Tamara Gustavson

$8.14 B

Ranked #426 in World

About Tamara Gustavson

As of August 2022, Tamara Hughes Gustavson, American billionaire and Public Storage magnate, holds a formidable 11% stake in the company her father co-founded, ranking #251 on Forbes with an $8 billion net worth. A USC alumnus and Pi Beta Phi member, Gustavson joined Public Storage in 1983, rising to SVP before her board tenure starting in 2008. Also, director of the William Lawrence & Blanche Hughes Foundation and American Homes 4 Rent, her financier acumen solidified her as Kentucky's wealthiest person. Moreover, thoroughbred racing is part of her life, owning Spendthrift Farm, revered within the equine industry.

Born

November 16, 1961

Age

64 years

Source Of Wealth

Self Storage

Industries

Service

Citizenship

United States

Residence

Lexington, Kentucky

Education

Bachelor of Arts/Science, University of Southern California

Children

Parent

B. Wayne Hughes (father)

Tamara Hughes Gustavson, an American business executive and billionaire, was born in 1961 to B. Wayne Hughes and Marjorie McKechnie. Growing up in a prominent family, she attended San Marino High School and graduated in 1979. She then pursued higher education at the University of Southern California, where she became a member of the Pi Beta Phi sorority and earned a Bachelor of Science in public affairs in 1983.

Tamara Gustavson: Family

Tamara Hughes Gustavson is the daughter of Public Storage co-founder and chairman B. Wayne Hughes. She is the largest shareholder of Public Storage, owning 11% of the company. Her husband, Eric, and their two children reside in Lexington, Kentucky.

Tamara Gustavson: Career Highlights

Tamara Hughes Gustavson joined Public Storage in 1983, following her graduation from the University of Southern California. Over the course of two decades, she rose through the ranks and became a senior vice president. In 2003, she left Public Storage but rejoined the company's board of trustees in 2008. As of 2022, she remains the largest shareholder with an 11% stake.

In addition to her involvement with Public Storage, Tamara Hughes Gustavson has held various leadership positions. She served on the board of directors of the USC-CHLA Institute for Pediatric Clinical Research from 2004 to 2008. She is also the director of the William Lawrence & Blanche Hughes Foundation. Furthermore, she joined the board of American Homes 4 Rent in 2016 and became its chairwoman in May 2019.

Tamara Gustavson: Companies

Tamara Hughes Gustavson has been associated with several notable companies throughout her career. She is primarily known for her involvement with Public Storage, where she served as a senior vice president and currently holds the position of the largest shareholder. Additionally, she has been involved with the USC-CHLA Institute for Pediatric Clinical Research, the William Lawrence & Blanche Hughes Foundation, and American Homes 4 Rent, where she serves as the chairwoman.

Tamara Gustavson: Major Achievements

Tamara Hughes Gustavson's major achievements include her successful career in the business world and her significant contributions to various organizations.

She has played a pivotal role in the growth and success of Public Storage, contributing to its position as a leading provider of self-storage solutions. Her leadership and expertise have been recognized and appreciated within the industry.

Tamara Gustavson: Awards & Achievements

Tamara Hughes Gustavson's accomplishments have been widely recognized and celebrated. She has been consistently ranked on the Forbes 400 list of wealthiest Americans. In 2020, she was ranked 154th with a net worth of $4.6 billion. As of October 2022, Forbes estimated her net worth to be $7.3 billion, solidifying her position as one of the wealthiest individuals in the United States.

Tamara Gustavson: Personal Life & Legacy

Tamara Hughes Gustavson leads a private personal life alongside her successful career. She is married to her husband, Eric, and they have two children. The family resides in Lexington, Kentucky. Notably, Tamara Hughes Gustavson owns Spendthrift Farm, a renowned Thoroughbred race horse breeding farm in Kentucky. The farm has produced ten Kentucky Derby winners and is home to the Hall of Fame mare Beholder. In May 2022, she listed her Malibu property for sale at $127.5 million, which was later purchased by American businessman Byron Allen for $100 million in October 2022.

