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{{short description|American billionaire}}
{{use mdy dates|date=February 2023}}
{{Infobox person
| name = Tamara Gustavson
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| caption =
| birth_name = Tamara Hughes
| birth_date = {{birth year and age|1961}}
| birth_place =
| death_date =
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| other_names =
| known_for = 11% stake in [[Public Storage]]
| occupation = DirectorBusiness of Public Storageexecutive
| education =
| alma_mater = [[University of Southern California]]
| nationality = American
| spouse = {{marriage|Eric Gustavson|1993}}
| children = 2
| father = [[B. Wayne Hughes]]
| relatives = [[B. Wayne Hughes Jr.]] (brother)
}}
 
'''Tamara Hughes Gustavson''' (born 1961) is an American business executive and billionaire.<ref name="LA Times">{{Cite news |last=Flemming |first=Jack |date=17 May 2022 |title=Public Storage billionaire wants $127.5 million for her Malibu compound |work=[[Los Angeles Times]] |url=https://www.latimes.com/business/real-estate/story/2022-05-17/public-storage-billionaire-wants-127-5-million-for-her-malibu-compound |access-date=October 19, 2022 |archive-date=October 19, 2022 |archive-url=https://web.archive.org/web/20221019221930/https://www.latimes.com/business/real-estate/story/2022-05-17/public-storage-billionaire-wants-127-5-million-for-her-malibu-compound |url-status=live }}</ref><ref name="Forbes">{{Cite web |title=Tamara Gustavson |url=https://www.forbes.com/profile/tamara-gustavson/ |access-date=21 February 2022 |website=Forbes |archive-date=October 26, 2019 |archive-url=https://web.archive.org/web/20191026080826/https://www.forbes.com/profile/tamara-gustavson/ |url-status=live }}</ref> The daughter of [[Public Storage]] co-founder and chairman [[B. Wayne Hughes]],<ref name="LATHughes">{{Cite news |last1=Ryanand |first1=Harriet |last2=Hamilton |first2=Matt |date=8 September 2019 |title=B. Wayne Hughes: big man on campus |newspaper=LA Times |url=https://enewspaper.latimes.com/infinity/article_share.aspx?guid=47a1e93a-7e7b-4101-9365-f2e0d94f6ee2 |access-date=7 July 2022 |archive-date=October 26, 2022 |archive-url=https://web.archive.org/web/20221026045322/https://enewspaper.latimes.com/infinity/article_share.aspx?guid=47a1e93a-7e7b-4101-9365-f2e0d94f6ee2 |url-status=live }}</ref> Gustavson is Public Storage’s largest shareholder, owning 11% of the company.<ref name="Forbes" /> As of August 2022, she ranked #251 on the Forbes 400 with a net worth of $8 billion.<ref name="Forbes400">{{Cite web |title=The Forbes 400 2021: The Richest People in America |url=https://www.forbes.com/profile/tamara-gustavson/?list=forbes-400&sh=6da013dc48bb |website=[[Forbes]] |access-date=October 26, 2022 |archive-date=October 26, 2022 |archive-url=https://web.archive.org/web/20221026045322/https://www.forbes.com/profile/tamara-gustavson/?list=forbes-400&sh=6da013dc48bb |url-status=live }}</ref>
'''Tamara Hughes Gustavson''' is an American billionaire.<ref name="LA Times">{{cite news |last1=Flemming |first1=Jack |title=Public Storage billionaire wants $127.5 million for her Malibu compound |url=https://www.latimes.com/business/real-estate/story/2022-05-17/public-storage-billionaire-wants-127-5-million-for-her-malibu-compound |work=[[Los Angeles Times]] |date=17 May 2022}}</ref>
 
