Donald Bren net worth

Donald Bren net worth

Net Worth: $34 Million

About Donald Bren

Donald Bren net worth

It has been reported that the total amount of Donald Bren net worth is as high as 15.2 billion dollars, according to the recent estimations. Donald Bren has earned his net worth because of his career as a businessman. He is an owner of the company called Irvine Company, where he serves as the chairman. The company is known to be an American real estate investment company. Irvine Company is considered as one of the main sources of increasing the total estimate of Donald Bren net worth, as well.
He was born in 1932. His father was a movie producer and a talent agent. His mother, on the other hand, was a civic leader. His mother was Irish, whereas his father was Jewish. In 1948, Donald Bren’s parents divorced. In the same year, his father married actress Claire Trevor. In 1953, Donald Bren’s mother married steel businessman Earle M. Jorgensen. After high school, Donald Bren was studying at the University of Washington, from which he earned his bachelor’s degree in business administration and economics. Donald Bren was active in sports and tried out for the 1956 Olympic ski team.

However, an injury prevented him to be accepted to it. When he graduated from the university, Donald Bren became an officer in the United States Marine Corps.
Talking about his business career, in 1958, with a 10 thousand dollars loan, he built his first house. In the same year, Donald Bren established the Bren Company. The aim of the company was to build houses in the area of Orange County, California. The company also added up first bigger sums of money to the total size of Donald Bren net worth.
In 1963, he co-established the Mission Viejo Company. The company bought 10 thousand acres to build the city of Mission Viejo in California. In the period of 1963-1967, Donald Bren served as the president of the Mission Viejo Company. In 1970, the Bren Company was bought by International Paper, which paid 34 million dollars for it. Two years later, International Paper sold the company back to Donald Bren for 22 million dollars.
In 1977, Donald Bren began to work with the Irvine Company, which added up even bigger sums of money to the total sum of Donald Bren net worth. In the company, he was the largest shareholder. He had more than 34 percent of the company. In addition, he was chosen to be the Vice-chair of the board. In 1983, Donald Bren was already claimed to be the majority owner of the firm. Also, he became the chairman of its board.
In 2015, Forbes named him the richest real estate developer in the United States. At that time, Donald Bren net worth reached 15.2 billion dollars, which made him the 30th richest person in the United States. In addition, in 2008, Donald Bren was titled as one of the top ten philanthropists in the nation by BusinessWeek. He belongs to various charitable organizations related to conservation, education and research. In 2010, he was presented with the National Philanthropy Day of Orange County “Donald Bren Legacy of Giving Award.”

Now you have an idea why Donald Bren net worth is this huge

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