B. Wayne Hughes Jr. (born 1958 or 1959)[1] is an American businessman and philanthropist. He is the son and namesake of B. Wayne Hughes, the founder and chairman of Public Storage, established in 1972.[2]
B. Wayne Hughes Jr. | |
|---|---|
| Born | Bradley Wayne Hughes Jr. 1958 or 1959 (age 64–65)[1] |
| Alma mater | University of Southern California |
| Occupation | Businessman |
| Children | 2 |
| Parent |
|
| Relatives | Tamara Gustavson (sister) |
Business background edit
Hughes Jr. held a leading role in the family business from 1985 to 1998 as Vice President of Acquisitions.[3] Public Storage operates storage facilities across the United States and Europe as a member of the S&P 500 and FT Global 500.[4] At present (2016), he is a member of the Board of Trustees of Public Storage, alongside his sister Tamara Gustavson.[5]
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.[6] According to Forbes, Hughes Jr.'s estimated net worth is $2 billion (as of March 2024).[7]
Personal life edit
Hughes Jr. holds a Bachelor of Arts in Performing Arts from the University of Southern California.[7] A native of Southern California, he is a surfer and rancher.[citation needed] Hughes Jr. has two children.[citation needed]
Philanthropy edit
Hughes Jr. played a significant role in the foundation of Oaks Christian School in California.[8]
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.[9]
Political activities edit
Hughes Jr. donated $1.2 million to California Proposition 47 (2014), focused on sentencing reform, which California voters passed in November 2014. The bill reduces certain drug possession felonies to misdemeanors.[10][11] During the campaign he stated, "When [Prop 47] passes ... the next place for parties to come together are issues around mental health. I'm doing what I'm doing and I'm not going to quit. It's fun helping people."[11]
Hughes Jr. supported CA Assembly Bill 1672, which works to expand the reach of veterans courts dealing with rehabilitation and recovery.[12]
Hughes Jr. is a member of the organization Right on Crime, a nationwide initiative to drive criminal justice reform.[13] On June 15, 2014, Hughes Jr. spoke at TEDx at Ironwood State Prison about the need for change in the country's prison system.[14]
During the 2016 presidential election, Hughes Jr. donated $117,000 to the campaign of Libertarian Gary Johnson.[15]
Hughes Jr. contributed $500,000 to Donald Trump's 2020 presidential campaign.[16]
References edit
- ^ a b Savchuk, Katia. "Riding to the Rescue: Billionaire Brings Hope To Veterans On California Ranch". Forbes. Retrieved July 15, 2016.
- ^ Morain, Dan (December 6, 2014). "B. Wayne Hughes Jr. spends millions and finds God in felons". Sacramento Bee. Retrieved March 12, 2018.
- ^ "About B. Wayne Hughes, Jr". B. Wayne Hughes Jr. Retrieved July 15, 2016.
- ^ "About Public Storage". Public Storage. Archived from the original on February 2, 2018. Retrieved July 15, 2016.
- ^ "Public Storage Trustees". Public Storage. Retrieved July 15, 2016.
- ^ "The Firm: American Commercial Equities". American Commercial Equities. Retrieved July 15, 2016.
- ^ a b "B. Wayne Hughes, Jr". Forbes. Retrieved March 28, 2024.
- ^ "Oaks Christian School: About us". Oaks Christian School. Archived from the original on July 23, 2016. Retrieved July 15, 2016.
- ^ "About SC". Serving California. Retrieved July 15, 2016.
- ^ "What you need to Know about Prop 47". CA.Gov. Retrieved July 15, 2016.
- ^ a b Sledge, Matt (October 2, 2014). "California Prison Reform's Biggest Backer Is Also Friends With Karl Rove". HuffPost. Retrieved July 15, 2016.
- ^ "Veterans' Courts measure advanced". The Porterville Recorder. Retrieved July 15, 2016.
- ^ "Right on Crime". Right on Crime. Retrieved July 15, 2016.
- ^ "B. Wayne Hughes Jr, TEDx ironwood state prison". TEDx. Retrieved July 15, 2016.
- ^ Mason, Melanie (September 7, 2016). "Why a conservative California mega-donor gave more than $100,000 to Gary Johnson's presidential campaign". Los Angeles Times. Retrieved October 10, 2016.
- ^ "Here Are The Billionaires Who Donated To Donald Trump's 2020 Presidential Campaign". Forbes. Retrieved March 28, 2024.