Creating Gulfstream Aerospace (The Jet Powered Life of Allen Paulson)
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How a Gravedigger Built the Gulfstream Empire
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This guy turned a bankrupt jet company into a $5.3 billion empire Allen Paulson was born on an Iowa farm in 1922. His father went bankrupt during the Great Depression, so at 13, Allen left home. He sold newspapers, cleaned hotels, and worked dairy farms to survive. At 19, he became a TWA mechanic making 30 cents an hour. He spent decades buying and selling aircraft parts. But he didn't want to just flip parts forever. ✓ Spent life savings to acquire Gulfstream for $58 million in 1978 ✓ Kept all
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This guy turned a bankrupt jet company into a $5.3 billion empir…
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The Coast Guard has bought two Gulfstream private jets for Homeland Security Secretary Kristi Noem and other top department officials. The New York Times reported the two aircraft cost 172 million dollars. The Washington Post put the cost at 200 million, including funds for training, new paint and cabin updates. Both figures are far higher than the 50 million dollars the Coast Guard requested for a new jet this year. A DHS official said the aircraft were needed for safety. According to a stateme
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