Herbert A. Allen III is an American businessman.
Herbert Allen III is the son of Laura (née Parrish) and Herbert Allen, Jr., former president of Allen & Company, and grandson of Herbert A. Allen, Sr. who co-founded Allen & Company with his older brother, Charles Robert Allen, Jr. Allen & Company was one of the first in the industry to specialize in corporate takeovers. He has three siblings: Charles, Leslie, and Christie. His parents later divorced and his father remarried Broadway dancer Ann Reinking. Allen graduated from Yale University. He took over Allen & Company in 2002 and is President and Chief Executive Officer of Allen & Company.
In October 2012, Vanity Fair ranked him number 18 in their list of The New Establishment. Herbert Allen III is on the Board of Directors of the U.S.-Mexico Foundation. The U.S.-Mexico Foundation "is dedicated to expanding opportunity for the people of Mexico through effective philanthropy and binational partnerships." Herbert Allen III, also known as Herb Allen, is a Wilson Center Expert.
Herbert Allen III is married to Monica de la Torre, a public-interest lawyer and native of Puerto Rico.