Profile
Allen Paulson
Businessman + Engineer and Philanthropist
Male
Born
Apr 22, 1922
Hometown
Clinton, Iowa
Died
Jul 19, 2000
Death Place
La Jolla, California
Allen Eugene Paulson was an American aviation entrepreneur, philanthropist, thoroughbred racehorse breeder and owner, and a self-made multi-millionaire.
Romance
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News + Updates
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Arts And Sciences Gets New Dean, Bret DanilowiczOcolly- Oklahoma State Universit - Apr 30, 2012 -
Commentary: Wild About Horses Cattle Network.ComGoogle News - Aug 11, 2011
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Arlington Park News Release: Road To The 2011 Arlington Million Vol 1 Horse Race Insider.ComGoogle News - Jun 30, 2011
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Power Player:John Taylor Go Local ProvGoogle News - Jun 20, 2011
Timeline
Learn about the memorable moments in the evolution of Allen Paulson.
CHILDHOOD
Born on April 22, 1922.
TEENAGE

Born in Clinton, Iowa, Allen E. Paulson was on his own at age 13, supporting himself selling newspapers and doing janitorial work at local hotel until he moved to California in 1937.
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After finishing high school in 1941, he took a 30-cent-per-hour job as an entry-level mechanic for TWA.
TWENTIES
In 1943-45 he served in the US Army Air Corps and spent a year studying engineering at the University of West Virginia.
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He left TWA to form his own company in 1951, first buying surplus Wright R-3350 engines from Boeing B-29s and selling the parts to airlines.
THIRTIES
In 1955 he purchased his first aircraft for resale, stripping the aircraft for parts and scrapping the rest and later rebuilding one aircraft for resale out of the parts of several.
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FORTIES

His company, the California Airmotive Corp., became one of the largest dealers in second-hand aircraft (particularly second-hand airliners) in the world. At one time he had 35 Lockheed Constellations of various models, 22 Douglas DC-6s and DC-7s and 4 other airliners in storage at Fox Field in Lancaster, California in 1970/71, not to mention other aircraft at other airfields such as Burbank.
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FIFTIES
In 1978 he seized the opportunity to buy the Grumman American plants and offices from Grumman for $52 million, forming the Gulfstream American Corporation.
LATE ADULTHOOD
In 1982, he bought Rockwell International's aviation division in Oklahoma and combined it with Gulfstream American to form Gulfstream Aerospace.
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In June 1985, he sold the company to Chrysler for $637 million.
His first American Champion in racing was Estrapade, the 1986 Eclipse Award winner as American Champion Female Turf Horse.
In 1990, with the assistance of Forstmann Little & Company, Paulson purchased all 25 million shares of Gulfstream's common stock from Chrysler, an investment of some $825 million.
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He owned Arazi, the 1991 European Horse of the Year for whom Sheikh Mohammed paid him $9 million for a half interest.
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Paulson's most famous American horse was U.S. Racing Hall of Fame inductee, Cigar, a darling of race fans and the media alike who captured the Breeders' Cup Classic, the first Dubai World Cup, and was voted Eclipse Award as American Horse of the Year in 1995 and 1996 while winning a record 16 straight races.
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1997
75 Years Old
Separate from Full House, Paulson took ownership of the Gold River casino in Laughlin, Nevada in 1997, having paid an estimated $28 million for the bankrupt property's $90 million in debt.
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Allen E. Paulson died in 2000 in hospital near La Jolla, California from cancer at age 78.
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Original Authors of this text are noted on http://en.wikipedia.org/wiki/Allen_E._Paulson.
Text is made available under the Creative Commons Attribution-ShareAlike License.
Text is made available under the Creative Commons Attribution-ShareAlike License.
