B. Wayne Hughes, Jr.
Real Estate

B. Wayne Hughes, Jr. Net Worth

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B. Wayne Hughes Jr. was born in Malibu, California and grew up in the self storage business. His father, B. Wayne Hughes, founded Public Storage in 1972 and Hughes Jr. worked there for almost two decades. He is now a billionaire and the founder of American Commercial Equities, a real estate company, and the Cantinas Ranch Foundation, a place for worship, leadership and the arts. He also created Serving California, a nonprofit that helps military families, victims of crime and former inmates.
B. Wayne Hughes, Jr. is a member of Real Estate

Age, Biography and Wiki

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

💰 Net worth: $1.9 Billion (2024)

B. Wayne Hughes, Jr., a prominent figure in the real estate industry in the United States, is estimated to have a net worth of $1.9 billion by 2024. As the son of businessman and founder of Public Storage, B. Wayne Hughes Sr., he has successfully carried on his family's legacy and expanded their real estate empire. With his astute business acumen and expertise in property development, Hughes Jr. has amassed significant wealth over the years. His wealth not only stems from real estate investments but also includes other ventures and endeavors. With his extensive knowledge of the market, B. Wayne Hughes Jr. continues to make a significant impact on the real estate landscape in the United States.

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

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.

Some B. Wayne Hughes, Jr. images

Tags 1950s births Living people American philanthropists American businesspeople

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Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.