B. Wayne Hughes

$4.11B

as of 08/18/21

B. Wayne Hughes cofounded self-storage company Public Storage in 1972 and has since made a fortune storing Americans' excess junk.

In 2011 he formed American Homes 4 Rent, a publicly-traded REIT that owns and rents out nearly 53,000 single-family homes across 22 states.

Hughes owns less than 1% of Public Storage shares, having given bulk to his daughter Tamara Hughes Gustavson and also to his son Wayne Hughes Jr.

The company boasts $2.2 billion in sales, mostly from its 2,000 self-storage locations worldwide. Its European unit Shurgard went public in 2018.

In September, Hughes was outed by the L.A. Times as the anonymous donor of $400 million to his alma mater, the University of Southern California.

United States of America

self storage

09/28/33

Bachelor of Arts/Science, University of Southern California

self-made

68K

63K

41K

0.082%

0.016%

0.012%

Hughes was an usher at O.J. Simpson's wedding to Nicole Brown.

American Homes 4 Rent

Public Storage