Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Tuesday, March 26, 2019

The Late Paul Allen's Homes and Yacht Worth at Least $906 Million

MercerThe late co-founder of Vulcan, Paul Allen, had a cache of property that stretched from Hawaii all the way across the Atlantic to France. His $130 million superyacht Octopus may not be a home, but it included amenities beyond that of even some luxury mansions, including a basketball court and a recording studio. Instead of buying a home in the prestigious Seattle neighborhood of Medina that boasts as residents both Bill Gates and Jeff Bezos, Allen bought property and built a large compound, worth another $130 million, in the "more suburban Mercer Island." Allen specifically asked the compound designer to not make it look pretentious.

Allen's estate is in the hands of a trust he created in 1993, which names his sister Jody and her children as its beneficiaries. Besides the Mercer Island compound and Octopus, the estate also holds the title to a collection of properties in Beverly Hills worth $200 million, a $150-million estate on Lopez Island in the San Juan Islands that totals 387 acres with a 13,000 square foot mansion, a $100 million, 18-bedroom mansion in Cap Ferrat in the south of France called Villa Maryland, a New York penthouse above another apartment with a combined worth of $50 million, a 10.3 acre compound on the island of Hawaii with the land alone worth $50 million, a ranch in Idaho worth upwards of $50 million, a $30 million mansion in Silicon Valley, an estate in Santa Fe, New Mexico worth $15 million, and a condo in Portland worth an estimated $850,000.

See Marc Stiles, Paul Allen's Homes and Yacht Worth at Least $906 Million, Business Journals, March 18, 2019.

Special thanks to Joel C. Dobris (Professor of Law, UC Davis School of Law) for bringing this article to my attention.


Current Affairs, Current Events, Estate Administration, Estate Planning - Generally, Non-Probate Assets, Trusts | Permalink


Had Paul Allen owned only a modest home like one Warren Buffett has in Nebraska, now that would truly have been "pretentious!"

Posted by: Joseph W. Mooney III | Mar 27, 2019 6:42:41 AM

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