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Billionaire Profile
B. Wayne Hughes Jr
Global Rank
#1966

Image: Public domain | via Wikimedia Commons

B. Wayne Hughes Jr

CEO, Public Storage
US
Real-Time Net Worth
$2B
As of December 2025
Age
66
Source
Storage facilities
Industry
real-estate
Citizenship
US

Biography

B. Wayne Hughes Jr. is an American businessman and philanthropist, recognized for his significant contributions to the real estate industry and his philanthropic endeavors. As of 2024, his net worth is estimated at $2.0 billion, primarily derived from his involvement in storage facilities. Hughes Jr. began his career at Public Storage, where he served as Vice President of Acquisitions. He later founded American Commercial Equities, a real estate investment firm. Beyond his business achievements, Hughes Jr. is known for his philanthropic work, particularly through his involvement in the foundation of Oaks Christian School and the establishment of Serving California, an organization that supports crime victims and veterans. He graduated from the University of Southern California with a Bachelor of Arts in Performing Arts.

Wealth Over Time

In-Depth Profile

Early Life

B. Wayne Hughes Jr. was born in 1958 or 1959. He is the son of B. Wayne Hughes, the founder of Public Storage. Growing up in Southern California, Hughes Jr. developed a love for the outdoors, including surfing and ranching.

Rise to Success

Hughes Jr. began his career at Public Storage, where he served as Vice President of Acquisitions from 1985 to 1998. During his tenure, he played a key role in the expansion of the company's portfolio. In 2005, he founded American Commercial Equities, a real estate investment firm focused on acquiring and managing properties in California and Hawaii. This venture has significantly contributed to his wealth and standing in the industry.

Key Business Strategies

Hughes Jr.'s business acumen is evident in his strategic approach to real estate investments, focusing on prime properties. His ability to identify and capitalize on opportunities has been central to his success. His leadership at American Commercial Equities has established it as a prominent real estate investment firm.

Philanthropy

B. Wayne Hughes Jr. has been actively involved in philanthropy. He played a role in the foundation of Oaks Christian School. In 2013, he established Serving California to aid victims of crime and hardship, rehabilitate ex-offenders, and assist veterans impacted by PTSD. He has also contributed to political causes.

Career Milestones

1985-1998

Vice President of Acquisitions

Served as Vice President of Acquisitions at Public Storage, playing a pivotal role in expanding the company's portfolio.

2005

Founder, American Commercial Equities

Founded American Commercial Equities, a real estate investment firm.

2013

Established Serving California

Established Serving California to aid crime victims, rehabilitate ex-offenders, and assist veterans impacted by PTSD.

Philanthropy & Social Impact

Education

Oaks Christian School

Undisclosed

Played a significant role in the foundation of Oaks Christian School.

Social Services

Serving California

Undisclosed

Established Serving California to aid victims of crime and hardship, rehabilitate ex-offenders, and assist veterans impacted by PTSD.

Social Services

Hughes Charitable Foundation

Undisclosed

Supports causes in Wyoming, including social services for various vulnerable groups.