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Bradley HughesFounder and director of the company "Public Storage"
Date of Birth: 28.09.1933
Country: USA |
Biography of Brad Hughes
Brad Hughes, the founder and CEO of Public Storage, is a billionaire and the head of one of the largest storage services organizations. His net worth is estimated at over five billion dollars. He was born on September 28, 1933, in Oklahoma. Hughes graduated from the University of Southern California with a Bachelor of Science degree in Arts and Sciences. Currently, he is divorced and has three children.
The Success of Public Storage
When Brad came up with the idea of installing self-storage units along highways, he had no idea how successful his venture would become. Today, his organization owns two thousand branches. Prior to starting his own company, Brad worked as a top manager at Property Research, a real estate transaction firm. It was then that he came up with the idea for storage units.
Brad's Leadership Roles at Public Storage
From 1980 to 1991, Brad served as the president and one of the managing directors of the company. Afterwards, he became the chairman of the board and the sole CEO. He held this position until 2002, when he transitioned to solely being the chairman. Public Storage offers over 1,400 services across 35 countries. Additionally, the company owns 45% of PS Business Parks, a firm that leases commercial and industrial warehouse spaces.
Philanthropy and Love for Horses
Brad Hughes is known for his philanthropic efforts. His foundations regularly provide significant financial support to institutions researching and treating childhood blood cancers. For example, Brad established the Parker Hughes Cancer Center in Minnesota, which focuses on developing specialized medications to combat cancer.
Brad is also an avid horse enthusiast. He has owned thoroughbred racehorses since 1972, and his horses have always been active participants and winners in races. In June 2004, Hughes acquired Spendthrift Farm, a luxurious horse farm spanning 700 acres near Lexington, Kentucky. Brad personally oversees the horses and regularly attends races they participate in.

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