Business

World's 46th Richest Man, Microsoft Co-Founder Paul Allen Dies At Age 65 From Cancer

DIVYIA ASTHANA | 0
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| October 16 , 2018 , 08:55 IST

American business magnate, investor and philanthropist Paul Allen, who co-founded the world's biggest software company Microsoft in 1975 alongside Bill Gates, died at the age of 65 years on Monday in Seattle due to complications from non-Hodgkin’s lymphoma, a type of cancer.

According to reports, Allen had been treated for non-Hodgkin’s lymphoma in 2009, but it returned two weeks back. At the time of his death, he was estimated to be the 46th-richest person in the world, with an estimated net worth of $20.3 billion.

Allen's sister Jody confirmed his death in a statement on Monday afternoon.

"Paul's family and friends were blessed to experience his wit, warmth, his generosity and deep concern. For all the demands on his schedule, there was always time for family and friends," the statement said.

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"At this time of loss and grief for us - and so many others - we are profoundly grateful for the care and concern he demonstrated every day," the statement said.

Gates mourned the loss of one of his “oldest and dearest friends” in a statement.

“Personal computing would not have existed without him,” Gates said.

“But Paul wasn’t content with starting one company. He channeled his intellect and compassion into a second act focused on improving people’s lives and strengthening communities in Seattle and around the world. He was fond of saying, ‘If it has the potential to do good, then we should do it,’” Gates said.

Allen and Gates first met while attending a private school in north Seattle and both later dropped out of their respective colleges to devote their time to their startup, initially named 'Micro-Soft' which they co-founded in 1975.

"From our early days together at Lakeside School, through our partnership in the creation of Microsoft, to some of our joint philanthropic projects over the years, Paul was a true partner and dear friend," said Gates.

"He deserved much more time, but his contributions to the world of technology and philanthropy will live on for generations to come. I will miss him tremendously," Gates added.