Billionaire co-founder of Microsoft plans to leave the majority of his fortune to philanthropy.

• Paul Allen is worth an estimated $13.5 billion and has announced that he’s donating most of it to continue the work of the Paul G. Allen Family Foundation.
• This public announcement was in response to Bill Gates’ and Warren Buffet’s campaign to encourage billionaires to donate half of their wealth to charity.
• Allen’s Foundation was started 20 years ago, and it has distributed 3,000 grants totaling about $400 million.
• For the most part, the Foundation has remained local (Pacific Northwest) and personal.

Facts and Figures

• Paul Allen is 57 years old.
• Forbes ranked Allen as the 37th richest person.
• Allen has donated approximately $1 billion in his life to date.

Best Quote

“As our philanthropy continues in the years ahead, we will look for new opportunities to make a difference in the lives of future generations.” – Paul Allen, Co-Founder of Microsoft

Tags: Bill Gates, donation, Forbes, foundation, microsoft, paul allen, philanthropy