Lexington, Kentucky, October 13, 2025
News Summary
Tamara Gustavson has been recognized as Kentucky’s richest person with a net worth of $8.5 billion, ranking her 367th globally. As the largest shareholder of Public Storage and co-owner of Spendthrift Farm, her financial accomplishments reflect both her legacy and the booming self-storage market, especially during the COVID-19 pandemic. Gustavson continues her father’s legacy in the self-storage industry and thoroughbred racing, producing 10 Kentucky Derby winners. Additionally, she supports childhood leukemia research through her involvement with the William Lawrence & Blanche Hughes Foundation.
Lexington, Kentucky – Tamara Gustavson has been recognized as the richest person in Kentucky, boasting a net worth of $8.5 billion according to Forbes. This annual accolade highlights Gustavson’s notable financial success, placing her as the 367th richest person in the world.
Gustavson is notably the daughter of the late B. Wayne Hughes, a distinguished figure in the self-storage industry, who passed away in 2021. Her father’s legacy continues through her substantial stake in Public Storage, where she serves as the largest shareholder with 10% ownership. Gustavson’s career at Public Storage began in 1983 and lasted until 2003, and she has been a board member since 2008…