[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

Fwd: Re: Paul Allen

I can't be very specific, but from time to time I see items in the
Wall Street Journal about some ventures of his that have turned 
sour.  And he was recently an overly-generous contributor to a
worthy(I'm sure) Seattle-area charity.
I used to work at Wang Laboratories, and when Dr. Wang's net worth
hit $1-billion dollars in 1983 I believe, you couldn't pick up the
Lowell Sun without seeing some commercial or charitable venture in
which the Wangs were engaged.  I hope for Fred's and Courtney's and
Juliette's sake, they didn't blow it all.

--------- Forwarded Message ---------

DATE: Wed, 22 Aug 2001 22:46:05
From: dan.strassberg@att.net
To: lglavin@lycos.com
Cc:"Laurence Glavin" <lglavin@lycos.com>, boston-radio-interest@bostonradio.org
How much can WWZN cost to run? $2 million a year sounds 
high. Almost all of the programming comes from the bird. 
Yeah, I know, that will change--especially after the 
Celtics contract kicks in. For now, though, I bet the 
biggest expense is the power bill.

If I'm not mistaken Allen's net worth has been estimated 
to be in the $20 billion area. So at $2 million per 
year, he could keep WWZN going for 10,000 years, 
assuming that the $20 billion produced zero income and 
that WWZN was his only losing investment--both pretty 
lousy assumptions.

Still, it probably doesn't make a whole lot of sense to 
lose sleep over Allen's financial well-being.
> Even several BILLION dollars is a finite amount; how long can
> even a person of his resources keep bleeding moolah?

--------- End Forwarded Message ---------

Get 250 color business cards for FREE!