THE MONEY: Largest stakeholder in self-storage giant Public Storage Co., with 11 percent of shares; benefited slightly as shares rose 4 percent. Value of retail real estate investment also increased as did value of Malibu properties.
BUZZ: Transfer of shares in Public Storage from father, 80-year-old company founder B. Wayne Hughes, to Gustavson and brother B. Wayne Hughes Jr. mostly complete. Continues to keep very low profile, rarely appearing in public. Spent most of adult life in various management positions at Public Storage, rising to senior vice president of administration before leaving to focus on other endeavors. Focused recently on running American Commercial Equities Management, private real estate investment firm started by brother. ACEM portfolio, estimated at more than $650 million, includes more than 80 retail and mixed-use properties in Central and Southern California as well as Honolulu. Elected to USC board of trustees in 2010; earned bachelor of science in public affairs from school in 1983. Close friend of USC President Max Nikias. She and husband, Eric, have two children and live in Escondido Beach section of Malibu. Gustavsons involved in HollyRod Foundation, helping people with autism and Parkinson’s disease. Also on board of USC-Children’s Hospital of Los Angeles Institute for Pediatric Clinical Research.
$3.67 billion s3.2%
LAST YEAR: $3.56 billion
SOURCE OF WEALTH: Inheritance, real estate
For reprint and licensing requests for this article, CLICK HERE.
Stories You May Also Be Interested In
- Wealthiest Angelenos: 9. TAMARA HUGHES GUSTAVSON
- The 50 Wealthiest Angelenos: Tamara Hughes Gustavson
- 50 Wealthiest: Tamara Hughes Gustavson #13
- Wealthiest Angelenos: 13, Tamara Hughes Gustavson
- Wealthiest Angelenos: 8, Tamara Hughes Gustavson
- 14. Tamara Hughes Gustavson
- 8. Tamara Hughes Gustavson
- Tamara Hughes Gustavson