Portrait of B. Wayne Hughes Jr

Rank #1971

B. Wayne Hughes Jr

Net worth $2.1B

Storage facilities · United States

Born
May 27, 1959
Age
66
Source
Storage facilities
Residence
Jackson, Wyoming
Citizenship
United States
Marital status
Married
Children
0
Education
Bachelor of Arts/Science, University of Southern California

Net worth over time

Biography

  • B. Wayne Hughes Jr. was born into the self-storage business; his father, B. Wayne Hughes (d. 2021), cofounded Public Storage in 1972.
  • Hughes Jr. worked at Public Storage for almost two decades, starting in 1983.
  • He was vice president of acquisitions from 1992 to 2002 and served on the board until late 2020.
  • In 2005 he launched American Commercial Equities, a real estate company that acquires and manages properties in Hawaii and California.
  • His Hughes Charitable Foundation focuses on issues such as education, at-risk youth and food and housing insecurity in his home state of Wyoming.
  • Hughes Jr. is the founder of Serving USA, a nonprofit that helps military families, victims of crime and former inmates rebuild their lives.
  • Hughes Jr.'s sister, Tamara Hughes Gustavson, is also a billionaire.

Financial assets

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