B. Wayne Hughes Jr
Source of wealth: Storage facilities
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The scale of their wealth
Health
The price of life
Let's compare B. Wayne Hughes Jr's fortune with the healthcare spending of a massive country
B. Wayne Hughes Jr could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 0.9 years.
But even if we compare their fortune with that of a rich country
On the other end, B. Wayne Hughes Jr could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.4 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
B. Wayne Hughes Jr could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 0.6 years.
And yes, we can also compare it with a rich country
But they couldn't just cover the cost of a poor country; Luxembourg is considered the country with the highest per capita investment in education in the world, and B. Wayne Hughes Jr could pay for it entirely for 0.8 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
B. Wayne Hughes Jr could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 3.5 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of B. Wayne Hughes Jr with Israel, the country that invests the most per capita in research in the world, they could cover the total cost of the system for 0.1 years.
Gold
Everyday luxuries
B. Wayne Hughes Jr's fortune is equivalent to 14 tons of gold. It's hard to process, since we don't usually keep a handful of gold bars in our piggy banks.
A standard gold ring usually weighs between 4 and 7 grams. Let's say this one weighs 5 grams. It's usually 18 karats.
Based on today's gold price (excluding the jeweler's commission, shipping, or anything else), that ring would be worth $549.34.
B. Wayne Hughes Jr could buy 3,784,560 gold rings. That's a lot of fingers and way too many gifts!!
And if you're struggling to visualize that many rings, it would take 1 trucks to transport them. Although B. Wayne Hughes Jr will almost certainly have enough money left over to pay for the gas.
Biography
B. Wayne Hughes Jr. was born into the self-storage business; his father, B. Wayne Hughes (d. 2021), cofounded Public Storage in 1972.
Hughes Jr. worked at Public Storage for almost two decades, starting in 1983.
He was vice president of acquisitions from 1992 to 2002 and served on the board until late 2020.
In 2005 he launched American Commercial Equities, a real estate company that acquires and manages properties in Hawaii and California.
His Hughes Charitable Foundation focuses on issues such as education, at-risk youth and food and housing insecurity in his home state of Wyoming.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison