Microsoft Co-Founder Paul Allen Estate to Sell NBA Team Portland Trail Blazers, Paul Allen Died from Cancer in 2018 with $26 Billion Fortune, Paul Allen Bought NBA Team Portland Trail Blazers for $70 Million in 1988, Estate Also Owns NFL Seattle Seahawks & MLS Seattle Sounders 25% Shareholding, Nike Founder Billionaire Phil Knight Bid $2 Billion for NBA Team Portland Trail Blazers in 2022, NBA Basketball Team Boston Celtics Sold at $6.1 Billion Valuation in 2025
14th May 2025 | Hong Kong
Microsoft co-founder Paul Allen estate has announced to sell NBA team Portland Trail Blazers. In 2018, Paul Allen died from cancer with $26 billion fortune. Paul Allen had bought NBA team Portland Trail Blazers for $70 million in 1988. Paul Allen estate also owns NFL Seattle Seahawks & MLS Seattle Sounders 25% shareholding. In 2022, Nike founder & billionaire with $44 billion fortune Phil Knight bid $2 billion for NBA team Portland Trail Blazers together with Alan Smolinisky (Part-owner of baseball team Los Angeles Dodgers). NBA team Portland Trail Blazers is owned by the family trust of the late Microsoft co-founder Paul Allen, whom had bought the team in 1988 for $70 million. In 2025 March, an investor group led by STG Partners Managing Partner & CIO William Chisholm has announced to buy NBA basketball team Boston Celtics majority stake at initial $6.1 billion valuation from Boston Basketball Partners. The investor group include Rob Hale, Bruce Beal (Related Companies President) & investment firm Sixth Street ($100 billion AUM). In 2023, Microsoft co-Founder Paul Allen family office spinoff Cercano Management (From Vulcan Capital in late 2021) with an office in Singapore, is currently managing around $10 billion AUM for UHNWs and is looking to grow the private credit business. Cercano Management is still managing investments for the late Paul Allen Estate & Foundation. Cercano Management LLC is a United States SEC-registered investment adviser based in Bellevue, Washington (United States) that provides investment advisory and other services to ultra-high-net-worth individuals and their families as well as their family foundations, charitable organizations and other related entities. The late Paul Allen has no spouse or children, and had passed his estimated $26 billion fortune (2018) to his sister Jody Allen. Paul Allen is the co-founder of Microsoft (1975), which is the largest personal computer software company in the world. His personal fortune (estate) is estimated at more than $75 billion (2020). Vulcan Inc is the family office of the late Paul Allen (1953 – 2018), co-founder of Microsoft and Jody Allen (sister). In 2022, the late Microsoft co-founder Paul Allen’s art collection fetched a record $1.62 billion at the Christie’s auction in New York, with the late Paul Allen’s estate to donate all proceeds to philanthropy. The collection is titled Visionary by Paul G. Allen Collection. On 9th November 2022, 60 art collection achieved a total of $1.5 billion, and 5 paintings were sold at more than $100 million. On 10th November, 95 art collection were sold for $115 million, with a total of $1.62 billion over the 2 days of auction. The Paul Allen’s art collection became the most valuable art collection of all time, with the oldest collection dating back to 500 years ago. Earlier in 2022, Vulcan Capital, the venture investment arm of the family office of Microsoft co-founder Paul Allen with $26 billion fortune and managing $10 billion of investments, created an independent investment firm Cercano Management following his death in 2018. The transition of Cercano Management to manage the investment assets of the Paul G. Allen estate and Paul G. Allen Family Foundation had started in early 2021. Cercano Management LLC and Cercano Management Holdings L.P. were officially established in September 2021. The late Paul Allen has no spouse or children, and had passed his estimated $26 billion fortune (2018) to his sister Jody Allen. Paul Allen is the co-founder of Microsoft (1975), which is the largest personal computer software company in the world. His personal fortune (estate) is estimated at more than $75 billion (2020). Vulcan Inc is the family office of the late Paul Allen (1953 – 2018), co-founder of Microsoft and Jody Allen (sister).
