303-foot superyacht Tatoosh followed soon after for $90M.

Paul Allen’s Octopus, 414-foot megayacht worth $278 million. Source: Business Insider

2. Paul Allen art collection

Allen purchased many valuable artworks to build one of the world's most expensive collections—which was sold off in November 2022 for a record-setting $1.6 billion.

The sale, held at Christie's Auction House, was the biggest in auction history. The Paul G. Allen Collection consisted of 115 pieces of artwork by artists like Cezanne, Gauguin, Van Gogh as well as sculptures and ceramics by Pablo Picasso.

Of the 115 pieces in the collection, five sold for over $100 million. This includes:

• Paul Cezanne’s  La Montagne Sainte-Victoire :  $137.79 million
• Vincent Van Gogh’s  Verger avec cyprès :  $117.18 million
• Paul Gauguin’s  Maternité II:   $105.73 million
• Gustav Klimt’s  Birch Forest : $104.58 million

But the most expensive piece of fine art in the collection was a painting by Georges Seraut, a French post-impressionist artist known for his pointillism work.  Les Poseuses, Ensemble (Petite version) sold for  $149 million , nearly five times the previous high for Seraut’s work.

Seraut's "Les Poseuses, Ensemble (Petite version)" (1888) Source: christies.com

3. Paul Allen space company & other investments 

Allen was passionate about science and science fiction. He founded the Allen Institute in 2003 with initial funding of $100 million and an additional $300 million in 2012.

Besides funding grants and scientific research through the Allen Institute, he began multiple aerospace ventures in 2004. He started at least three different companies trying to make space travel affordable and put serious capital into attempting to discover extraterrestrial life—like $30 million to build the Allen Telescope Array in 2005.

Paul Allen’s early investments after leaving Microsoft focused more on companies and  startups that were pursuing his idea of a "wired world" where everyone's on the internet. This included companies like American On-Line (AOL), cable and internet providers, and media companies.

Despite his initial enthusiasm, Paul Allen sold his AOL stock early after being ridiculed by Bill Gates for believing AOL could beat Microsoft in bringing the internet to the masses. His AOL stake would have been worth $40 billion had he sold it at its peak. Instead, he pocketed $75 million profit in 1994.

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At one point, the Idea Man owned Charter Communications, the 7th largest cable company in the world valued at $25 billion. However, Allen ultimately lost over $7 billion on his investment after the company’s bankruptcy in 2009.

4. Paul Allen sports teams: Seahawks and Trail Blazers

Paul Allen after a Seattle Seahawks Superbowl win Source: Seattle Sports

Among Allen's more offbeat investments are the two professional sports teams he purchased. In 1988, Allen bought the Portland Trail Blazers for $70 million—or $176 million in 2022 dollars. Then nine years later, in 1997, he snagged the Seattle Seahawks for $194 million—or $360 million today.

Today those teams are worth $2.1 billion and $4.5 billion, respectively, each netting over 1,100% returns before factoring in any income they produced. He was also part-owner of the Seattle Sounders FC, a Major League Soccer team valued at $705 million in 2021.

Based on public information about the sales of his assets and his initial investments in some of them, we can make some assumptions about how Paul Allen's net worth breaks down.

If we group those assets into investment classes, Allen's portfolio probably looked something like this:

Had you put $10,000 into a portfolio like this for the past 10 years, you would have $61,188 in 2022. That's a 511.88% increase thanks to a 1,300% gain in sports memorabilia.

Sports Cards

A standard 60/40 portfolio—with 60% of your money in stocks and 40% in bonds—would have yielded 110.89% returns in the same time period. Your $10,000 initial investment would only be worth $21,089 today.

A more diversified portfolio that's still fairly traditional might look like this:

This investment portfolio would turn your initial $10,000 into $20,725—a 107.25% increase in 10 years. That’s still over $40,000 less than you would have made investing in a Paul Allen-inspired portfolio.

Paul Allen might have kicked himself for selling hundreds of billions of dollars worth of Microsoft stock, but his alternative asset investments still helped preserve his status as a multi-billionaire and one of the wealthiest people in the world in 2018.

