B. Wayne Hughes

For his son and businessman, see B. Wayne Hughes Jr.

B. Wayne Hughes
Born
Bradley Wayne Hughes

(1933-09-28)September 28, 1933
Gotebo, Oklahoma, U.S.
DiedAugust 18, 2021(2021-08-18) (aged 87)
Lexington, Kentucky, U.S.
Alma materUniversity of Southern California
OccupationBusinessman
Known forFounder, Public Storage
Spouse
Marjorie McKechnie
​
​
(m. 1958; div. 1975)​
Kathleen Becker
​
​
(m. 1983, divorced)​
Patricia Whitcraft
​
(m. 2017)​
Children3, including Tamara Gustavson and B. Wayne Hughes Jr.

Bradley Wayne Hughes (September 28, 1933 – August 18, 2021) was an American billionaire businessman, the founder and chairman of Public Storage,[1] the largest self-storage company in the U.S. doing business as a real estate investment trust (REIT).[2] At the time of his death, Hughes had an estimated net worth of US$3.3 billion.[3]

  1. ^ Jon Ronson (June 29, 2012). "Amber Waves of Green". GQ.
  2. ^ Under U.S. tax law, REITs are required to pay out at least 90% of their incomes to unitholders (the equivalent of shareholders). These amounts are taxed to the unitholder as ordinary income. "The Basics of REIT Taxation," Investopedia, at http://www.investopedia.com/articles/pf/08/reit-tax.asp
  3. ^ "Forbes profile: B. Wayne Hughes". Forbes. Retrieved August 19, 2021.