03/18/2011 10:17 am ET Updated May 25, 2011

Paul Allen Buys MiG-29 Russian Fighter Jet

Billionaire Paul Allen, co-founder of Microsoft, has just added a Russian fighter jet to his robust collection of pricy assets, which include the Portland Trail Blazers basketball team, a 303-foot long yacht, and several airplanes.

Allen recently purchased a restored Russian MiG-29 fighter jet.

The AP writes of the purchase:

The jet had been restored by another Washington aviation enthusiast and is currently on display at Allen's aviation museum at Paine Field in Everett. The manager of the Flying Heritage Collection says the jet is not expected to stay in Everett.

Allen's Flying Heritage Collection says of the MiG-29, "The two-seat Soviet-designed fighter served with Russia and the Ukrainian Air Force before coming to the U.S. for restoration."

See a picture of the jet here, then check out photos of Allen's mega-yacht, the Tatoosh.