Herbert Allen, Jr. | $1B+

Get in touch with Herbert Allen, Jr. | Herbert Allen Jr., billionaire investment banker, is the former president and CEO of Allen & Company, the storied family-run boutique bank known for advising on some of Wall Street’s most significant media and technology deals. During his tenure, he helped solidify the firm’s reputation as a discreet but powerful player in mergers and acquisitions, particularly in entertainment, sports, and digital industries. Allen is also widely recognized for launching the annual Sun Valley Conference, an exclusive gathering of global business leaders, tech titans, and media moguls that has become a hallmark of elite dealmaking.

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Herbert A. Allen Jr. (born 1940) is an American businessman and former president of Allen & Company. Biography Herbert Allen Jr. is the son of Kathleen and Herbert A. Allen Sr. His father was a high school drop out and stock trader who joined[1] in 1927 an investment firm founded in 1922 by his older brother Charles, Allen & Company.[2] Allen & Company specialized in corporate buyouts.[1][3] A third brother Harold joined soon after.[4] Allen Jr. has one sister, Susan Allen.[1] His mother was an Irish Catholic and his father - although the son of a Jewish mother - was a non-practicing Unitarian.[5] Allen Jr. was raised in Irvington, New York[5] and graduated from Williams College in 1962 and immediately joined Allen & Company. In 1966, at age twenty-seven, he was appointed President.[6] In 1973, Allen & Company purchased a controlling interest in Columbia Pictures.[7] In 1982, Allen & Company launched the Sun Valley Conference and The Coca-Cola Company bought Columbia for $750 million in cash and stock[7] giving Allen Jr. a seat on the Board of Directors.[2] In 2002, Allen Jr. ceded control of the firm to his son Herbert Allen III.[7] Philanthropy In 1998, he donated $20 million to Williams College.[8] Personal life Allen has been married and divorced three times. His first wife was Laura Parrish;[7] they have four children: Herbert Allen III is married to Monica de la Torre, a public-interest lawyer and native of Puerto Rico;[7] Charles Allen works at Allen & Co. as an institutional salesman[7] and in 2005, married Kristin Wheat Fisher in a Methodist ceremony;[9] Leslie Allen; and Christie Allen.[7] His second wife was Broadway dancer Ann Reinking,[7] whom he married in 1982 and divorced in 1989. After 1989 he married and has since divorced Gail Holmes. He resides in Cody, Wyoming.

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