B. Wayne Hughes
Lexington, Kentucky
Bachelor of Arts/Science, University of Southern California
United States
9
self storage, Self Made
$3,100,000,000
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2
#804 Billionaires 2019
#280 Forbes 400 2018
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.
A lover of thoroughbred horse racing, Hughes has nine Kentucky Derby champions -- two of them Triple Crown winners -- standing stud at his Spendthrift Farm.Hughes was an usher at O.J. Simpson's wedding to Nicole Brown.
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