Even if you don't have megayacht money or a tech genius bestie to launch a business with, you can still learn some lessons from Paul Allen's investments.

Paul Allen standing on the wing of his Stratolaunch plane. Source: GeekWire

1. Diversify your portfolio 

Investing in various assets will help you hold onto some money when things go south (or when someone peer pressures you into selling off potential billions). Gaining exposure to several uncorrelated asset classes is a time-honored diversification strategy—having some exposure to sports cards could give you downside protection since  they're a proven store of value .

For instance, you if you invested in the S&P 500 a year ago, you would be down nearly 16%, but if you bough and held a Stephen Curry rookie card at the same time, you would be up over 21% on your investment. There are only 61 PSA-10 Steph Curry rooky cards and they go for upwards of $50K, but you can buy shares in one for less than $20 on  Public .

Steph Curry rookie card Source: Public

Public is not just for sports cards, either. They let you invest in stocks, ETFs, cryptos, and other collectibles, like game-worn Air Jordan 1's signed by MJ himself. If you want to build out a diversified portfolio accross both alternatives and traditional assets, Public is the best place to start.

2. Invest in your passions

Whether it's music, art, or space exploration, you can invest your money in alternative assets that you love. While owning tangible assets like artwork and sports memorabilia is a good strategy, another route you can take is investing in companies you're passionate about.

Video gaming is one of the most valuable pastimes—an industry worth over $50 billion in the U.S. alone, but unless you're buying retro video games and holding them for years, you're unlikely to make a return on your PS3 copy of GTA V. A better way to invest in video games is by buying equity the companies that make them.

But what if your favorite video game publisher hasn't gone public? Well, fear not, because accredited investors can now gain exposure to the creators of Fortnite through  Dizraptor . Though you can't invest in Epic Games through the stock market, Dizraptor lets you buy shares in the company at their pre-IPO price of $830. Now's your chance to  get in on the ground floor of a $28.2 billion company.

3. Own equity in recession-proof businesses

Holding productive assets in your portfolio helps guarantee that cash will keep flowing into your bank account. While stocks and crypto go up and down with the economy, certain businesses have the fortitude to withstand tough markets. Just think about how many people frequent gas stations, fast food restaurants, and dollar stores regardless of how the market is doing.

While not everyone can own a Chik Fil A, owning a piece of commercial real estate is the next best thing. And that doesn't mean owning it outright. Nowadays, anyone with $100 to spare can invest in income-generating commercial real estate. Platforms like  Elevate Money let you buy shares in a durable business—like a Family Dollar in Fort Worth, TX—by offering fractional ownership in the land underneath it.

Commerical real estate is the best source of passive income because it's stable—Family Dollar is unlikely to go anywhere considering their lease term is 5 years. If you're not a landlord with deep pockets and the patience to find and manage tenants,  use Elevate Money to invest in commercial real estate and earn passive income .

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Real Estate

Jody Allen net worth

Paul Allen never married or had children, and his estate was entrusted to his sister Jody Allen after his death. Jody Allen's net worth is estimated at $20.3 billion. She was responsible for overseeing the execution of Paul Allen's will. She also took control of the properties he owned, including the Seattle Seahawks NFL team, and continues to run Vulcan, Inc.

Where did Paul Allen’s money go? 

After leaving Microsoft in 1983, Allen began investing in companies that would support his vision of a "wired world" where everyone was online. He made $25 billion investments in cable and internet providers as well as traditional and online media. He even purchased 80% of TicketMaster in 1993 but sold half his stake to The Home Shopping Network for HSN equity. In 2015, Allen founded Vulcan Aerospace.

Allen was a man of the arts,  amassing an art collection that sold for $1.6 billion after his death. His other expensive hobbies were buying sports teams—he owned or had a stake in three professional sports teams—yachting, researching time travel, and exploring space.

Allen was also a philanthropist who spent the last decades of his life getting involved with various causes. His donations to these causes came to over $2 billion by the time of his 2018 death.

Why is Bill Gates richer than Paul Allen?

