Bradley Wayne Hughes
Encyclopedia
Bradley Wayne Hughes is the founder and chairman of Public Storage
, the largest self-storage company in America. As of 2010, Hughes is worth $3.9 billion. Known all his life by his middle name, B. Wayne Hughes was the company's President and Co-Chief Executive Officer from 1980 until November 1991 when he became Chairman of the Board and sole Chief Executive Officer. He retired as Chief Executive Officer in November 2002 and remains Chairman of the Board. He was Chairman of the Board and Chief Executive Officer from 1990 until March 1998 of Public Storage Properties XI, Inc., which was renamed PS Business Parks
, Inc. ("PSB"), an affiliated REIT. From 1989-90 until the respective dates of merger, he was Chairman of the Board and Chief Executive Officer of 18 affiliated REITs that were merged into the Company between September 1994 and May 1998 (collectively, the "Merged Public Storage REITs"). B. Wayne Hughes has been active in the real estate investment field for over 30 years.
that undertakes the research to develop drugs and treatment for children's leukemia
and cancer
.
The Parker Hughes Cancer Center declared Chapter 11 bankruptcy in January, 2007. The founder, Fatih Uckun, lost his license to practice medicine in Minnesota in January, 2006. After denying any wrongdoing and an arduous legal battle, Dr. Uckun regained his medical license but is required to practice under restrictions for up to three years.
Hughes is the largest donor to American Crossroads
, a conservative political organization started by Karl Rove
. As of 2010, Hughes has contributed $1.55 million to the organization.
racehorses
since 1972, his colt Action This Day
won the 2003 Breeders' Cup Juvenile
and was voted the Eclipse Award for Outstanding 2-Year-Old Male Horse
. In June 2004 he acquired the historic 700 acres (2.8 km²) Spendthrift Farm
near Lexington, Kentucky
.
Public Storage
Public Storage , a real estate investment trust , is one of the largest self-storage companies in the United States with headquarters in Glendale, CA.Public Storage built its first self-storage facility in 1972...
, the largest self-storage company in America. As of 2010, Hughes is worth $3.9 billion. Known all his life by his middle name, B. Wayne Hughes was the company's President and Co-Chief Executive Officer from 1980 until November 1991 when he became Chairman of the Board and sole Chief Executive Officer. He retired as Chief Executive Officer in November 2002 and remains Chairman of the Board. He was Chairman of the Board and Chief Executive Officer from 1990 until March 1998 of Public Storage Properties XI, Inc., which was renamed PS Business Parks
PS Business Parks
PS Business Parks, Inc. is a publicly traded full service real estate company with expertise in leasing, property management, acquisition and development. PS Business Parks is a member of the S&P SmallCap 600 and is a self-advised and self-managed equity real estate investment trust...
, Inc. ("PSB"), an affiliated REIT. From 1989-90 until the respective dates of merger, he was Chairman of the Board and Chief Executive Officer of 18 affiliated REITs that were merged into the Company between September 1994 and May 1998 (collectively, the "Merged Public Storage REITs"). B. Wayne Hughes has been active in the real estate investment field for over 30 years.
Philanthropy
Hughes created and funds the Parker Hughes Cancer Center in MinnesotaMinnesota
Minnesota is a U.S. state located in the Midwestern United States. The twelfth largest state of the U.S., it is the twenty-first most populous, with 5.3 million residents. Minnesota was carved out of the eastern half of the Minnesota Territory and admitted to the Union as the thirty-second state...
that undertakes the research to develop drugs and treatment for children's leukemia
Leukemia
Leukemia or leukaemia is a type of cancer of the blood or bone marrow characterized by an abnormal increase of immature white blood cells called "blasts". Leukemia is a broad term covering a spectrum of diseases...
and cancer
Cancer
Cancer , known medically as a malignant neoplasm, is a large group of different diseases, all involving unregulated cell growth. In cancer, cells divide and grow uncontrollably, forming malignant tumors, and invade nearby parts of the body. The cancer may also spread to more distant parts of the...
.
The Parker Hughes Cancer Center declared Chapter 11 bankruptcy in January, 2007. The founder, Fatih Uckun, lost his license to practice medicine in Minnesota in January, 2006. After denying any wrongdoing and an arduous legal battle, Dr. Uckun regained his medical license but is required to practice under restrictions for up to three years.
Hughes is the largest donor to American Crossroads
American Crossroads
American Crossroads is a 527 organization that has raised and spent tens of millions of dollars to defend and elect Republican candidates to federal office, and was very active in the 2010 U.S. midterm elections. Its president is Steven J. Law, a former United States Deputy Secretary of Labor for...
, a conservative political organization started by Karl Rove
Karl Rove
Karl Christian Rove was Senior Advisor and Deputy Chief of Staff to former President George W. Bush until Rove's resignation on August 31, 2007. He has headed the Office of Political Affairs, the Office of Public Liaison, and the White House Office of Strategic Initiatives...
. As of 2010, Hughes has contributed $1.55 million to the organization.
Thoroughbred horse racing
An owner of thoroughbredThoroughbred
The Thoroughbred is a horse breed best known for its use in horse racing. Although the word thoroughbred is sometimes used to refer to any breed of purebred horse, it technically refers only to the Thoroughbred breed...
racehorses
Horse racing
Horse racing is an equestrian sport that has a long history. Archaeological records indicate that horse racing occurred in ancient Babylon, Syria, and Egypt. Both chariot and mounted horse racing were events in the ancient Greek Olympics by 648 BC...
since 1972, his colt Action This Day
Action This Day (horse)
Action This Day is a retired American Thoroughbred racehorse.In 2003, he won the Breeders' Cup Juvenile and was voted the U.S. Eclipse Award for Outstanding 2-Year-Old Male Horse....
won the 2003 Breeders' Cup Juvenile
Breeders' Cup Juvenile
The Breeders' Cup Juvenile is a Thoroughbred horse race for 2-year-old colts and geldings raced on dirt. It is held annually at a different racetrack in the United States or Canada as part of the Breeders' Cup World Championships....
and was voted the Eclipse Award for Outstanding 2-Year-Old Male Horse
Eclipse Award for Outstanding 2-Year-Old Male Horse
The American Champion Two-Year-Old Male Horse is an American Thoroughbred horse racing honor awarded annually in Thoroughbred flat racing. It became part of the Eclipse Awards program in 1971....
. In June 2004 he acquired the historic 700 acres (2.8 km²) Spendthrift Farm
Spendthrift Farm
Spendthrift Farm is a thoroughbred race horse breeding farm in Lexington, Kentucky. It was founded by Leslie Combs II and named for the great stallion, Spendthrift, who was owned by Combs' ancestor, Daniel Swigert of Elmendorf Farm. Spendthrift was the great-grandfather of Man o' War.- Famous...
near Lexington, Kentucky
Lexington, Kentucky
Lexington is the second-largest city in Kentucky and the 63rd largest in the US. Known as the "Thoroughbred City" and the "Horse Capital of the World", it is located in the heart of Kentucky's Bluegrass region...
.