Tamara Gustavson Net Worth
- Bradley Hughes
- Byron Allen
- Kenny Troutt
- D. Wayne Lukas
- Taylor Swift
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- Megan Fox
- Leonardo DiCaprio
- Denzel Washington
- Jennifer Aniston
- Beyoncé Knowles
- Jennifer Lopez
- George Clooney
- Diddy
- Kim Kardashian
- Cristiano Ronaldo
- What Is Tamara Gustavson’s Net Worth?
- Biography
- Spendthrift Farm
- Personal Life
- Malibu Mansion
What is Tamara Gustavson’s Net Worth?
Tamara Gustavson is an American businesswoman who has a net worth of $10 billion. Tamara Hughes Gustavson earned her fortune by inheriting the self storage Public Storage empire from her father B. Wayne Hughes , who founded the company. Tamara worked for Public Storage from 1978 until 2003, returning in 2008 as a member of the company’s board of directors.
Biography
Tamara “Tammy” Hughes Gustavson in 1961. She is one of two children born from B. Wayne Hughes’ first marriage to Marjorie McKechnie. Tammy also had a half brother named Patrick who was born in 1990 to her father’s second wife. Tragically, Patrick died in 1998 of childhood leukemia. In 1983 Tammy graduated from the University of Southern California with a degree in public affairs.
B. Wayne Hughes started Public Storage in 1972 only one storage locker. Today Public Storage is America’s largest chain of storage facilities, with more than 2,400 locations worldwide. Public Storage is a public company, trading on the New York Stock Exchange under the ticker symbol PSA. As of this writing, PSA has a market cap north of $50 billion.
Upon her father’s death, Tammy and Bradley Jr. inherited their father’s estate but Tammy was given largest individual stake in Public Storage. As of this writing she owns 10% of the company’s outstanding equity. She and her brother, B. Wayne Hughes Jr., serve on the board of Public Storage. Aside from Public Storage, Tammy personally owns 66 storage facilities in Canada and 6% of a company called American Homes 4 Rent, a real estate investment trust co-founded by her father that went public in 2013.
She is also a member of the Board of the USC-CHLA Institute for Pediatric Clinical Research.
Spendthrift Farm
In 2004, Tammy’s father bought an historic Lexington, Kentucky horse breeding farm called Spendthrift Farm. Their thoroughbred champion Authentic (born May 5, 2017) won the 2020 Kentucky Derby. Thanks to Authentic $70,000 stud fee, Spendthrift was the highest-earning North American thoroughbred facility. In 2017 their horse Cloud Computing won the Preakness.
Personal Life
Tamara is married to Eric Gustavson. They have two children.
Upon B. Wayne’s death in 2021, Tammy and Eric became the primary owners of Spendthrift Farm. Eric is the public face of Spendthrift and sits on the board of directors of the Breeders’ Cup.
Malibu Mansion
In 2003, B. Wayne Hughes paid $20 million for a 3.6-acre estate in Malibu, California. Set atop a cliff overlooking the Pacific Ocean, the Hughes property features an 11,000 square-foot primary mansion that has 8 bedrooms and 12 bathrooms. Their are two guest houses, a home for full-time staff, a tennis court and a direct path to the beach.
Directly next door is a two-parcel compound owned by Whatsapp founder Jan Koum . Jan bought his first Malibu property in August 2019 for $100 million from entertainment mogul Ron Meyer . In February 2021 Jan paid $87 million for the home right next door. The seller in this case was reality star/entrepreneur Sanela Diana Jenkins .
Upon B. Wayne’s death in August 2021, Eric and Tammy inherited the home. In May 2022 they listed it for sale for $127.5 million. In October 2022 television mogul Byron Allen bought the home for $100 million.
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Two Years After Paying $100 Million For A Malibu Mansion, WhatsApp Founder Buys The House Next Door For $87 Million
ByBrian Warneron February 17, 2021inArticles›Celebrity Homes
Jan Koum is the co-founder of WhatsApp. He was born in Kyiv, Ukraine in 1976. Growing up, his family was dirt poor. Their home did not have heat or hot water. When he was a teenager, Jan and his mother fled to the United States as antisemitism was becoming very dangerous in Ukraine. Jan and his mother settled into a two-bedroom apartment in Mountain View, California. His mother worked as a baby sitter. Jan swept the floors at their local grocery. To make ends meet, the family relied on welfare food stamps that were handed out from a drab office complex not far from their apartment.
On February 19, 2014, Jan returned to that same exact drab office complex – which still housed the welfare office! In one hand he had a contract. In the other a pen. He held the contract up to the door of the welfare office as he signed his name. With that pen stroke, Jan sold the company he co-founded – WhattsApp – to Facebook for $14 billion in cash and stock.
I’m not exaggerating, he really did that at that welfare office.
Jan spent a few years toiling away at Facebook, earning a couple billion extra in bonuses, stock appreciation and earnouts. He left in 2018 over concerns about how Facebook’s upper management (namely, Mark Zuckerberg ) was implementing invasive privacy and ad changes to their beloved messaging platform. When Jan quit, he left $500 million in unvested options on the table. He could have had those options if he stuck around another year. It was actually more like a billion dollars left on the table after FB’s share price doubled since he left.
Not that he cares about a “missing” billion or two. After it was all said and done Jan Koum still walked away with a net worth of $12 billion .
