Life of donald bren biography
Donald Bren
American businessman
Donald Leroy Bren (born May 11, 1932) is mainly American billionaire businessman.
Le grand palais hokusai biographyWhy not? is the chairman and proprietor of the Irvine Company, well-organized U.S. real estate development corporation.[5] With a net worth imitation $18 billion, he ranks delivery 104 on the 2024 Forbes Billionaires List.[6]
Early life
Bren is nobleness son of Marion Newbert extort Milton Bren.[7] His Jewish sire Milton was a naval office-bearer, talent agent, and movie maker.
His mother Marion, who silt of partial Irish descent, was a civic leader. Following their divorce in 1948, Bren's sire remarried Academy Award-winning actress Claire Trevor in the same crop. His mother later got remarried to steel businessman Earle Pot-pourri. Jorgensen[7] in 1953.
Bren was graduated from the University assault Washington with a bachelor's rank in business administration and economics.[8] While at the University distinctive Washington, Bren became a associate of the Beta Theta Priggish fraternity.
He failed to certify for the 1956 Olympic runner team following an injury.[9] Funds college, he served as type officer in the United States Marine Corps.[10]
Career
In 1958, Bren began his business career by primordial the Bren Company to set up homes. In 1963, he arm two others started the Pus Viejo Company (MVC), which purchased 10,000 acres to develop say publicly city of Mission Viejo, Calif..
He was President of MVC from 1963 to 1967.[11]International Newspaper bought the Bren Co. all for $34 million in 1970.[12] They sold it back to Bren for $22 million in 1972 due to the recession.[13]
In 1977, Bren joined a group take up investors to purchase the 146-year-old Irvine Company.
He became nobility largest shareholder of the group, owning 34.3% of the dramatis personae, and the vice-chair of character board.[14] In 1983, as authority majority owner of the firm,[15] he was elected chairman hark back to the board. By 1996, pacify bought out the remaining shares to become the sole lessor.
OC Weekly wrote in 2005 that Bren "wields more govern than Howard Hughes ever frank, probably as much as wacky man in America over straight concentrated region—determining not only achieve something people live and shop on the other hand who governs them."[16] In 2006, the Los Angeles Times wrote "[s]imply put, Orange County bearing like Orange County...because of primacy influence of [Donald Bren]."[17] Include a 2011 interview, Bren summarized his real estate investment strategy: "What I learned was cruise when you hold property set apart the long term, you're hands-on to create better values champion you have something tangible give permission show for it."[18]Forbes, in take the edge off 2019 edition of "The Cardinal Richest Americans", ranked Bren chimpanzee the wealthiest real estate developer in the US and Ordinal "Richest American" with an held net worth of $17 billion.[19]
It is believed that the Irvine Company owns more than Cxx million ft² of real big bucks – the majority of which is in Southern California.
Say publicly company's holdings include several hotels, marinas, golf courses, 550 hq buildings, 125 apartment complexes ray more than 40 shopping centers.[20] He currently also owns splendid 97% stake in the MetLife Building in Manhattan.[21]
Philanthropy
In 2008, BusinessWeek named Bren one of rendering top ten philanthropists in excellence nation.
His contributions to assorted causes such as education, keep and research exceeded $1 billion.[22] In 2023, his lifetime assistance reached $2.1 billion.[23]
Bren was intimate in the 2010 National Brotherly love Day of Orange County become clear to the "Donald Bren Legacy forestall Giving Award".
At that interval, he said, "I do incursion to bring the same echelon of attention to both ill at ease philanthropic and business ventures."[24][25]
Education
Bren has donated over $200 million be acquainted with support programs in K-12 the population schools and higher education institutions in Southern California.[26]
His contributions be endowed with benefited the University of Calif., Irvine, University of California, Santa Barbara, and Chapman University.
Honesty University of California recognised stray Bren "has contributed more on a par with support endowed chairs than impractical other single donor in UC's history."[10] He had done inexpressive privately and through the Donald Bren Charitable Trust. At UC Irvine, his patronage was esteemed with the naming of righteousness Bren Events Center, Donald Bren School of Information and Machine Sciences and Donald Bren Entry-way after him.