Microsoft was not an equal partnership. The equity was doled out in a 64/36 split that favored Gates. Paul Allen was only involved in the company from 1975 to 1983, at which time he began selling shares to fund his many other ventures that weren’t as successful as Microsoft.

He bought a large stake in AOL in the early 1990s but sold it all before it became big. He also lost around $7 billion by investing in cable companies.

Paul Gardner Allen famously led a lavish lifestyle. The billions he spent on passion projects, like music museums, ate into Paul Allen net worth.

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A billionaire got Paul Allen’s 414-foot-long Octopus megayacht to the 2023 Monaco Grand Prix and paid $138,000 just to moor it near the tracks and enjoy the race from the $285 million vessel

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11 crazy facts about Paul Allen's $200 million superyacht

With an estimated net worth of $17.5 billion, Microsoft cofounder Paul Allen can afford some expensive toys.

His 414-foot yacht, "Octopus," has to be one of the best billionaire toys around. 

Fully equipped with a pool, two helicopters, a movie theater, basketball court, recording studio, and accommodations for 26 guests in 41 suites, Octopus makes for an extremely luxurious escape. 

We've rounded up some of the yacht's craziest features here.

1. It cost Allen about $200 million to build.

Octopus is said to have cost Allen up to $200 million . Custom-built by German shipbuilders  Lurssen  over several years, it was officially launched in 2003.

2. It costs an estimated $384,000 a week to operate.

Yacht owners are expected to  pay approximately 10% of the original purchase price each year to cover basic maintenance and operations.

By that logic, Allen pays about $384,000 a week to keep Octopus in tiptop shape. That adds up to approximately $20 million a year, according to New York Social Diary .

3. It weighs more than 9,000 tons. 

Measuring a whopping 414 feet, Octopus is  one of the biggest private yachts in the world. According to Boat International , it was the largest when it launched in 2003, though yachts belonging to David Geffen and Roman Abramovich have since surpassed it.

4. He employs a permanent staff of 60.

Keeping such a massive operation running requires a lot of helping hands: captains, first mate, engineers, deckhands, in addition to chefs and stewardesses.

The yacht has 28 cabins just for the crew, the Superyacht Times reports.  

5. The tender — a boat used to shuttle guests between the yacht and the shore — is 63 feet long.

In keeping with the sea creature theme, Octopus' tender is called "Man-of-War." At 63 feet long , it's a decently sized boat itself.

6. It has two submarines.

Allen  has said  that Octopus is "less a Bentley than a Range Rover" because of the state-of-the art exploration equipment onboard.

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According to Vulcan , one of the submarines, called Pagoo, can dive for up to eight hours and accommodate 10 people. It's stored in an interior dock on the bottom of the yacht.

A second submarine, called the Octo ROV, can be remotely controlled and dive up to 8,843 feet. The ROV has been loaned out  for Google Earth's " Explore the Ocean " project and for a documentary on the Discovery Science Channel. 

7. A crew discovered a Japanese battleship with one of them.

In March, Allen announced that a crew onboard Octopus had located a WWII-era battleship at the bottom of the ocean in the Philippines.

It wasn't the first time Octopus has been used for purposes beyond entertainment for Allen and his inner circle. In 2012, Allen loaned the yacht to the Royal Navy in an effort to find a bell from a British WWII-era battleship. The search was eventually called off due to bad weather.

Octopus is also a member of the Automated Mutual Assistance Vessel Rescue, which means that it can be used to assist other boats in distress. 

8. It also has two helicopter landing pads.

There's one in the front and one in the back.

9. Mick Jagger has used the recording studio onboard.

A longtime fan of rock and roll — he built an entire museum dedicated to Jimi Hendrix memorabilia — Allen reportedly lent Octopus' recording studio to Mick Jagger when he was recording an album with SuperHeavy in 2011. 

Usher, Dave Stewart, U2, and Johnny Cash have all  reportedly performed onboard Octopus.

10. It has a glass-bottom pool. 

Other amenities include a basketball court, move theater, and a swimming pool with its own bar area. 

11. Parties Allen has hosted on the boat have drawn loads of A-list guests.

Octopus was built for a good time.  