Tamara Gustavson: Trivia

Here are some interesting facts about Tamara Hughes Gustavson:

She is the wealthiest person in Kentucky, with an estimated net worth of $8 billion as of August 2022.
Tamara Hughes Gustavson is a philanthropist and has made significant contributions to various charitable organizations.
She is passionate about horse racing and owns Spendthrift Farm, a prominent Thoroughbred breeding operation.
Tamara Hughes Gustavson is known for her business acumen and leadership skills, which have contributed to her success in the corporate world.

Wealth History

Timeline

1961

Tamara Hughes Gustavson was born to B. Wayne Hughes and Marjorie McKechnie.

1979

Tamara Hughes Gustavson graduated from San Marino High School.

1983

Tamara Hughes Gustavson graduated from the University of Southern California with a Bachelor of Science in public affairs.

1983

Tamara Hughes Gustavson joined Public Storage and worked for twenty years, rising to senior vice president.

2003

Tamara Hughes Gustavson left Public Storage.

2004

Tamara Hughes Gustavson served on the board of directors of the USC-CHLA Institute for Pediatric Clinical Research.

2008

Tamara Hughes Gustavson joined the board of trustees of Public Storage.

2016

Tamara Hughes Gustavson established herself as the wealthiest person in Kentucky with an estimated net worth of $4.9 billion.

2016

Tamara Hughes Gustavson joined the board of American Homes 4 Rent.

2019

Tamara Hughes Gustavson became chairwoman of American Homes 4 Rent.

2020

Tamara Hughes Gustavson was ranked 154 on the Forbes 400 with a net worth of $4.6 billion.

May 2022

Tamara Hughes Gustavson put her Malibu property on sale for $127.5 million.

October 2022

American businessman Byron Allen bought Tamara Hughes Gustavson's Malibu property for $100 million.

Tamara Gustavson : FAQs

What is Tamara Gustavson's current net worth?

Tamara Gustavson's current net worth is $8.14 billion.

What is Tamara Gustavson's current global rank among billionaires?

Tamara Gustavson holds the 426th position globally among billionaires.

What is Tamara Gustavson's current ranking within the United States?

Tamara Gustavson holds the 166th position in United States.

What was the change in Tamara Gustavson's net worth compared to the previous year?

Tamara Gustavson's net worth increased by 285.65 million dollars compared to the previous year 2025, when her net worth was 7.85 billion dollars.

What are Tamara Gustavson's main sources of wealth?

Tamara Gustavson's main source of income comes from Self Storage.

In which industry does Tamara Gustavson primarily operate?

Tamara Gustavson is primarily involved in the Service industry.

What is Tamara Gustavson educational background?

Tamara Gustavson holds a Bachelor of Arts/Science from the University of Southern California.

How old is Tamara Gustavson?

Tamara Gustavson is 64 years old.

How many children does Tamara Gustavson have?

Tamara Gustavson has 2 children.

Who is Tamara Hughes Gustavson and what is her role in Public Storage?

Tamara Hughes Gustavson is an American business executive and billionaire who is the daughter of Public Storage co-founder B. Wayne Hughes. She is Public Storage's largest shareholder, owning 11% of the company.

What are some key milestones in Tamara Hughes Gustavson's career?

Tamara Hughes Gustavson joined Public Storage in 1983 and worked there for twenty years, rising to the position of senior vice president. She left in 2003 and joined the company's board of trustees in 2008. Gustavson established herself as the wealthiest person in Kentucky in 2016, served on numerous boards, became chairwoman of American Homes 4 Rent in 2019, and was ranked 154 on the Forbes 400 in 2020.

What is known about Tamara Hughes Gustavson's personal life?

Tamara Hughes Gustavson is married to Eric, with whom she has two children. The family lives in Lexington, Kentucky. She owns Spendthrift Farm, a prominent Thoroughbred racehorse breeding farm. In May 2022, she put her Malibu property on sale, which was later purchased by American businessman Byron Allen.