Tamara Gustavson

Tamara Hughes Gustavson (born 1961) is an American business executive and billionaire.[1][2] The daughter of Public Storage co-founder and chairman B. Wayne Hughes,[3] Gustavson is Public Storage’s largest shareholder, owning 11% of the company.[2] As of August 2022, she ranked #251 on the Forbes 400 with a net worth of $8 billion.[4]

Tamara Gustavson
Born
Tamara Hughes

1961 (age 61–62)
NationalityAmerican
Alma materUniversity of Southern California
OccupationDirector of Public Storage
Known for11% stake in Public Storage
Children2
Parent
RelativesB. Wayne Hughes Jr. (brother)

Biography

Born in 1961,[1] Gustavson is the daughter of B. Wayne Hughes, the founder and chairman of Public Storage, a self-storage company. In 1983, Gustavson graduated from the University of Southern California with a BS degree in public affairs.[5]

Career

Gustavson joined Public Storage in 1983. She worked at the company for twenty years, rising to senior vice president before leaving in 2003.[2][6] She joined the company’s board of trustees in 2008[6] and, as of 2022, was the largest shareholder with an 11% stake.[2] In 2016, with an estimated net worth of $4.9 billion, she established herself as the wealthiest person in the state of Kentucky.[2][7]

In May 2019, she was named as chairwoman of the board of trustees for American Homes 4 Rent.[8] In 2020, she ranked 154 on the Forbes 400 with a net worth of $4.6 billion.[9] In October 2022, Forbes estimated her net worth at $7.3 billion.[2]

Personal life

Gustavson married her husband Eric in 1993.[10] They have two children and live in Lexington, Kentucky.[11] She and her husband own Spendthrift Farm, a Thoroughbred race horse breeding farm in Kentucky[12] that is home to ten Kentucky Derby winners and the Hall of Fame mare Beholder.[2][13]

In May 2022, Gustavson had put her Malibu property on sale for $127.5 million.[1][14]

References
  1. Flemming, Jack (17 May 2022). "Public Storage billionaire wants $127.5 million for her Malibu compound". Los Angeles Times.
  2. "Tamara Gustavson". Forbes. Retrieved 21 February 2022.
  3. Ryanand, Harriet; Hamilton, Matt (8 Sep 2019). "B. Wayne Hughes: big man on campus". LA Times. Retrieved 7 July 2022.
  4. "The Forbes 400 2021: The Richest People in America". Forbes.
  5. "Tamara Gustavson: Self-Storage Heiress". Entrepreneurinformer. Retrieved 14 November 2014.
  6. Staff Writer (1 July 2010). "Board of Trustees Elects Three Members". University of Southern California. Retrieved 11 July 2022.
  7. "Tamara Gustavson & family". Forbes. Retrieved 31 December 2016.
  8. "Tamara Hughes Gustavson to Chair American Homes 4 Rent Board | San Fernando Valley Business Journal". www.sfvbj.com. 9 May 2019. Retrieved 2021-02-12.
  9. "The Forbes 400 2020: The Richest People in America". Forbes. Retrieved 2020-09-09.
  10. "Hughes/Gustavson Nuptials Welcome the New Year In". San Marino Tribune. 17 February 1994.
  11. Tobin, Ben (3 Oct 2019). "How much is Ky.'s richest person worth? Hint: it's in the billions". Louisville Courier Journal. Retrieved 15 July 2022.
  12. Barton, Jean (18 June 2022). "Western Livestock Journal Bluegrass Tour, day three". Red Bluff Daily News. Retrieved 11 July 2022.
  13. Kane, Mike (5 August 2022). "Leading Ladies Inducted Into Hall of Fame". Thoroughbred Daily News. Retrieved 9 August 2022.
  14. Staff (May 24, 2022). "Billionaire Tamara Gustavson Lists Majestic Malibu Promontory Estate for $127.5M | American Luxury". www.amlu.com.
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