Paul Allen made a fortune helping Bill Gates launch Microsoft. Allen still owns a good chunk of Microsoft stock. His other investments over the years include the Portland Trailblazers and Seattle Seahawks.
Which has been Allen’s most profitable? According to the Puget Sound Business Journal it’s the Seahawks. The Journal reports the NFL franchise and the television rights have been a better investment than Allen’s stake in Microsoft, during the time he’s owned the club.
Bloomberg reports the Seahawks are now worth 6 times what Allen originally paid in 1997. During that time Microsoft shares only doubled.
Allen’s return on his Blazers investment is trickier to calculate, given that the franchise has lost a significant amount of money over the years.
Photo courtesy: Associated Press