22 Facts About Allen Paulson

Allen Eugene Paulson was an American businessman.

Allen Paulson 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.

Allen Paulson sold those, along with Convair 240 and 340 models, for corporate airplanes.

In 1970, Allen Paulson began to develop the American Jet Hustler, a corporate aircraft that featured a propeller in front for short runway use, and a jet in back for high-altitude cruising.

Allen Paulson transformed the company into the world's largest manufacturer of private jets.

Allen Paulson was awarded the Clarence E Page Memorial Trophy from the Oklahoma Air and Space Hall of Fame in 1989.

Allen Paulson announced his retirement in January 1992 and his shares in the company were purchased by Forstmann Little.

Allen E Paulson received numerous other awards during his lifetime including five honorary doctorates, the Award for Meritorious Service to Aviation by the National Business Aviation Association, Inc and the Golden Plate Award of the American Academy of Achievement.

Allen Paulson bought the Ford, Cadillac, Lincoln-Mercury, Infiniti, and Rolls-Royce franchises in the area and opened a Lexus dealership in Beverly Hills.

In 1983, Allen Paulson got involved in the sport of thoroughbred horse racing.

Allen Paulson eventually became a significant force in racing in North America and in France.

Allen Paulson owned Arazi, the 1991 European Horse of the Year for whom Sheikh Mohammed paid him $9 million for a half interest.

Allen Paulson owned the Champion filly Azeri, although he did not live to see her compete, but his son, Michael, campaigned Azeri over three championship seasons for Paulson's trust.

Allen Paulson owned more than 115 winners of graded stakes races.

Allen Paulson's horses won a record eight Breeders' Cup races and earned him more Breeders' Cup purse money than any other stable owner.

Allen Paulson was voted the American Eclipse Award for Outstanding Owner in 1995 and 1996, the 1993 Eclipse Award for Outstanding Breeder, and the American Thoroughbred horse racing industry's highest honor, the Eclipse Award of Merit.

Allen Paulson is still the 'all time' leading owner of 'Breeders' Cup' champion horses and earnings.

In 1994, Allen Paulson bought a 17.5 percent stake in casino operator Full House Resorts and became chairman and CEO.

Separate from Full House, Allen 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.

Allen Paulson agreed to buy the Riviera and Four Queens casinos in Las Vegas for $304 million, but later canceled the deal, stating he was given inadequate financial information.

Allen E Paulson died in 2000 in hospital near La Jolla, California from cancer at age 78.

Allen Paulson is interred at the Forest Lawn Memorial Park in Glendale, California.