Each year at the Cannes International Film Festival in Cannes, France, Allen throws an extravagant party  attended by actors, filmmakers, and supermodels.

Actors John C. Reilly, Jessica Lowndes, and Kelly Rutherford, as well as models Karlie Kloss and Melissa Bolona were all in attendance at this year's party .

Sharon Stone, Adrian Grenier, Russian actress Svetlana Metkina, and model Natasha Poly came last year .

Allen usually treats his guests to a live performance.

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Enterpreneur, Inventor and Musician: All About Microsoft Co-Founder Paul Allen and His Net Worth

Paul Allen's net worth

Paul allen's sources of income, allen's total assets, his real estate, his social media following, personal life and health.

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Paul Allen, a prominent American industrialist, investor, musician, sports team owner, and philanthropist, had a net worth of $20 billion when he passed away on October 15, 2018. He co-founded tech giant Microsoft with his childhood friend Bill Gates, but resigned from the firm in 1983 due to Hodgkin Disease, and retained a seat on the board of directors, as per CelebrityNetWorth .

          View this post on Instagram                       A post shared by Paul G. Allen (@officialpaulallen)

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Allen's primary source of income was his 25% stake in Microsoft after it went public in 1986. At that time, the 33-year-old Allen's share was worth $195 million, and he invested the proceeds from his Microsoft stake into private venture firm, Vulcan Capital. Through it, he invested in car care brands, real estate development, and technology companies.

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As per SeattleTimes , Paul Allen had a philanthropic vision to donate the majority of his $20 billion-plus fortune, earned as a Microsoft co-founder, tech investor, real estate mogul, and owner of NFL and NBA teams.

Paul Allen's business ventures

Aside from Microsoft, Paul Allen's owned car care brands Maaco and Meineke and developed substantial real estate projects through Vulcan Capital. He founded Vulcan Aerospace to fund SpaceShipOne, which secured the $10 million Ansari X Prize in 2004. Allen's investment in technology companies, such as Uber and DreamWorks, also expanded his financial portfolio. In 1997, Allen acquired the Seahawks for $194 million, countering threats by previous owner Ken Behring to relocate the team to Southern California.

Thanks for 20 great years, #12s ! #GoHawks pic.twitter.com/X7HykL5wTP — Paul Allen (@PaulGAllen) September 17, 2017

Paul Allen curated an extraordinary art collection that showcased exceptional pieces like Jasper Johns' "Small False Start" and Paul Cezanne's "La Montagne Sainte-Victoire." This collection encompassed works by renowned artists such as Botticelli, Degas, Monet, and more. In the year 2022, the estate of Paul Allen carried out an auction of 150 carefully selected artworks from his collection in collaboration with Christie's for charity. The anticipation surrounding this auction was heightened by the projected value of over $1 billion.

He also owned the grand "Octopus" yacht, which was the world's largest at 414 feet upon its completion in 2003, with a pool, basketball court, and music studio on board. It was also outfitted with helicopters, submarines, boats, and jet skis, and assemnled for $200 million. The yacht also demanded a weekly operational outlay of an astounding $384,000.

Paul Allen's diverse real estate portfolio spanned from a Manhattan penthouse to a 4,000-acre Idaho retreat. Notably, he acquired the Sol y Sombra estate in Santa Fe, New Mexico in 2000, featuring a 20-acre property with a 9,685 square foot main house and additional lodges. In 2013, Allen purchased Utah's Trees Ranch, a 2,066-acre property bordering public lands.

In Silicon Valley he acquired a 22,005 square foot Atherton property in 2013 and in New York City, he bought a penthouse in 2011. Allen purchased properties near Tetonia and a 1,200-acre property with the Teton Ridge Ranch in Idaho, and a Hawaiian compound as well. A mansion in Cap Ferrat, France, and Washington's Sperry Peninsula also showcased his expansive holdings. Additionally, he owned multiple houses on Mercer Island, and later sold properties worth $101 million.

Paul Allen was deeply involved in philanthropy, contributing over $2 billion toward advancements in science, technology, health, and human services. He was also a musician, releasing a blues-rock album with his band, The Underthinkers. His sister, Jody Allen, and her children were his beneficiaries following his passing, inheriting his extensive real estate holdings and philanthropic initiatives.

