B. Wayne Hughes, Jr.

About B. Wayne Hughes, Jr.

Birth Place: Malibu, California, United States
Alma mater: University of Southern California
Occupation: Businessman
Parent(s): B. Wayne Hughes (father)

B. Wayne Hughes, Jr. Net Worth

B. Wayne Hughes, Jr. was born in Malibu, California, United States. B. Wayne Hughes Jr. was born into the self storage business. His father, B. Wayne Hughes, founded Public Storage in 1972 and turned it into the largest publicly traded self-storage company in the United States. Hughes Jr. worked at Public Storage for almost two decades, starting in 1983. He was vice president of acquisitions from 1992 to 2002 and still serves on the board alongside his sister, Tamara Hughes Gustavson. Hughes Jr., his father and Gustavson are all billionaires. In 2005 he launched American Commercial Equities, a real estate company that acquires and manages properties in Hawaii and California. With his wife, Wendy, he created the Cantinas Ranch Foundation in Malibu, a place for worship, leadership and the arts. He is also the founder of Serving California, a nonprofit that helps military families, victims of crime and former inmates rebuild their lives.
B. Wayne Hughes, Jr. is a member of Real Estate

💰 Net worth: $1.35 Billion (Updated at 22 June 2018)

2015 $1.3 Billion
2016 $1.4 Billion
2017 $1.3 Billion
2018 $1.24 Billion

Some B. Wayne Hughes, Jr. images

Biography/Timeline

1672

Hughes Jr. supported CA Assembly Bill 1672, which works to expand the reach of veterans courts dealing with rehabilitation and recovery.

1985

Hughes Jr. held a leading role in the family Business from 1985-1998 as Vice President of Acquisitions. Public Storage operates storage facilities across the United States and Europe as a member of the S&P 500 and FT Global 500. At present (2016), he is a member of the Board of Trustees of Public Storage, alongside his sister Tamara Gustavson.

2005

In 2005, Hughes Jr. founded American Commercial Equities. The firm is based in Malibu, California, and focuses on the management and acquisition of prime real estate properties in California and Hawaii. According to Forbes rankings of The World's Billionaires 2018, Hughes Jr.'s estimated net worth is $1.25 billion (as of March 2018).

2013

In 2013, Hughes Jr. established Serving California. The mission of the foundation is to aid victims of crime and hardship, rehabilitate ex-offenders, and assist veterans impacted by PTSD.

2014

Hughes Jr. is a member of the organization Right on Crime, a nationwide initiative to drive Criminal justice reform. On June 15, 2014, Hughes Jr. spoke at TEDx at Ironwood State Prison about the need for change in the country's prison system.

2016

During the 2016 presidential election, Hughes donated $117,000 to the campaign of Libertarian Gary Johnson.