B. Wayne Hughes

$4.11B

as of 08/18/21

About B. Wayne Hughes

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.

Personal stats

Citizenship

United States of America

Source of wealth

self storage

Birth date

09/28/33

Number of children

Education

Bachelor of Arts/Science, University of Southern California

Self-made

self-made

B. Wayne Hughes’s fortune is worth

68K

troy ounces of gold

63K

median U.S. household

41K

median U.S. income

0.082%

U.S. credit card volume

0.016%

GDP of the United States

0.012%

United States debt

Net worth history

Annual ranking

Did you know?

A lover of thoroughbred horse racing, Hughes has nine Kentucky Derby champions -- two of them Triple Crown winners -- standing at stud at his Spendthrift Farm.