NET WORTH: $1.79 billion, up 19 percent

LAST YEAR: $1.51 billion

AGE: 54

RESIDENCE: Malibu

SOURCE OF WEALTH: Inheritance, real estate

THE MONEY: Second-largest shareholder in self-storage giant Public Storage Co. behind sister Tamara Hughes Gustavson. Number of shares held rose 4 percent over past year; share price rose 13 percent. Retail real estate portfolio he founded has steadily grown.

BUZZ: Transfer of shares in Public Storage from 81-year-old father continued over past year, giving Hughes just over one-third number of shares as sister. Spent early career in executive positions at Public Storage. In 2005, formed real estate investment vehicle American Commercial Equities Management, which has accumulated more than 80 retail and mixed-use properties in Southern and Central California and Honolulu. Owns half of ACEM with sister. Deeply committed to conservative and evangelical Christian causes. Started Urban Ministry Institute in 2011 after meeting with former President Nixon aide and Watergate conspirator Charles Colson. Founded Serving California, nonprofit facilitates healing for military families, crime victims and inmates; uses his Sky Rose Ranch in San Miguel to help veterans recover from wounds and trauma. Formed unusual alliance with liberal groups backing successful Proposition 47 ballot measure in November to soften three-strikes sentencing law; contributed more than $1 million to measure and starred in television ad. Set up Cantinas Ranch Foundation to promote arts and education in Christian context; Cantinas Entertainment backing faith-based film “Hillsong – Let Hope Rise,” set for release in May. Owns 7,500-square-foot home in Malibu and home on Lake Nacimiento in San Luis Obispo County in addition to Sky Rose Ranch.