Who

Terry Allen Kramer is a socialite, theatre producer and the daughter of Charles Allen, who co-founded the boutique investment bank Allen & Company. Her first cousin is financier Herb Allen.

Backstory

Kramer's father, Charles Allen, co-founded Allen & Co. with his brother Herbert in 1922. The brothers made a fortune with investments in shipbuilding, chemicals, and drugs (Allen & Co. helped fund Syntex Corp., the inventor of the birth control pill), before Herbert Jr. took over and established the firm as one of the premiere investment banks in town. Terry never had anything to do with the family investment business, but with the fortune her father left her upon his death, she financed her passion, theater. Over the past three decades she's produced a slew of shows, including Joseph and the Amazing Technicolor Dreamcoat, The Goat, Or Who Is Sylvia?, Movin' Out, Fiddler on the Roof, Who's Afraid of Virginia Woolf?, and La Cage aux Folles. Kramer also owns a few theaters in partnership with James M. Nederlander, including the Marquis Theater and the Aldwych and Adelphia Theatres in the UK.

Family ties

Kramer's first cousin is Herb Allen, who continues to run the family firm as the CEO of Allen & Co. Herb, who is worth some $2 billion, is expected to eventually hand over the reigns to his son—and Terry's first cousin once removed—Herbert Allen III, the current president of the company.

Campaign trail

Kramer is a devoted Republican. In addition to donating thousands to the Republican party, she helped bankroll Rudy Giuliani's campaigns for office over the years and ponied up cash towards his ill-fated presidential bid in 2008.

Personal

Kramer was just 18 when she married her first husband, James Philips; the two had a daughter, Toni, but divorced in 1958 after Philips was caught cheating on her. (Phillips soon disappeared and it was later revealed that Kramer's father had paid Philips $2.7 million to stay out of the limelight.) Terry later married Irwin H. Kramer, who joined Allen & Co. after they married; the couple had two kids together, a son named Nathaniel and a daughter, Angela, who passed away in 2002. Kramer died in 2000. These days, Kramer's companion is British film/theater producer Nick Simunek.

Habitat

Kramer and Simunek resides in a lavish Park Avenue penthouse with sprawling terraces; they vacation at their 44,000-square-foot mansion in Palm Beach (although given her weathered appearance, she'd do well to stay out of the Florida sun). In February 2007, Kramer sold her 11-bathroom Southampton estate for $35 million, via broker Dolly Lenz. One person annoyed by the sale: Howard Stern, who'd been scheduled to rent the place for $600,000 for the season.