B. Wayne Hughes’ Obituary, Industry Pioneer Dies at 87
B. Wayne Hughes’ obituary was revealed by Spendthrift Farm on August 18. Industry pioneer B. Wayne Hughes died peacefully in his home at Spendthrift Farm with family by his side.
The longtime horse racing visionary and leader who was one of the sport’s most influential figures of the 21st century passed away at the age of 87. No cause of death has been determined just yet.
Bradley Wayne Hughes was born on September 28, 1933, in Gotebo, Oklahoma. He was a billionaire businessman and the founder and chairman of Public Storage, which is the largest self-storage company in the United state doing business as a REIT or real estate investment trust.
He moved to California when he was a child and was introduced to horse racing by his father, William Lawrence, who took him to Santa Anita Park for the first time at the age of 11.
Hughes worked as an officer in the Navy and graduated from the University of Southern California before achieving success in the business world, starting such companies as American Homes 4 Rent and Public Storage.
He was the company’s president and co-CEO from 1980 to 1991 when he became chairman and sole CEO. Hughes retired as CEO in Nov. 2002 and remained chairman.
The billionaire businessman was also chairman and CEO from 1990 to 1998 of Public Storage Properties XI, Inc. It was renamed PS Business Parks, Inc, an affiliated REIT.
Known by his middle name, Hughes purchased Spendthrift in 2004. He quickly began restoring the historic brand and its land and renovated the farm’s signature structures.
B. Wayne Hughes’ Obituary Doesn’t Clarify Death Cause
B. Wayne Hughes’ obituary has not clarified his cause of death after the American businessman passed away at the age of 87. May he rest in peace.
His family also has not released any statement surrounding Hughes’ death. US day News is working to provide more information and collect the latest updates surrounding Wayne Hughes’ death, so stay up with us.
Following the heartbreaking death of Hughes’ youngest son Parker in 1998, he committed himself to the curing of childhood Leukemia. Hughes funds the Parker Hughes Cancer Center in Minnesota, the U.S. that undertakes the research to develop treatments for children’s leukemia and cancer.
Shortly after Hughes retired as CEO of Public Storage in 2002, he focused on horse racing and campaigned his first champion racehorse in 2003.
After being honored as the 2020 Galbreath Award winner, Hughes said: “Thoroughbred horse racing has been a tremendous passion of mine ever since my father took me to the races as a young boy.”
“It’s something he and I got to share together, and I’ve been fortunate to be able to make it a large part of my life and share it with so many that are dear to me. There are few thrills greater than what horse racing can provide, and it is our responsibility to do a better job of improving this great sport so that future generations can enjoy it as much as I have,” he added.
Hughes is survived by his wife Patricia, his daughter Tamara Gustavson (Eric), his son Wayne Jr. (Molly), his grandchildren Skylar Hughes, Grant and Greer Gustavson, Kylie Barraza (Pat), his sister Sue Caldwell.
It is a difficult time for Hughes’ family and friends, and we ask you all to keep him, his family, his friends, and all of his loved ones in your thoughts through this agonizing time.
Never miss a story. Sign up for the US day News daily newsletter to stay up-to-date on the best of what we have to offer, from juicy celebrity news to compelling human interest stories.
Reactions to B. Wayne Hughes’ Death
Soon after the sad news of B. Wayne Hughes’ death came out, devastated friends and social media users paid poignant tributes to him and spread their condolence through social media.
One social media user tweeted: “We’d like to extend our deepest condolences to the family of B. Wayne Hughes. He was a tremendous visionary that touched the lives of so many. He will be dearly missed.”
Ryan Kartje, a writer for LATimes, wrote on his Twitter account: “Wayne Hughes was believed to be USC’s biggest donor, having donated more than $400 million to the university.”
Another user wrote: “Not too many people can legitimately say they truly changed the Thoroughbred industry. B. Wayne Hughes was one who could. The farm’s in excellent hands going forward, but this is still an immeasurable loss.”
One of Hughes’ fans tweeted: “B. Wayne Hughes, you carried the famous silks of @spendthriftfarm further into our hearts, and many of us fell in love with the sport even more because of your contributions. It’s a tremendous loss in the industry. I’ll never forget seeing those silks aboard Monomoy Girl. RIP.”