Allen Paulson was born on April 22, 1922, in Clinton, Iowa. He learned the value of hard work at a young age, supporting himself from the age of 13. Despite facing financial challenges, Paulson was determined to make a name for himself in the world of business.
Paulson found success in the aviation industry, starting by purchasing surplus engines from B-29s and reselling their parts to airlines. This venture eventually grew into one of the largest dealers of second-hand airliners, propelling Paulson to great financial success. He made millions from buying and re-selling used airplanes, allowing him to expand his business interests.
One of Paulson's passions was racehorse breeding. Using some of his wealth from the aviation industry, he financed horse-breeding operations in Kentucky and Florida. Paulson's dedication and expertise in horse breeding led to the raising of champions like Cigar and Arazi.
In 1988, Paulson was awarded the prestigious Howard Hughes Memorial Award for his significant contributions to aviation. This honor recognized his innovative approach to the industry and his impact on aviation as a whole. Paulson's legacy continues to inspire future generations of entrepreneurs and aviation enthusiasts.
Allen Paulson's entrepreneurial spirit and determination have left a lasting impact on the aviation and horse racing industries. His ability to turn challenges into opportunities and his focus on quality and excellence have earned him a place among the most respected figures in business. Paulson's legacy serves as a reminder of the rewards that come from hard work, dedication, and a passion for innovation.