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Ex Microsoft Boss looses Billions

Posted on 29. Jan, 2009 by Simon Whiston in General News

Former co-founder Paul Allen is about to loose 7 billion dollars that he invested into a TV cable operator called Charter Communications.  Charter communications was allens biggest investment after he left Microsoft in 1983 and now owns 50% of the communications company.

Charter Communications is the fourth largest cable company in the united states but due to the currect economic climate, they are facing bankruptcy. Allen the former Microsoft boss had a large fortune of $30 billion dollars and is now said to be worth just over half that.

Lets face it, I dont think he will be investing in any company’s anytime soon

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