And Jan did not waste much time putting that money to work. He was born in a house with no hot water or heat then moved into a two-bedroom apartment with his single mom. Today, Jan Koum owns around $450 million worth of real estate. And we’re not talking about office buildings or investments. He literally owns almost a half billion dollars worth of personal residences.
Jan Koum’s $450 Million Real Estate Portfolio
Jan bought his first significant house in 2015 when he paid $8.8 million for a home in Atherton, California. Over the next few years he paid $57 million for several lots in the same neighborhood. In total his new compound spanned 5.6-acres. He proceeded to raze all the previous structures and spent $20 million on a brand new custom home. The garage alone at this compound is 10,000 square-feet, which is convenient because Jan is an avid car collector, especially Ferraris and air-cooled Porsches. He also owns a nearby warehouse where he stores dozens of additional super cars.
In September 2019, Jan planted his foot down south in Malibu with the purchase of a 14,000 square-foot clifftop mansion in Malibu above a beach called Paradise Cove. The purchase price?
$100 million
Jan’s home is located in what is arguably the most-desirable area in Malibu other than a private gated community down the road called the Malibu Colony. But even that’s debatable.
To get an idea why this area is so amazing and why a house would cost $100 million, check out this video tour of Jan’s first Malibu house:
I say “first” Malibu house in that previous sentence because earlier today it was revealed that Jan Koum made a second Malibu acquisition.
Sorry for all the video embeds, but I really want to you to understand what we’re dealing with here. So in the following video, hit pause at the 11 second mark:
If you’re paused at the 11 second mark you should see two clifftop homes with paths down to the beach. Do you see the modern-looking home in dead center with the zig-zagging walkway down to the beach? That’s the $100 million home Jan bought in 2019 (as seen in the first embedded video above).
Do you see the home with the straight walkway down to the beach? Jan Koum just bought that house for…
$87 million
Also it’s not a walkway. It’s a funicular, which is a fancy way of saying an elevator that goes sideways up and down a mountain/hill.
We wrote about Jan’s new 3-acre property in June of 2020 when it first hit the market for a cool $125 million asking price .
Musician Kenny Rogers owned this home back in the 1980s. He actually paid to have the funicular installed. And not only did he have to pay the construction costs, when the city of Malibu complained that the funicular was installed without permission or permits, Rogers ALSO had to pay $2 million in fines.
Jan is buying out his neighbor, a 48-year-old Bosnian-born entrepreneur named Sanela Diana Jenkins . This is Sanela Diana Jenkins:
(Photo by Charley Gallay/Getty Images)
The woman in the above photo is 48. That is not a typo. I just double checked.
Diana was born just a few years before Jan in the town of Sarajevo which at the time was the country of Yugoslavia, today’s Bosnia and Herzegovina. Bosnia and Herzegovina is a country. I had to double check this as well because I’m an idiot American.
Diana was in college when she was forced to flee the at the outbreak of war in 1992. She spent a year as a refugee in Croatia before landing in London where she picked up with her studies.
In 1999 Diana met a wealthy British banker named Roger Jenkins at the gym. They married and had two children before divorcing in 2011 after 10 years. Diana uprooted herself from London to Malibu, buying the home above for $21 million in the mid-2000s. Diana toured the home with her friend, musician Kid Rock . She was tagging along with Kid as he was mansion hunting, but she ended up a buyer.
[Side note – As far as I can tell, Jan and Sanela Diana are both unmarried. With their background and life experiences… they seem like a good match, no? I’d like an invite to the wedding if that happens…]
Here’s an aerial shot via Google maps of Jan Koum’s new compound. He now owns the two homes in the center of this photo, the ones with beach paths that almost connect at the sand. The home on the far right is owned by television producer Mark Burnett and his wife, actress Roma Downey . The home on the left is owned by a woman named Tamara Hughes Gustavson. Tamara is the largest shareholder in the company Public Storage which was founded by her father, Bradley Wayne Hughes. Tamara’s 11% stake gives her a $4.6 billion net worth.
Via Google Maps
In total, Jan’s new $187 million Malibu compound spans roughly 7-acres and has 100+ feet of ocean frontage.
The new house comes with a beach cabana, visible above, that features a retractable ceiling, wet bar, fire pit and built-in barbecue.
If Jan ever needs to get away from Malibu, he can drive about 40 minutes inland (depending on traffic, obviously) to a home in Beverly Hills he bought in September 2020.
The seller of that home was Quibi founder/movie mogul Jeffrey Katzenberg . The sale price of that 27,000 estate?
$125 million
To reiterate, by my very conservative count, Jan Koum owns $450 million worth of real estate in California alone. That means every year he is cutting $4.5 million worth of checks to the state just to cover his property taxes. That means every year Jan needs to earn (or pull from his savings) $9 million pre-tax just to satisfy the tax man. Can you imagine how much he’s spending every year on utilities? And to think, he was born in a family with no utilities at all. Not a bad come up!
- Jan Koum Grew Up On Food Stamps And Now Owns More Than $400 Million Worth Of California Real Estate
- Jan Koum Net Worth
- After Growing Up On Food Stamps WhatsApp Founder Jan Koum Now Owns At Least $350 Million Worth Of California Real Estate
- One Grew Up On Food Stamps. The Other Was Rejected By Every Company In Silicon Valley. Today They’re Worth $12 Billion.
- Marc Andreessen Just Paid $177 Million For A Seven Acre Malibu Estate – The Second Most Expensive Home Sold In US History!
- Sanela Diana Jenkins Net Worth
