What is Donald Bren’s net worth?
|Net Worth:||$17 Billion|
|Born:||May 11, 1932|
|Country of Origin:||United States of America|
|Source of Wealth:||Entrepreneur|
Donald Bren is an American businessman.
Bren is the chairman and owner of the Irvine Company, a US real estate investment company.
In 1958, Bren built his first house in Newport Beach with a $10,000 loan. He began his business career in 1958 when he founded the Bren Company, which built homes in Orange County, California.
As of 2021, Donald Bren’s net worth is approximately $17 billion.
Donald Leroy Bren was born on the 11th of May, 1932, in Los Angeles.
Bren is the son of Marion and Milton Bren. His parents divorced in 1948. Bren’s father remarried in 1948 to Academy Award-winning actress Claire Trevor.
Bren graduated from the University of Washington, where he received a bachelor’s degree in business administration and economics. In 1956, he tried out for the Olympic ski team but did not qualify following an injury. After college, he served as an officer in the United States Marine Corps.
Bren built his first house in Newport Beach with a $10,000 loan in 1958. He began his business career in 1958 when he founded the Bren Company, which built homes in Orange County, California.
He joined a group of investors to purchase the 146-year-old Irvine Company. Bren was the largest shareholder of the resulting consortium, owning 34.3% of the company, and received the vice-chair of the board.
In an interview in 2011, Bren summarized his real estate investment strategy: “What I learned was that when you hold property over the long term, you’re able to create better values, and you have something tangible to show for it.”
Forbes, in its 2019 edition of “The 400 Richest Americans”, ranked Bren as the wealthiest real estate developer in the US and 32nd “Richest American” with an estimated net worth of $17 billion.
It is believed that the Irvine Company owns more than 120,000,000 ft.² of real estate – the majority of which is located in Southern California. The company’s holdings include several hotels, marinas, golf courses, 550 office buildings, 125 apartment complexes, and more than 40 shopping centers.
As of 2021, Donald Bren’s net worth is $17 billion.
Here are some of the best highlights of Donald Bren’s career:
- Irvine Company
- Forbes ranked Bren “The 400 Richest Americans” (2019)
Favorite Quotes From Donald Bren
“My two primary areas of focus have been open-space conservation and education, and I expect those to remain my priorities in the future. The Irvine open space and parklands provide serenity and balance to our unique Orange County lifestyle.” – Donald Bren
“Fulfilling the vision of the Irvine Ranch master plan has been a lifetime dedication and lifetime passion, and I am hopeful the heritage of our Irvine stewardship will live on in many new ways.” – Donald Bren
“When I first joined the Irvine Company, I realized that less than 11,000 acres were designated as open space in the original master plan, and that didn’t seem adequate to me. So, I began the lengthy process working with public and community organizations to add more open space.” – Donald Bren
“My first large-scale community development opportunity was the formation of the Mission Viejo Co. – a partnership with the O’Neill Family, who owned Rancho Mission Viejo. As the young president of the company, I had the responsibility for master planning, master building and implementing the new community’s development plans.” – Donald Bren
“Newport Center has become a Mediterranean town. The climate here is the same as the Mediterranean’s, and so is the architecture. This center exudes a radiance, energy. It will become a special way of life for everyone.” – Donald Bren
“My ultimate dream is for the Irvine Ranch to be known and celebrated as much for the outstanding communities we’ve planned and built as it is for what is not developed. The beneficiary being the 50,000 acres of undeveloped land that is now permanently preserved and conserved as Open Space and parklands.” – Donald Bren
3 Motivational Lessons From Donald Bren
Now that you know all about Donald Bren’s net worth and how he achieved success; let’s take a look at some of the lessons we can learn from him:
1. Always Stay Open To Learn Something New
Successful business owners and leaders are constantly learning new skills and ways to improve their businesses. In many cases, it’s an insatiable appetite. Stay open and learn something new.
2. Think Outside Of The Box
Successful leaders know that sometimes they need to get out of the box they’ve created to solve a problem. This may look like asking others for help, getting out of the office, taking a break, or trying something new.
3. Be Transparent
Business owners need to take ownership of their mistakes. They also need to be transparent with their team and customers. Be transparent.
Donald Bren is an American businessman who is the chairman of the Irvine Group and is ranked as the wealthiest real estate developer in the US.
He is also known for his philanthropic activities and donates more than $1 billion to various charities and foundations.
As of 2021, Donald Bren’s net worth is roughly $17 billion.