Donald Bren’s Net Worth

Donald Bren

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 February 2024, 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 February 2024, Donald Bren’s net worth is $17 Billion.

Bren has been married three times. His first marriage was to Diane Bren, and they had three children. His first son, Cary Bren, born in 1959, served as president of Orange County home builder California Pacific Homes. His second son, Steve Bren, born in 1960, was a former professional auto-racing driver and real estate developer.

Bren’s second marriage was to Mardelle Bren in 1977. They had one daughter, Ashley Bren, born 1968.

In May 1998, Bren, an Episcopalian, married Brigitte Muller, an entertainment lawyer born in La Jolla, California, in a church ceremony at the All Saints Episcopal Church in Beverly Hills, California. He and his wife reside in Newport Beach, California. They had a son in 2003.

Bren also has three children by two former companions.

Bren keeps a low public profile and as he explains, “I’m not a public official. I’m a businessman, I’m a builder, I’m a planner… And if I feel that I’ve done the job well, that’s the satisfaction I get, not from doing interviews or being more public.” OC Weekly described Bren in 2005 as “one of the nation’s least public billionaires”, who guards his privacy “jealously”. The Los Angeles Times that year canceled a pending article discussing how the fictional Caleb Nichol of the popular television show The O.C. was based on Bren, allegedly because the Irvine Company threatened to withdraw advertising. The Times denied the allegation and stated that the story was canceled for timing reasons.

Here are some of the best highlights of Donald Bren’s career:

  • Irvine Company
  • Forbes ranked Bren “The 400 Richest Americans” (2019)

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 February 2024, Donald Bren’s net worth is roughly $17 Billion.

Leave a Reply

Your email address will not be published. Required fields are marked *