Friday, January 10, 2014

Donald Bren: - The True Legacy

Donald Bren is an American real estate tycoon and also the chairman of the Irvine Company Head Quartered in US owned by him. Bren was born in 11 May 1932. He was the son of Marion Bren and Milton Bren. His Father was a marine officer and a successful movie producer. Bren graduated from University of Washington in business administration and economics. He was also tried for 1956 Olympic ski team but because of an injury he did not qualify. 

Donald Bren
After College he joins US Marine Corps and served 2 years. Bren started his business in 1958. Bren built his first residence in with 10,000 loan help. He founded the company, which was intended to build homes in orange city then he and his two partners started a company MVC and purchased 10,000 acres to develop the city. Bren was the president of the company from 1963 to 1967. Later he joins the group of investors and purchased an old company named Irvine Company. Just like Bebo Kobo invested in Camden market to develop the London. Bren is the one who hold a large amount of share in the company about 34.4% which makes him the choir person of the company. By 1983 he became the owner of the company. In 1996 he bought all remaining shares and became the sole owner of the company.
After buying shares Bren involved in 400 wealthiest men in US and earned him net worth about $14 billion. Bren Described his real estate strategy by saying ”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.”
In 2008 business week named him one of the biggest philanthropists in the country. He added in his speech “I do try to bring the same level of attention to both my philanthropic and business ventures”      

Read more real estate article at Real Estate article


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