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Public Storage is an American international self storage company headquartered in Glendale, California, that is run as a real estate investment trust (REIT). It is the largest brand of self-storage services in the US. [ 2 ]
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]
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.
Tamara Gustavson, $5.5 Billion. The richest person in Kentucky, Tamara Gustavson can claim a top spot in America as well, thanks to the self-storage company Public Storage co-founded by her father ...
Gustavson joined Public Storage in 1983. She worked at the company for twenty years, rising to senior vice president before leaving in 2003. [2] [7] She joined the company’s board of trustees in 2008 [7] and, as of 2022, was the largest shareholder with an 11% stake. [2]
The company was formed in 1990 as a division of Public Storage. [4]In 1998, the company was spun-off from its parent. [5]In 2002, the company acquired Metro Park North, a 17-building business park in Rockville, Maryland for $125 million.
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