Background
Allen, Herbert was born on February 13, 1908 in New York City. Son of Charles and Francis (Mayer) Allen.
Financier investor stockbroker
Allen, Herbert was born on February 13, 1908 in New York City. Son of Charles and Francis (Mayer) Allen.
Doctor of Commercial Science (honorary), Ithaca College.
They were one of the first in the industry to specialize in corporate takeovers. One of the wealthiest figures on Wall Street, in 1956 he was appointed chairman of Benguet Consolidated Mining Company which had chrome and gold mining operations in the Philippines. Among his other investments, the Allen brothers" company held an eighty percent share position in Ogden Corporation as well as a substantial holding in pharmaceutical manufacturer, Syntex Corporation.
He also controlled the Irvine Ranch in California, which was converted into a substantial real estate development company.
Herbert Allen became a major participant in Thoroughbred horse racing.
Trustee, vice president Hackley School, Tarrytown, New York. Member of Deepdale Golf. Indian Creek Golf (Florida).
Mark's (London); Saratoga Golf and Polo. Bal Harbour Club.
Married Kathleen Heffernan (deceased). Children— Herbert Anthony, Susan Kathleen Allen. Married Ethel Strong.