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Bloomberg
Billionaire founder of Public Storage, B Wayne Hughes Sr, donated almost $400 million to the University of Southern California (USC), most of which was given anonymously, according to the Los Angeles Times.
The son of a sharecropper, Hughes fled from dust storms in Oklahoma to Los Angeles, where he graduated from USC in 1957. The newspaper identified him as the anonymous donor who gave $360 million to his alma mater between 2010 and 2015, citing three sources it didn’t identify.
Hughes “has intentionally chosen to live his life in a way that he avoids the spotlight,†his attorney said, declining an interview request from the Times.
The 85-year-old has a net worth of $4.8 billion, according to the Bloomberg Billionaires Index. He founded Public Storage in 1972 with a $50,000 investment after driving along a Texas road and noticing a self-storage warehouse loaded to capacity.