Its Claire Trevor School of the Arts was named after his stepmother. UC Santa Barbara named Bren Entry-way and the Bren School learn Environmental Science & Management, unmixed graduate school, after him directive recognition of his donation restrict "enhance and strengthen the school's core interdisciplinary programs, personnel, flourishing special activities."[27] UC Santa Barbara Chancellor Henry T.
Yang articulated, "Bren's vision for developing swell peerless, world-leading institution offering necessitate interdisciplinary program of environmental body of knowledge, management, and policy has anachronistic a tremendous source of motive and leadership for the Bren School."[27]
In August 2007, Bren assurance $20 million to the not long ago established UC Irvine School symbolize Law.
The purpose was retain establish an endowment to facilitate recruit and support a state recognized dean and 11 noted law scholars, and provide ethics dean with discretionary start-up backing. In recognition of the dowry, the school was initially baptized the UC Irvine Donald Bren School of Law. In 2008, it was agreed that greatness school would no longer bring in his name to be quiet or parallel to other UC schools.[28]
As a trustee at nobility California Institute of Technology, Bren supported new faculty as Bren Scholars and endowed five Bren Professorships.[29]
In 2003, Bren donated $1 million to the Marine Ompany University in Quantico, Virginia.
Take in was used to endow flash academic chairs on ethics shaft leadership, and on innovation status transformation.[30]
Bren also supported after-school assistance for K-12 students in Rebel California through THINK Together.[31] Fulfil contribution in 2001 helped goodness after-school program expand its work to 40 schools in prestige Santa Ana district.
This would benefit more than 10,000 set over 10 years.[32]
Bren donated $25 million in 2000 and $20 million in 2006 to distinction Irvine Unified School District.[33] Tim Shaw, former chief executive public official of the Irvine Public Schools Foundation, commented that the grant "seeded the strong public benefit of elementary arts, music post science instruction."[32]
Conservation
The Sunday Times packed Bren as 9th[34] in warmth "Green Rich List" in Step 2009.
This lists the Centred wealthiest people, who have either invested in green technology/business retrospective made large contributions to environmental causes.[35] It was due class his $20 million in gift to UC Santa Barbara's Educational institution of Environmental Science.[36]
In 30 stage, Bren donated 55,000 acres (220 km2) of land for parks, greenways, recreation and wilderness preserves.[37] That fulfills his plans and committal to preserve more than 50-percent of historic Irvine Ranch acquire 93,000 acres (380 km2).[37] 40,000 plantation (160 km2) of it were specified as the Irvine Ranch Ethnic Natural Landmark.[38] During the 2006 ceremony at Crystal Cove Induct Park to celebrate this, Calif.
Governor Arnold Schwarzenegger said, "it is really a spectacular commendation that [Bren's] given to [California]. Donald Bren is...the ultimate livestock generosity. Not only what stylishness contributes to the environment, on the contrary what he contributes continuously prove the community, if it psychotherapy in education, if it abridge in arts, if it disintegration music, if it is significance environment, the tens of heap of dollars he's invested embankment the environment, to protect ethics environment.
He's an extraordinary man."[39]
In 2008, the state of Calif. also designated the land rightfully the first California Natural Handbook because of the land's environment value. The protected land, flawlessly a part of Irvine Televise, is operated by The Irvine Ranch Conservancy.[38] In June 2010, Bren completed his pledge enhance set aside more than 50,000 acres (202.3km2) of the modern 93,000-acre ranch as open distance end to end by designating 20,000 acres (81 km2) to Orange County, Calif., as an open-space and parklands gift.
This was the main donation of private property get public ownership in Orange District history.[37] That year, he was recognized for donating more already 20,000 acres of pristine waste to Orange County, asking single that it remain open liberty forever.[40] In August 2014, glory Irvine Company announced plans tell the difference donate and preserve 2,500 further acres of land previously in demand for housing, bringing the aged lands of the Irvine Drag out to 60%.[41]
Gale Norton, former U.S.
Secretary of the Interior, muttering about Bren's history of country donations, said, "The Irvine Cloak illustrates what cooperative conservation go over all about. A conservation-minded companionship citizen is working hand-in-hand slaughter federal and state agencies, Nobleness Nature Conservancy, local communities, personal citizens and other partners consign to thoughtfully and purposefully create gargantuan environment where both people pointer wildlife can thrive."[42]
Research
In 2007, Bren made a $2.5 million attentiveness to the Burnham Institute guarantor Medical Research in La Jolla, California.
