⬅ # 380 Kirsten Rausing|# 382 Viktor Vekselberg

# 381 Tamara Gustavson 


Real Time Net Worth
as of 4/12/2024
-$62.5M (-0.86%)

# 381 Tamara Gustavson 


Real Time Net Worth
as of 4/12/2024
-$62.5M (-0.86%)
OccupationPartial Owner, Public Storage
Source of WealthSelf Storage
ResidenceLexington, Kentucky
Marital StatusMarried
EducationBS, University of Southern California
Age-Adjusted Net Worth$6.37B
Tamara Gustavson
Tamara Gustavson
United States
Net worth: $7.29B

Self-Made Score 

Wealth History

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Tamara Hughes Gustavson, born in 1961, is an American business executive and billionaire.
She is the daughter of B. Wayne Hughes, co-founder and chairman of Public Storage.
Gustavson is the largest shareholder of Public Storage, holding approximately 11% of the company's shares.
She is married to Eric Gustavson, and they have two children, residing in Lexington, Kentucky.
Gustavson and her family own Spendthrift Farm, a renowned Thoroughbred racehorse breeding farm in Kentucky, housing ten Kentucky Derby winners.

Education and Early Career

Gustavson graduated from San Marino High School in 1979.
She attended the University of Southern California, where she was a member of the Pi Beta Phi sorority, graduating in 1983 with a Bachelor of Science in public affairs.
In 1983, she joined Public Storage and worked at the company for twenty years, rising to the position of senior vice president before departing in 2003.

Career Highlights and Philanthropy

Gustavson joined the board of trustees of Public Storage in 2008 and has remained on the board since.
She was instrumental in establishing the USC-CHLA Institute for Pediatric Clinical Research and served on its board of directors from 2004 to 2008.
As Director of the William Lawrence & Blanche Hughes Foundation, she focuses on charitable endeavors, particularly childhood leukemia.
Gustavson joined the board of American Homes 4 Rent, a publicly traded REIT, in 2016, eventually becoming its chairwoman in May 2019.
Her philanthropic involvement extends to various organizations, including her alma mater, USC, where she served on the board from 2010 to 2020.

Real Estate Ventures

In May 2022, Gustavson listed her Malibu property for sale at $127.5 million.
The property was eventually sold to American businessman Byron Allen in October 2022 for $100 million.

How long would it take you to become as rich as Tamara Gustavson?

If you started with $10,000 and invested an additional $500 each month at a 44.18% CAGR, it would take you 5 years to reach Tamara Gustavson's net worth of $7.29B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 36.27% compared to 8.51% for the S&P 500 benchmark.

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Tamara Gustavson is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Tamara Gustavson, Self Storage is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey