B. Wayne Hughes

About B. Wayne Hughes

Birth Day: September 28, 1933
Birth Place: Lexington, Kentucky, United States
Birth Sign: Libra
Occupation: Businessman
Children: Tamara Gustavson B. Wayne Hughes, Jr.

B. Wayne Hughes Net Worth

B. Wayne Hughes was bornon September 28, 1933 in Lexington, Kentucky, United States. B. Wayne Hughes cofounded Public Storage in 1972 and has since made a fortune storing Americans' excess junk. The $2.6 billion (sales) company is the world's largest self-storage business, with more than 2,300 locations throughout the U.S. and Europe. In 2011 he formed American Homes 4 Rent, a publicly-traded REIT that owns and rents out nearly 50,000 single-family homes across 22 states. Both Hughes' daughter, Tamara Hughes Gustavson, and his son, B. Wayne Hughes Jr., are billionaires.
B. Wayne Hughes is a member of Service

💰 Net worth: $2.8 Billion (Updated at 22 June 2018)

2009 $3.5 Billion
2010 $1.7 Billion
2011 $1.8 Billion
2012 $1.9 Billion
2013 $2 Billion
2014 $2.4 Billion
2015 $2.3 Billion
2016 $2.7 Billion
2017 $2.8 Billion
2018 $2.64 Billion

Some B. Wayne Hughes images

Biography/Timeline

1972

An owner of thoroughbred racehorses since 1972, his colt Action This Day won the 2003 Breeders' Cup Juvenile and was voted the Eclipse Award for Outstanding 2-Year-Old Male Horse. In June 2004 he acquired the historic 700-acre (2.8 km) Spendthrift Farm near Lexington, Kentucky. In 2013, his filly Beholder won the Breeders' Cup Distaff and was voted the Eclipse Award for American Champion Three-Year-Old Filly.

1980

Known all his life by his middle name, B. Wayne Hughes was the company's President and Co-Chief Executive Officer from 1980 until November 1991 when he became Chairman of the Board and sole Chief Executive Officer. He retired as Chief Executive Officer in November 2002 and remains Chairman of the Board. He was Chairman of the Board and Chief Executive Officer from 1990 until March 1998 of Public Storage Properties XI, Inc., which was renamed PS Business Parks, Inc. ("PSB"), an affiliated REIT. From 1989-90 until the respective dates of merger, he was Chairman of the Board and Chief Executive Officer of 18 affiliated REITs that were merged into the Company between September 1994 and May 1998 (collectively, the "Merged Public Storage REITs"). has been active in the real estate investment field for over 30 years.

2010

Hughes is the largest donor to American Crossroads, a conservative political organization started by Karl Rove. As of 2010, Hughes has contributed $1.55 million to the organization.