| B. Wayne Hughes Jr. | |
| Birth Name: | Bradley Wayne Hughes Jr. |
| Alma Mater: | University of Southern California |
| Children: | 2 |
| Father: | B. Wayne Hughes |
| Relatives: | Tamara Gustavson (sister) |
| Occupation: | Businessman |
B. Wayne Hughes Jr. (born)[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]
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]
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. Hughes Jr. has two children.
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]
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]