Paul Allen - Owner
In 2013, investor and philanthropist Paul G. Allen celebrates his 25th year as owner of the Portland Trail Blazers. Just one season after Allen acquired the National Basketball Association franchise from Larry Weinberg, the Trail Blazers made it to the NBA Finals and were back in the championship round two years later. In the years since Allen acquired the team, the Trail Blazers have posted an impressive 1,117-789 record (a 58.6 winning percentage) and have been in the playoffs 18 times, an achievement few NBA teams have surpassed.
Allen, who co-founded Microsoft in 1975, has dedicated his life to tackling some of the world’s biggest challenges. Today Allen is exploring new frontiers and fueling discovery across a broad range of industries as the founder and chairman of Vulcan Inc., the Seattle-based company that oversees his business and philanthropic activities.
Allen’s multibillion-dollar investment portfolio includes a major real estate redevelopment in Seattle's South Lake Union neighborhood and holdings in dozens of technology, media and other companies.
In addition to the Trail Blazers, he owns the Seattle Seahawks of the National Football League, and is part of the primary ownership group for the Seattle Sounders FC, the city's Major League Soccer team.
With lifetime giving of more than $1.5 billion, Allen has pledged to leave a majority of his estate to philanthropy. He gives back to the community through the Paul G. Allen Family Foundation, which works to transform lives and strengthen communities by supporting arts and culture, youth engagement, community development and social change, and scientific and technological innovation. He also gives directly, including $26 million in 2010 to Washington State University for the Paul G. Allen School for Global Animal Health.
In 2003, he created the Allen Institute for Brain Science to accelerate understanding of the human brain in health and disease. The Seattle-based nonprofit’s groundbreaking online public resources have become staple research tools for thousands of scientists worldwide, and the institute continues to make strides in its quest to answer fundamental and complex questions in brain science. Using the Allen Institute for Brain Science as a model, Allen recently established the Allen Institute for Artificial Intelligence in Seattle to explore opportunities for development in the field of AI.
In 2004, Allen funded SpaceShipOne, the first privately-backed effort to successfully put a civilian in suborbital space, winning him and designer Burt Rutan the Ansari X-Prize. In 2011, Allen got back into the space business with the formation of Stratolaunch Systems, which is developing an innovative airborne launch system. It will utilize the largest aircraft ever manufactured and will provide orbital access to space with greater safety, cost-effectiveness and flexibility.
His award-winning film company, Vulcan Productions, develops and supports media projects of substance and enduring significance, with the goal of helping audiences understand the world around them and respond to challenges. In 2013, Allen signed on to back the acclaimed Richard E. Robbins-directed film Girl Rising, and nuclear power documentary Pandora’s Promise.
“Idea Man,” Allen's 2011 memoir, was a New York Times bestseller.
Allen is also founder of the EMP Museum, Seattle's critically acclaimed interactive museum of music, popular culture and science fiction; the Flying Heritage Collection, an assemblage of rare World War II aircraft restored to flying condition and shared with the public; and the Living Computer Museum, a collection of restored vintage timesharing computer equipment in Seattle.
Learn more about Allen online at www.paulallen.com.