Friday, 8 June 2012

69.Donald Bren

Donald Bren
Net Worth
$12 B As of March 2012 
At a Glance
  • Age: 80
  • Source of Wealth: Real estate, Self-made
  • Residence: Newport Beach, CA
  • Country of Citizenship: United States
  • Education: Bachelor of Arts / Science, University of Washington
  • Marital Status: Married
  • Children: 7
Forbes Lists
California real estate developer Donald Bren sits atop a mostly thriving mix of residential and commercial properties as the head of the Irvine Company. Since January 2010, the company's home building unit sold some 1,500 units. It's also building the new headquarters for bond fund manager PIMCO in Newport Beach. The Irvine Co. portfolio includes 480 office properties. It recently bought the Hyatt Center in Chicago from the Pritzker family for a reported $625 million. The company also owns 125 apartment communities with 44,000 units, 41 shopping centers, three hotels, three golf clubs and five marinas. Bren has set aside more than 50,000 acres of the original 93,000-acre Irvine Ranch as permanent open space, including a 20,000-acre gift in June 2010 to Orange County. Bren attended U. of Washington on a skiing scholarship. He joined the Marines, then built his first house with a $10,000 loan in 1958. He planned the 10,000-acre Rancho Mission Viejo in California. With partners, in1977 he bought the 145-year-old real estate master planner and developer Irvine Co. for $337 million and became the firm's sole shareholder in 1996. The company has developed much of central Orange County, Irvine and half of Newport Beach. Bren's philanthropy includes donations to U.C. Irvine and U.C. Santa Barbara as well as to K-12 schools in Irvine. [...] more

No comments:

Post a Comment