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Do Billionaires Have Estate Sales?

HOLLYWOOD, CA – OCTOBER 26: Co-founder of Microsoft Corporation Paul Allen attend the premiere of Paramount Pictures’ “Interstellar” at TCL Chinese Theatre IMAX on October 26, 2014 in Hollywood, California. (Photo by Frazer Harrison/Getty Images)

Paul Allen is Dead.  The Paul Allen Institutions May Live On

Allen’s real impact will not be felt until he is redefined as whatever institutions he created succeed the man himself.
 
What is Vulcan unless it is a money machine to fund Paul’s hobbies? Does Vulcan have any other vision? Could it develop Lake Union into Seattle’s version of Lake Geneva?
 
The assorted Allen Institutes and museums are also enigmatic. Will Vulcan continue to support the brain institute? the AI institute? The cell biology institute? None of these have the sort of institutional community that makes the Hutch such a living being in its own right. Could they all become parts of the Hutch or develop their own boards?
 
Similar issues .. the Seahawks, the EMP, the collections of airplanes, houses  and yachts.
 

Do billionaires have yard sales?


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