B. Wayne Hughes

Bradley Wayne Hughes (September 28, 1933 – August 18, 2021) was an American billionaire businessman, the founder and chairman of Public Storage, the largest self-storage company in the U.S. doing business as a real estate investment trust (REIT). At the time of his death, Hughes had an estimated net worth of US$3.3 billion. Early life Hughes was born in Gotebo, Oklahoma, on September 28, 1933. His family relocated to Los Angeles during the Dust Bowl, before making their home in El Monte, California. When Hughes was eleven, he was brought to his first horse race at Santa Anita Park by his father. He attended Mark Keppel High School, graduating in 1951. He was then awarded a scholarship to study at the University of Southern California, graduating in 1957. Career Hughes started his career in Los Angeles real estate until the early 1970s. He subsequently established Public Storage in 1972. Initially operating out of a single location in El Cajon, California, it soon expanded to other sites around the country. Hughes served as the company's president and co-CEO from 1980 to November 1991 when he became chairman and sole CEO. He retired as CEO in November 2002 and remained chairman. He was also chairman and CEO from 1990 to March 1998 of Public Storage Properties XI, Inc, which was renamed PS Business Parks, Inc (PSB), an affiliated REIT. In 2011, Hughes founded American Homes 4 Rent (AH4R), now known as American Homes, one of the largest single family rental owners in the United States.