| Name: | Carl Allen |
| Net Worth: | $ 400 million |
| Source of Wealth: | Heritage Bag, Allen Exloration |
| Born: | 1960s |
| Age: | |
| Country: | USA |
| Wife: | Gigi Allen |
| Children: | Anne Allen, Thomas Allen, 2 more |
| Residence: | Dallas, TX, USA |
| Private Jet: | Icon A5 (N444BA), Cirrus SR 22 plane (N638SR) |
| Yacht: | GIGI |
Carl Allen, born in the 1960s, forged a successful career as the CEO of his family business, Heritage Bag. Along with his wife, Gigi, and their four children, he represents a legacy in the plastic bags and liners industry. Heritage Bag, under Allen’s astute leadership, flourished until he sold it in 2016.
Established in 1973 by Carl F. Allen, Heritage Bag quickly rose to prominence as a leading producer of trash bags and liners in North America. Based in Dallas, Texas, the company supplied a vast array of plastic trash bags, can liners, and food bags to institutional and commercial customers.
With six production facilities and an impressive team of 800 employees, the company was eventually sold to Novolex in 2016 for an estimated $300 million. Post this transaction, Allen shifted his focus towards investing via his firm, Allen Exploration.
Allen Exploration is Carl Allen’s brainchild. It functions as a family office and investment firm, showcasing Allen’s diverse entrepreneurial spirit. Beyond conventional investing, the company extends its pursuits to nature exploration, pollution research, fish migration studies, and treasure hunts for sunken ships.
Allen’s impressive fleet includes the Westport Gigi, the 55-meter Damen support vessel Axis, a Triton submarine, an Icon A5 aircraft (N444BA), a Cirrus SR 22 plane (N638SR), and a Viking sport fisher yacht named Frigate.
In 2018, Allen acquired the beautiful Walker’s Cay in the Bahamas. With grand visions of creating an idyllic sports fishing island complete with a marina fit for both superyachts and sport fisher yachts, Allen continues to diversify his investment portfolio.
With a well-rounded career spanning various industries, we estimate Carl Allen’s net worth to be around $400 million.
The Allen family, with Carl and Gigi at the helm, are committed philanthropists. Their generous donations, amounting to millions, have significantly contributed to healthcare, education, and nature conservation causes.
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Carl and his wife Gigi Allen in a large house in Dallas.
Dallas is a vibrant and cosmopolitan city located in the state of Texas, United States. As the third-largest city in Texas and the ninth-largest in the nation, it boasts a diverse population, a thriving economy, and a rich cultural scene. Known for its iconic skyline, Dallas is a hub for various industries, including technology, finance, healthcare, and telecommunications. The city is also famous for its historical significance, world-class museums, renowned sports teams, and delicious Tex-Mex cuisine. Dallas offers a unique blend of Southern charm and modern urban living, making it an attractive destination for both tourists and residents alike.
His father Carl F Allen –
He is the owner of the Gigi Yacht and her support vessel Axis. Designed by Donald Starkey, Gigi is the epitome of luxury and style. This Westport yacht can comfortably accommodate 12 guests and a crew of 11. Powered by two MTU engines, Gigi boasts a top speed of 24 knots and a cruising speed of 18 knots. With a range of 3,700 nautical miles, she is perfect for long voyages.
He owns an Icon A5 aircraft (N444BA), a Cirrus SR 22 plane (N638SR).
The Cirrus SR22 is a popular single-engine, four-to-five-seat, composite aircraft built by Cirrus Aircraft. Introduced in 2001, it quickly became one of the best-selling general aviation aircraft in its class, known for its exceptional performance, safety features, and advanced avionics.
The SR22 is powered by a Continental IO-550-N engine, which provides a cruise speed of around 183 knots and a range of approximately 1,200 nautical miles. With its large, comfortable cabin and impressive payload capacity, the aircraft is ideal for both short and long trips.
One of the SR22’s most notable safety features is the Cirrus Airframe Parachute System (CAPS), a whole-aircraft parachute designed to safely bring the aircraft and its occupants to the ground in the event of an emergency. The SR22 also includes advanced avionics with the Garmin G1000 NXi or the Cirrus Perspective by Garmin flight deck, offering cutting-edge technology for navigation, communication, and flight management.
Overall, the Cirrus SR22 is an excellent choice for pilots seeking a reliable, high-performance, and safe aircraft for personal or business use.
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Yacht Owners Database 2024