In 1982, Allen received a diagnosis of Stage 1-A Hodgkin's lymphoma, a condition he successfully overcame through several months of radiation therapy. Subsequently, in 2009, he faced a diagnosis of non-Hodgkin lymphoma, which, too, was effectively treated. Tragically, the illness resurfaced in 2018, leading to his passing on October 15 of that year due to septic shock.

How much of Microsoft did Paul Allen own?

Allen owned a 25% in Microsoft.

Why did Bill Gates and Paul Allen fight?

Bill Gates was unhappy with the fact that Allen was doing less work.

When and how did Paul Allen die?

He died in October 15, 2018 due to Hodgkin's lymphoma.

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What Is Paul Allen's Net Worth?

Paul Allen hasn't been involved in the day-to-day operations of Microsoft in more than three decades, yet he largely owes his vast fortune to the company he co-founded with Bill Gates in 1975.

The self-described "idea man," Allen came up with (among other things) Microsoft's name, and at one point, owned 36% of the company. But over the years, Allen's stake has eroded, and he's channeled his vast fortune into a variety of different endeavors. Let's take a look at Allen's current holdings.

Sports, art, and real estate Allen is a member of several exclusive groups. In addition to being one of the world's richest people, he's also among the few that own multiple major sports franchises. Allen's holdings include the NFL's Seattle Seahawks, the NBA's Portland Trail Blazers, and a stake in Major League Soccer's Seattle Sounders FC.

Paul Allen. Source: by Michael Sprague via Wikimedia Commons.

The Seahawks are worth an estimated $1.3 billion, according to Forbes , while the Trail Blazers are valued at just under $1 billion. Both represent solid returns -- Allen acquired the teams for a combined value of less than $300 million.

He also dabbles in art. Allen has an extensive collection, including pieces from such renowned artists as Monet, Manet, andGeorgia O'Keeffe. In recent years, he's been unloading some of his abstract pieces. In 2013, he sold a Barnett Newman painting for nearly $44 million, and last year, he parted with a Rothko for $56.2 million.

Like many investors, Allen has a significant real estate portfolio, but over the years, some of his holdings have been a bit unusual. Allen once owned a private island off the coast of Washington state, for example, though he sold it undeveloped in 2013 for $8 million. He owns numerous mansions, including his own 10,000 square-foot home, ranches, apartments, and even a movie theater (one of the most advanced in the world).

He has an extensive collection of vehicles, including two of the world's largest yachts. Allen's 414-foot Octopus is one of the longest in the world. Tatoosh is a bit smaller (303 feet) but still ranks among the top 50. Allen also collects World War II-era airplanes -- he owns several dozen.

Allen has had his fair share of bad bets But despite his sports-related wins and lavish holdings, Allen has taken some significant lumps over the years. In 1999, he was the world's third-richest person, with an estimated net worth of $30 billion. But today, his holdings are valued at significantly less. What went wrong?

For decades, Allen made investments based on a concept he called the "Wired World" -- a notion that society was marching toward an era of connectivity, one built around the intersection of the Internet, mass media, and PCs.

It's hard to say that Allen was wrong per se -- the Internet is all-encompassing; media reaches people through smart devices on a continuous basis -- but many of his investments just didn't work out. From 1999 to 2004, he lost roughly $12 billion as the value of the dot-com companies he invested in plummeted.

His most significant blow, however, may have come in 2009, when Charter Communications -- one of the largest cable companies in the U.S. -- filed for bankruptcy. At the time, Allen was the largest shareholder, and he was wiped out almost entirely, losing a stake that had once been valued at around $7 billion in the process.

No. 51 But not all of Allen's investments went bad. Vulcan Capital, his private investment company, has positions in a variety of successful tech companies, including Alibaba , Uber, Palantir, and flipkart. And he still owns an estimated 100 million shares of Microsoft: around 1% of the company.

With a total fortune worth $17.5 billion, according to Forbes , Allen is the world's 51st richest person.

The article What Is Paul Allen's Net Worth? originally appeared on Fool.com.

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