Founder Profile
B. Wayne Hughes
Last reviewed: October 2026 · By Swet Parvadiya
Who is B. Wayne Hughes?
B. Wayne Hughes is a founder of Public Storage, which was founded in 1972 with Kenneth Volk Jr..
- Company founded
- Public Storage
- Founded
- 1972
- Co-founders
- Kenneth Volk Jr.
Background
B. Wayne Hughes was a California real estate executive before co-founding Public Storage in 1972.
Founding Story
B. Wayne Hughes (1933-2021) co-founded Public Storage in 1972 with Kenneth Volk Jr. and led it for three decades, building the orange-door brand and financing growth through real estate partnerships before consolidating them into a public REIT. He was also a Thoroughbred breeder who owned Spendthrift Farm in Kentucky, which bred 2020 Kentucky Derby winner Authentic. He died in 2021.