==Early life and education==
==Biography==
Gustavson was born in 1961 to [[B. Wayne Hughes]] and Marjorie McKechnie.<ref name="LA Times" /><ref name="LATHughes" /> She has one older brother, [[B. Wayne Hughes Jr.]]<ref name="LATHughes" /> She graduated from [[San Marino High School]] in 1979.<ref name= SanMarinoTribune>{{cite news |title=Hughes/Gustavson Nuptials Welcome the New Year In |publisher=San Marino Tribune |date=17 February 1994}}</ref><ref>{{Cite web |title=San Marino High School |url=https://old-friends.co/school.php?s=17092 |url-status=live |archive-url=https://web.archive.org/web/20230309021714/https://old-friends.co/school.php?s=17092 |archive-date=2023-03-09 |access-date=2 March 2023 |website=Old-Friends.com}}</ref> Gustavson attended the [[University of Southern California]], and was a member of the [[Pi Beta Phi]] sorority.<ref name="USC">{{Cite news |last=Staff Writer |date=1 July 2010 |title=Board of Trustees Elects Three Members |publisher=University of Southern California |url=https://news.usc.edu/28417/Board-of-Trustees-Elects-Three-Members/ |access-date=11 July 2022 |archive-date=October 26, 2022 |archive-url=https://web.archive.org/web/20221026045328/https://news.usc.edu/28417/Board-of-Trustees-Elects-Three-Members/ |url-status=live }}</ref> She graduated in 1983 with a [[Bachelor of Science]] in [[public policy|public affairs]].<ref name="USC" />
Gustavson is the daughter of [[B. Wayne Hughes]], the founder and chairman of [[Public Storage]], a self-storage company. In 1983, Gustavson graduated from the [[University of Southern California]] with a BS degree in public affairs.<ref name=Entrepreneurinformer>{{cite web|title=Tamara Gustavson: Self-Storage Heiress|url=http://www.entrepreneurinformer.com/2014/08/13/tamara-gustavson-self-storage-heiress/|website=Entrepreneurinformer|access-date=14 November 2014}}</ref>
 
==Career==
SinceGustavson 2008joined Public Storage in 1983. She worked at the company for twenty years, Gustavsonrising hasto beensenior avice boardpresident directorbefore ofleaving Publicin Storage2003.<ref name=Entrepreneurinformer"Forbes"/><ref name="USC"/> She isjoined the company’s board of trustees in 2008<ref name="USC" /> and, as of 2022, was the largest shareholder with an 11% ofstake.<ref thename="Forbes" company/> and, inIn 2016, with an estimated net worth of $4.9 billion, she established herself as the wealthiest person in the state of Kentucky.<ref name="Forbes"/><ref name="Forbes net worth">{{citeCite web |title=Tamara Gustavson & family |url=https://www.forbes.com/profile/tamara-gustavson/|website=Forbes |access-date=2131 FebruaryDecember 2022}}</ref><ref2016 name|website="Forbes net worth">{{cite web|titlearchive-date=TamaraOctober Gustavson26, &2019 family|archive-url=https://web.archive.org/web/20191026080826/https://www.forbes.com/profile/tamara-gustavson/ |work=Forbes|accessurl-datestatus=31live December 2016}}</ref>
 
Gustavson was on the board of directors of the USC-CHLA Institute for Pediatric Clinical Research from 2004 to 2008, and has served as Director of the William Lawrence & Blanche Hughes Foundation.<ref name=Forbes /><ref name= USC />
In May 2019, she was named as chairwoman of the board of trustees for [[American Homes 4 Rent]].<ref>{{Cite web|title=Tamara Hughes Gustavson to Chair American Homes 4 Rent Board {{!}} San Fernando Valley Business Journal|url=https://www.sfvbj.com/news/2019/may/09/tamara-hughes-gustavson-chair-american-homes-4-ren/|access-date=2021-02-12|website=www.sfvbj.com}}</ref> In 2020, she ranked 154 on the Forbes 400 with a net worth of $4.6 billion.<ref>{{Cite web|title=The Forbes 400 2020: The Richest People in America|url=https://www.forbes.com/forbes-400/|access-date=2020-09-09|website=Forbes}}</ref> In October 2022, [[Forbes]] estimated her net worth at $7.3 billion.<ref name=Forbes />
 
In May 20192016, sheGustavson was named as chairwoman ofjoined the board of trustees for [[American Homes 4 Rent]], a publicly traded [[Reit| REIT]] specializing in single-family rental homes founded by B. Wayne Hughes.<ref name="Forbes" /><ref name="SFVBJ">{{Cite web |date=9 May 2019 |title=Tamara Hughes Gustavson to Chair American Homes 4 Rent Board {{!}} San Fernando Valley Business Journal |url=https://www.sfvbj.com/news/2019/may/09/tamara-hughes-gustavson-chair-american-homes-4-ren/ |url-status=live |archive-url=https://web.archive.org/web/20210423023904/http://www.sfvbj.com/news/2019/may/09/tamara-hughes-gustavson-chair-american-homes-4-ren/ |archive-date=April 23, 2021 |access-date=2021-02-12 |website=www.sfvbj.com}}</ref> She became chairwoman of its board in May 2019.<ref name="SFVBJ" /> In 2020, she ranked 154 on the Forbes 400 with a net worth of $4.6 billion.<ref>{{Cite web |title=The Forbes 400 2020: The Richest People in America |url=https://www.forbes.com/forbes-400/ |access-date=2020-09-09 |website=Forbes |archive-date=September 19, 2018 |archive-url=https://web.archive.org/web/20180919212115/https://www.forbes.com/forbes-400/list/ |url-status=live }}</ref> In October 2022, [[Forbes]] estimated her net worth at $7.3 billion.<ref name="Forbes" />
In May 2022, Gustavson had put her Malibu property on sale for $127.5 million.<ref name="LA Times" /><ref>{{cite news |last1=Staff |title=Billionaire Tamara Gustavson Lists Majestic Malibu Promontory Estate for $127.5M {{!}} American Luxury |url=https://www.amlu.com/2022/05/24/billionaire-tamara-gustavson-lists-majestic-malibu-promontory-estate-for-127-5m/ |work=www.amlu.com |date=May 24, 2022}}</ref>
 
