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Wednesday, October 18, 2006

Top 10 Richest people in the world 6

#6 Paul Allen



Age: 53
Fortune: self made
Source: Microsoft, investments

Net Worth: 22.0

Country Of Citizenship: United States
Residence: Seattle, Washington, United States, North America
Industry: Software
Marital Status: single, no children
Washington State University, Drop Out

Microsoft cofounder, "wired world" proponent lately finding more promise in pipes delivering oil instead of information. Bought energy outfit Plains Resources for $460 million, controlling stake in Plains All American Pipeline, operator of 15,000 miles of oil pipelines. Through Vulcan Energy unit, paid $250 million for natural gas storage business from Sempra Energy. Hasn't given up entirely on the future. Still maintains dozens of investments in media (Charter Communications), technology (set-top box manufacturer Digeo), biotech. Ten-year-old investment in wannabe Hollywood studio DreamWorks finally showing some returns after company took its animation unit public but planned secondary offering of mostly Allen shares postponed for now. Owner of pro football's Seattle Seahawks took team to its first Super Bowl in February, lost to the Pittsburgh Steelers. Other pursuits in space (funded SpaceShipOne, first to launch private flight into suborbital space), the open seas (413-foot yacht Octopus armed with 2 helicopters and a 60-foot submarine). His Paul G. Allen Family Foundation has donated heavily to education, art and science causes. Joined buddy Bill Gates in 1975, left the company in 1983 to fight Hodgkin's disease. Has been slowly selling off Microsoft stake ever since.

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