Microsoft co-founder Paul Allen's $26 billion estate - what will happen?

Paul Allen died of a recurrence of lymphoma last week. He was not married and had no children. He had a Family Office, Vulcan Inc.

(Bloomberg) --Paul Allen’s family office will live long and prosper. The billionaire’s vast holdings at Vulcan Inc. -- with real estate, art, sports teams and venture capital stakes -- would take years to unravel, if that’s even what he wanted. Allen, who died Monday, had no spouse or children to divide his empire. But there are many others with interests at stake, including family, staff and charities, as well as potential investors eager to snap up pieces.

The Microsoft Corp. co-founder spent more than three decades outside the software company, amassing a variety of business and philanthropic endeavors. At least half his $26 billion fortune is probably earmarked for charitable purposes after he joined the Giving Pledge almost a decade ago, and an estate tax bill will apply on much of what remains. But important questions loom about which of his assets are likely to be liquidated.

Vulcan, the 32-year-old company that oversees Allen’s money, was the umbrella for a variety of investments, activism and philanthropic units. They include Vulcan Real Estate, a commercial portfolio that Bloomberg estimates is worth $1.5 billion, and Vulcan Capital, which tends investments in public and private companies. He also amassed one of the world’s greatest art collections, and held ownership stakes in two professional sports teams worth roughly $3 billion.

We should all have $26 billion Family Office's. Hit the link above for the entire article.

Comments

[Sweat]

One thing's for sure. This Microsoft co-founder did not have a microsized estate!
I wonder if Ray Nardo can help with it.