“ Microsoft Co-Founder Paul Allen Estate to Sell NBA Team Portland Trail Blazers, Paul Allen Died from Cancer in 2018 with $26 Billion Fortune, Paul Allen Bought NBA Team Portland Trail Blazers for $70 Million in 1988, Estate Also Owns NFL Seattle Seahawks & MLS Seattle Sounders 25% Shareholding, Nike Founder Billionaire Phil Knight Bid $2 Billion for NBA Team Portland Trail Blazers in 2022, NBA Basketball Team Boston Celtics Sold at $6.1 Billion Valuation in 2025 “
Microsoft Co-Founder Paul Allen Family Office Spinoff Cercano Management with Office in Singapore Manages $10 Billion AUM for UHNWs to Grow Private Credit Business, Still Managing Investments for the Late Paul Allen Estate & Foundation
25th February 2023 – Microsoft co-Founder Paul Allen family office spinoff Cercano Management (From Vulcan Capital in late 2021) with an office in Singapore, is currently managing around $10 billion AUM for UHNWs and is looking to grow the private credit business. Cercano Management is still managing investments for the late Paul Allen Estate & Foundation. Cercano Management LLC is a United States SEC-registered investment adviser based in Bellevue, Washington (United States) that provides investment advisory and other services to ultra-high-net-worth individuals and their families as well as their family foundations, charitable organizations and other related entities. The late Paul Allen has no spouse or children, and had passed his estimated $26 billion fortune (2018) to his sister Jody Allen. Paul Allen is the co-founder of Microsoft (1975), which is the largest personal computer software company in the world. His personal fortune (estate) is estimated at more than $75 billion (2020). Vulcan Inc is the family office of the late Paul Allen (1953 – 2018), co-founder of Microsoft and Jody Allen (sister).
Cercano Management LLC is a United States SEC-registered investment adviser based in Bellevue, Washington (United States) that provides investment advisory and other services to ultra-high-net-worth individuals and their families as well as their family foundations, charitable organizations and other related entities.
Microsoft Co-Founder Paul Allen Art Collection Fetches Record $1.62 Billion at Christie’s Auction in New York, Estate Will Donate All Proceeds to Philanthropy
11th November 2022 – The late Microsoft co-founder Paul Allen’s art collection has fetched a record $1.62 billion at the Christie’s auction in New York, with the late Paul Allen’s estate to donate all proceeds to philanthropy. The collection is titled Visionary by Paul G. Allen Collection. On 9th November 2022, 60 art collection achieved a total of $1.5 billion, and 5 paintings were sold at more than $100 million. On 10th November, 95 art collection were sold for $115 million, with a total of $1.62 billion over the 2 days of auction. The Paul Allen’s art collection became the most valuable art collection of all time, with the oldest collection dating back to 500 years ago. Christie’s: “The top lot of the collection was Les Poseuses, Ensemble (Petite version) by Georges Seurat, which sold for $149 million. The sale of the painting marks the highest price ever achieved for any Impressionist or Post-Impressionist work of art.” Max Carter, Vice Chairman, 20th & 21st Century Art: “Never before have more than two paintings exceeded $100 million in a single sale, but tonight we saw 5. 4 were masterpieces from the fathers of modernism — Cezanne, Seurat, Van Gogh and Gauguin.”
The late Paul Allen has no spouse or children, and had passed his estimated $26 billion fortune (2018) to his sister Jody Allen. Paul Allen is the co-founder of Microsoft (1975), which is the largest personal computer software company in the world. His personal fortune (estate) is estimated at more than $75 billion (2020). Vulcan Inc is the family office of the late Paul Allen (1953 – 2018), co-founder of Microsoft and Jody Allen (sister).
Microsoft co-founder Paul Allen $10 Billion Family Office Vulcan Capital, Creates $8 Billion Investment Firm Cercano Management
Vulcan Capital, the venture investment arm of the family office of Microsoft co-founder Paul Allen with $26 billion fortune and managing $10 billion of investments, has created an independent investment firm Cercano Management following his death in 2018. The transition of Cercano Management to manage the investment assets of the Paul G. Allen estate and Paul G. Allen Family Foundation had started in early 2021. Cercano Management LLC and Cercano Management Holdings L.P. were officially established in September 2021. The late Paul Allen has no spouse or children, and had passed his estimated $26 billion fortune (2018) to his sister Jody Allen.
Paul Allen (1953 – 2018)
The late Paul Allen has no spouse or children, and had passed his estimated $26 billion fortune (2018) to his sister Jody Allen. Paul Allen is the co-founder of Microsoft (1975), which is the largest personal computer software company in the world. His personal fortune (estate) is estimated at more than $75 billion (2020). Vulcan Inc is the family office of the late Paul Allen (1953 – 2018), co-founder of Microsoft and Jody Allen (sister).
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