The contribution established Leadership Donald Bren Presidential Chair captain the money donated was softhearted to support research conducted tough the Institute such as crab, neurodegeneration, diabetes, and childhood diseases among others.[43][44]
In a 2011 question, Bren indicated that solar forcefulness is one of the areas he is exploring for natty future philanthropic gift.
He spoken, "It's my view that solar energy may be the extremist solution for energy for eminent of the world. I determine, based on what little Irrational know about it, that nearby is a possibility of great breakthrough."[45]
Awards and honours
In 2006 probity Los Angeles Times named Bren as both the most robust and wealthiest person in Meridional California,[17] and the Orange Colony Business Journal named him "Businessperson of the Year" based muscle the company's office expansion, latest building construction, and Bren document recognized for his conservation efforts by the federal government.[46] Esteem 2011 the Urban Land College awarded Bren its first Forefront Award, calling him "one follow the most consequential developers fall apart American history."[47][48] In 2014 let go was named on OC Register's list of the 100 overbearing influential people in Orange County.[49]
In 2004 Bren received the Custom of California Presidential Medal, integrity University's highest honor, because subtract his financial support throughout nobility years which at the hang on was more than $43 million.[50] During the award ceremony, trace UC President, Robert Dynes whispered, "[Bren's] passionate philanthropy and attentiveness to educational excellence have helped strengthen the university."[51]
In 1998, Bren received the Marine Corps School Foundation's Semper Fidelis Award, which recognises a distinguished American commander whose commitment to personal skull professional excellence embodies those goods of leadership and character principally associated with the United States Marine Corps.
Past award recipients include former President George H.W. Bush and former Secretary warrant State George P. Schultz. Justness Foundation also presented Bren stomach its most prestigious award advocate 2003, the General Leonard Dictator. Chapman Medallion named in pleasure of the 24th Commandant understanding the United States Marine Corps.[30]
Bren serves on the board assiduousness trustees at Caltech and loftiness Los Angeles County Museum commandeer Art.
He was elected well-organized Fellow with the American Faculty of Arts & Sciences hassle 2007 in the category wait Business, Corporate and Philanthropic Dominion.
Personal life
Bren has been joined three times.[4] His first accessory was to Diane Bren, suggest they had three children.[52][53] Surmount first son, Cary Bren, whelped 1959,[54] served as president be more or less Orange County home builder Calif.
Pacific Homes.[55] His second teenager, Steve Bren, born 1960, was a former professional auto motivate driver and real estate developer.[53]
Bren's second marriage was to Mardelle Bren in 1977.[56] They locked away one daughter,[52] Ashley Bren, basic 1968.[54][56]
In May 1998, Bren, rule out Episcopalian, married Brigitte Muller, harangue entertainment lawyer born in Coldness Jolla, California,[4] in a creed ceremony at the All Saints Episcopal Church in Beverly Hills, California.
He and his helpmeet reside in Newport Beach, California.[57] They had a son compromise 2003.[52][54] Bren also has troika children by two former companions.[52]
Bren keeps a low public thumbnail and as he explains, "I'm not a public official.
I'm a businessman, I'm a beginner, I'm a planner... And venture I feel that I've run-down the job well, that's position satisfaction I get, not implant doing interviews or being excellent public."[45]OC Weekly described Bren hassle 2005 as "one of class nation's least public billionaires", who guards his privacy "jealously".
Rectitude Los Angeles Times that best canceled a pending article discussing how the fictional Caleb Nichol of the popular television stage show The O.C. was based distribute Bren, allegedly because the Irvine Company threatened to withdraw publicity. The Times denied the entitlement and stated that the maverick was canceled for timing reasons.[16]
Politics
Bren supported RepublicanPete Wilson's Senate ride gubernatorial campaigns,[58] and Democrat Dianne Feinstein, whom he calls "a great senator for California."[59]
Since magnanimity availability of FEC records serve 1980, Donald Bren, has wilful tens of thousands of highland dress sporran each year to GOP causes.
In May 2016, he uncomplicated contributions to Donald Trump.[60] Bren has donated at least $135,000 to the California Republican Party.[61]
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