==Personal life==
Gustavson married her husband Eric in 1993.<ref name="SanMarinoTribune" /> They have two children and live in [[Lexington, Kentucky]].<ref name="CourierJournal">{{Cite news |last=Tobin |first=Ben |date=3 Oct 2019 |title=How much is Ky.'s richest person worth? Hint: it's in the billions |publisher=Louisville Courier Journal |url=https://www.courier-journal.com/story/money/2019/10/02/richest-person-kentucky-has-net-worth-5-7-billion/3845291002/ |access-date=15 July 2022 |archive-date=February 25, 2023 |archive-url=https://web.archive.org/web/20230225224903/https://www.courier-journal.com/story/money/2019/10/02/richest-person-kentucky-has-net-worth-5-7-billion/3845291002/ |url-status=live }}</ref> She and her husband own [[Spendthrift Farm]], a [[Thoroughbred]] race horse breeding farm in [[Kentucky]]<ref name="RedBluff">{{Cite news |last=Barton |first=Jean |date=18 June 2022 |title=Western Livestock Journal Bluegrass Tour, day three |publisher=Red Bluff Daily News |url=https://www.redbluffdailynews.com/2022/06/17/western-livestock-journal-bluegrass-tour-day-three |access-date=11 July 2022 |archive-date=October 26, 2022 |archive-url=https://web.archive.org/web/20221026045329/https://www.redbluffdailynews.com/2022/06/17/western-livestock-journal-bluegrass-tour-day-three/ |url-status=live }}</ref> that is home to ten Kentucky Derby winners and the Hall of Fame mare Beholder.<ref name="Forbes" /><ref name="TBDN">{{Cite news |last=Kane |first=Mike |date=5 August 2022 |title=Leading Ladies Inducted Into Hall of Fame |publisher=Thoroughbred Daily News |url=https://www.thoroughbreddailynews.com/leading-ladies-inducted-into-hall-of-fame/ |access-date=9 August 2022 |archive-date=October 26, 2022 |archive-url=https://web.archive.org/web/20221026050824/https://www.thoroughbreddailynews.com/leading-ladies-inducted-into-hall-of-fame/ |url-status=live }}</ref>
 
In May 2022, Gustavson had put her Malibu property on sale for $127.5 million.<ref name="LA Times" /><ref>{{Cite news |last=Staff |date=May 24, 2022 |title=Billionaire Tamara Gustavson Lists Majestic Malibu Promontory Estate for $127.5M {{!}} American Luxury |work=www.amlu.com |url=https://www.amlu.com/2022/05/24/billionaire-tamara-gustavson-lists-majestic-malibu-promontory-estate-for-127-5m/ |access-date=October 19, 2022 |archive-date=October 19, 2022 |archive-url=https://web.archive.org/web/20221019222433/https://www.amlu.com/2022/05/24/billionaire-tamara-gustavson-lists-majestic-malibu-promontory-estate-for-127-5m/ |url-status=live }}</ref> In October 2022, American businessman [[Byron Allen]] bought the property for $100 million.<ref>{{Cite web |last=Brown |first=Evan Nicole |date=2022-10-12 |title=Billionaire Byron Allen Makes History With Most Expensive Home Purchase by an African American in the U.S. |url=https://www.hollywoodreporter.com/lifestyle/real-estate/byron-allen-makes-history-expensive-home-purchase-1235239625/ |access-date=2023-03-07 |website=The Hollywood Reporter |language=en-US}}</ref><ref>{{Cite news |last=Clarke |first=Katherine |title=Malibu Mansion Sells for $100 Million to Billionaire Media Mogul |url=https://www.wsj.com/articles/malibu-mansion-sells-for-100-million-to-billionaire-media-mogul-11665360940 |access-date=2023-03-07 |newspaper=Wall Street Journal |date=October 10, 2022 |language=en-US}}</ref>
 
==References==
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[[Category:1961 births]]
[[Category:YearDate of birth missing (living people)]]
[[Category:American billionaires]]
[[Category:Female billionaires]]
[[Category:Living people]]
[[Category:Year of birth missing (living people)]]
[[Category:University of Southern California alumni]]
 
 
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