NET WORTH:

$1.46 billion 14%

LAST YEAR: $1.28 billion

AGE: 52

RESIDENCE: Malibu

SOURCE OF WEALTH: Inheritance

THE MONEY: Second-largest shareholder in self-storage giant Public Storage Co. behind sister Tamara Gustavson. Has seen net worth balloon in recent years as father, B. Wayne Hughes, has transferred shares. Personal real estate investment portfolio has grown in last couple years.

BUZZ: Transfer of shares in Public Storage from 79-year-old father mostly complete; Hughes ending up with 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 LLC, which has accumulated more than 80 retail and mixed-use properties in Southern California and Hawaii. Owns half of ACE with Gustavson. Deeply committed to conservative and evangelical Christian causes. Member of board of American Action Network. Gave $100,000 to committee in support of last year’s failed ballot measure to restrict political fundraising by unions. Also board member of online Prager University of Herndon, Va., which teaches students “freedom, personal responsibility and capitalism.” One of founders of Oaks Christian Middle School in Westlake Village-Thousand Oaks. Started Urban Ministry Institute in 2011 after meeting with former President Nixon aide and Watergate conspirator Charles Colson. Has set up Cantinas Foundation to promote arts and education in Christian context; plans to open Christian youth camp next year on land next to his ranch in San Luis Obispo County. Owns 7,480-square-foot house in Malibu, just north of Malibu Pier; sold two smaller Malibu properties last year.