Donald Bren Net Worth is$12 Billion
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Profession: Businessperson, Philanthropist, Real estate developer
Date of Birth: May 11, 1932
Nicknames: Donald Leroy Bren, Donald L. Bren
Ethnicity: White
Country: United States of America
Donald Bren is a California born, businessman and real estate magnate with an estimated net worth of $12 billion dollars. Donald Bren 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 in excess of $1 billion dollars to various charities and foundations.
Donald L. Bren (born May 11, 1932) is an American businessman who is Chairman of the Irvine Company, a US Based real estate investment company, which he wholly owns.
Bren graduated from the University of Washington where he received a bachelor's degree in business administration. He tried out for the 1956 Olympic ski team but did not qualify due to an injury. After college he served as an officer in the United States Marine Corps.
Bren is the son of naval officer and entertainment executive Milton Bren and his wife, civic leader Marion (Newbert) Bren. His parents divorced in 1947, and Bren's father married Academy Award-winning actress Claire Trevor in 1948. His mother remarried in 1953, to steel business man Earle M. Jorgensen.
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. In 1963, he and two others started the Mission Viejo Company (MVC) and purchased 10,000 acres to plan and develop the city of Mission Viejo, California. Bren was President of MVC from 1963 to 1967.International Paper bought Bren Co. for $34 million in 1970, and then sold it back to Bren for $22 million in 1972 following the recession. Bren took the proceeds and in 1977 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 title of Vice-chair of the board. By 1983, he was the majority owner of the firm and was elected chairman of the board. By 1996, he had bought out all outstanding shares to become the sole owner.
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 2008 edition of, "The 400 Richest Americans," ranked Bren as th

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Donald Bren Latest News

South Dakota veteran receives state’s top honor

In Brookings, S.D., Donald Bren is known simply as “Mr. DAV.” Bren, who hails from White, S.D., joined the Air Force in 1951 and served in Korea before exiting the military in 1959. He has been advocating for fellow veterans ever since. Last month the ...
Posted: October 18, 2016, 6:52 am

Donald Bren: The Real Legacy

Billionaire Donald Bren isn't just Orange County's wealthiest man. Over the decades, the Newport Beach real-estate developer has also proved to be one of the region's most secretive public figures. Other than what's on his carefully polished corporate ...
Posted: February 23, 2011, 8:30 pm

Donald Bren benefit concert set for Segerstrom on Tuesday

Nearly 700 Irvine students will take the Renée & Henry Segerstrom Concert Hall stage in Costa Mesa Tuesday to perform and raise money for their music programs. The 34th annual Donald Bren Honors Concert at the concert hall in Segerstrom Center for the ...
Posted: April 15, 2016, 5:43 pm
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