Conrad Prebys

$1.20 B

Ranked #1476 in World

About Conrad Prebys

Conrad Prebys, a notable property developer and philanthropist who passed away in 2016, left an indelible mark on San Diego, California, and his birthplace, South Bend, Indiana. A graduate of Indiana University, Prebys transitioned from co-founding Progress Construction to becoming a significant property owner in San Diego, boasting an estimated net worth of $1 billion and owning 81 properties before his portfolio was sold to the Blackstone Group in 2021. Renowned for his philanthropic efforts, Prebys made substantial contributions across various sectors, including the largest donations in the history of San Diego State University and the Salk Institute for Biological Studies, totaling $20 million and $25 million, respectively. His pivotal $100 million gift to the Sanford-Burnham Medical Research Institute underscored his commitment to advancing biomedical research, higher education, and public broadcasting, impacting numerous organizations and communities.

Born

August 20, 1933 in South Bend, Indiana

Died

April 04, 2024 (aged 90)

Source Of Wealth

Real Estate

Industries

Real Estate

Citizenship

United States

Education

Bachelor of Arts / Science, Indiana University

Conrad Prebys was born on July 2, 1933, in South Bend, Indiana. His early years and childhood were spent in the Midwest, where he developed a strong work ethic and a passion for learning.

Conrad Prebys: Family

Conrad Prebys was a devoted family man. He married his wife, Debbie, in 1965, and they had two children together, Conrad Jr. and Stephanie. Prebys was a loving and supportive husband and father, and he always put his family first.

Conrad Prebys: Career Highlights

Conrad Prebys had a remarkable career in the real estate industry. He co-founded Progress Construction in 1965, and over the years, he grew the company into one of the most successful construction firms in San Diego. In the 1980s, Prebys shifted his focus from construction to property ownership, and he eventually owned 81 properties in the San Diego area. His estimated net worth at the time of his death was $1 billion.

Conrad Prebys: Companies

Conrad Prebys was the founder and owner of Progress Construction, a successful construction company based in San Diego. He also owned and managed a large portfolio of properties in the San Diego area, including apartments, office buildings, and retail centers.

Conrad Prebys: Major Achievements

Conrad Prebys' major achievements include building a successful construction company, amassing a large real estate portfolio, and becoming a prominent philanthropist. He was also a strong supporter of education and the arts, and he made significant contributions to various organizations and institutions.

Conrad Prebys: Awards & Achievements

Conrad Prebys received numerous awards and accolades for his contributions to the community. He was awarded the Horatio Alger Award in 2007, and he was inducted into the San Diego Hall of Champions in 2011. He also received honorary degrees from San Diego State University and Indiana University.

Conrad Prebys: Personal Life & Legacy

Conrad Prebys was a kind and generous man who was deeply committed to his family and community.

He was a strong supporter of education, the arts, and biomedical research, and he made significant contributions to various organizations and institutions. Prebys passed away on July 26, 2016, at the age of 83. He left behind a lasting legacy of philanthropy and community service.

Conrad Prebys: Trivia

Conrad Prebys was a lifelong fan of the Indiana Hoosiers basketball team. He also enjoyed playing golf and spending time with his family.

Wealth History

Timeline

1933

Conrad Prebys is born in South Bend, Indiana.

1955

Prebys graduates with distinction from Indiana University's Kelley School of Business.

1965

Prebys moves to San Diego, California and co-founds Progress Construction.

2015

Prebys is awarded an honorary Doctor of Humane Letters from San Diego State University.

2016

Conrad Prebys passes away at the age of 83.

2021

Blackstone Group purchases Prebys apartment portfolio.

Conrad Prebys : FAQs

What is Conrad Prebys's net worth?

As of 2016, Conrad Prebys's net worth was $1.20 billion.

What are Conrad Prebys's main sources of wealth?

Conrad Prebys's main source of income comes from Real Estate.

In which industry does Conrad Prebys primarily operate?

Conrad Prebys is primarily involved in the Real Estate industry.

What is Conrad Prebys educational background?

Conrad Prebys holds a Bachelor of Arts / Science from Indiana University.

Is Conrad Prebys dead?

Yes, Conrad Prebys died on April 04, 2024 (aged 90).

How many children does Conrad Prebys have?

Conrad Prebys has 1 children.

Who was Conrad Prebys and what was his contribution to San Diego?

Conrad Prebys was a property developer and philanthropist in San Diego, California, known for his significant contributions to various sectors, including biomedical research, higher education, and public broadcasting, through his philanthropy. He also made notable investments in the real estate sector, owning 81 properties in the San Diego area.

What are some of the major donations made by Conrad Prebys?

Conrad Prebys made several major donations, including $20 million to San Diego State University, $25 million to the Salk Institute for Biological Studies, $100 million to the Sanford Burnham Prebys Medical Discovery Institute, and $20 million to Indiana University Kelley School of Business, among others.

How did Conrad Prebys' career evolve over time?

Conrad Prebys began his career co-founding Progress Construction and later became its sole owner. He then shifted focus from construction to property ownership, amassing a portfolio of 81 properties in the San Diego area, leading to an estimated net worth of $1 billion.

What impact did Conrad Prebys have on San Diego's educational institutions?

Conrad Prebys had a profound impact on San Diego's educational institutions, donating $20 million to San Diego State University for scholarships and receiving an honorary Doctor of Humane Letters in 2015, reflecting his significant contributions to higher education in the region.

Who acquired Conrad Prebys's apartment portfolio and when?

The Blackstone Group acquired Conrad Prebys's apartment portfolio in 2021, marking a significant transaction in the San Diego real estate market.