Bloomberg Billionaires Index

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# 226 Tammy Gustavson $9.07B

Random fact: Father started company with single building.

Overview

Gustavson is the largest individual shareholder of Public Storage, a self-storage operator with more than 170 million square feet of rentable real estate. She owns 10% of the Glendale, California-based business, which operates in the US and Europe, and was co-founded by her father B. Wayne Hughes in 1972.

As of :
Last change +$105M ( +1.2%)
YTD change -$384M ( -4.1%)
Biggest asset PSA US Equity
Country / Region United States
Age 61
Industry Services
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Tammy Gustavson's net worth of $9.07B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

0%
of the GDP of the United States
0%
of the total wealth of the 500 richest people in the world
0%
of the top 100 U.S. college endowments
0%
of the top 200 U.S. executives’ total awarded compensation
0%
of U.S. existing home sales
0
times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

Gustavson is credited with about 10% of Glendale, California-based Public Storage, a publicly traded self-storage company that has more than 170 million net rentable square feet of real estate, according to its website.

She owns a 6% stake in American Homes 4 Rent directly, according to the 2022 proxy statement.

Gustavson owns 66 self-storage facilities in Canada, according to the 2022 proxy statement by Public Storage. They're valued at about $9 million each, based on the average market price of Public Storage's warehouse purchases between 2015 and 2019, according to the company's 2020 annual report.

The value of her cash investments is based on an analysis of share sales, dividends, taxes and market performance.

Megan Grabos, a spokesperson for American Homes 4 Rent, didn't respond to a request for comment on the net worth calculation.

Biography

Birthdate: 1961
Family: Married, 2 children
Education: University of Southern California

Tamara Hughes Gustavson is the daughter of B. Wayne Hughes, who co-founded self-storage operator Public Storage with one location in 1972. She worked at Public Storage from 1978 until 2003, and returned to sit on the company's board in November 2008.

Her father stepped down as chairman of the firm in 2011 and retired from the board to become chairman emeritus in 2012. He transferred the majority of his Public Storage shares to his two children, Bradley and Tamara, making Tamara its biggest shareholder.

Milestones
  • 1933 Father B. Wayne Hughes is born in Gotebo, Oklahoma.
  • 1972 Public Storage is founded.
  • 1983 Graduates from the University of Southern California in public affairs.
  • 2004 Father buys historic Spendthrift Farm horse-breeding facility.
  • 2008 Appointed to the Public Storage Board of Trustees.
  • 2010 Becomes member of the University of Southern California Board of Trustees.
  • 2011 Father steps down as chairman of Public Storage.
  • 2013 American Homes 4 Rent completes its initial public offering.