> A reverse Midas touch
>
> Jan 29, 2003 (The Bulletin - ABIX via COMTEX) --
> Paul Allen, the man who helped Bill Gates start Microsoft, is regarded as the fourth richest person in the world. His wealth is estimated at $US21 billion. However, a number of
> companies in which Allen has investments are not performing too well. One such firm is Charter Communications, a US cable company that has debts of $US20 billion.
>
> Allen's $US7 billion investment in the firm has fallen to $US420 million over the last year as a result of a 90 per cent fall in its share price. Allen, whose paper wealth is said to have fallen by $US20 billion since 1999, recently
> appeared in a "BusinessWeek" list of its worst managers.
>
> Publication Date: 4 February 2003
