John A. Sobrato

John A. Sobrato
Born John Albert Sobrato
April 1939 (age 78)
Residence Atherton, California, US
Nationality American
Alma mater Santa Clara University
Occupation Founder and chairman, The Sobrato Organization
Net worth $ 6.8 billion (June 2017)[1]
Parent(s) John Mossimo
Ann Sobrato

John Albert Sobrato (born c. April 1939)[2] is an American real estate developer, and the founder of the Cupertino, California-based Sobrato Organization, a Silicon Valley development firm specializing in commercial and residential real estate.[3] He has been listed as one of the richest Americans for many years, and he and his family have made large philanthropic donations to a variety of causes.

Early life

Sobrato's father, John Mossimo Sobrato, owned a popular San Francisco restaurant, John's Rendezvous. After his death in 1952, Sobrato's mother, Ann Sobrato, sold the restaurant and used the proceeds to begin investing in real estate.[4]

Career

Sobrato began his own real estate investing in 1957, while still in college at Santa Clara University.[3][5] Beginning in 1972 he worked closely with another successful Silicon Valley investor, Carl Berg, for many years.[6] He founded the Sobrato Organization in 1979; his son, John Michael Sobrato, took over leadership of the company in 1998. The company grew to hold more than 110 commercial buildings and more than 30 apartment complexes. In 2013, both father and son announced that they were moving away from managing the operations of the company to focus on charitable activities.[3][7]

Sobrato and his family are listed at #110 on the 2014 Forbes 400 list with an estimated net worth of $4.8 billion, and at #340 on The World's Billionaires list as of May 10, 2014.[8]

Sobrato and his son have both signed on the Warren Buffett's Giving Pledge to donate their wealth for charitable purposes. By the close of 2014, the Sobrato Philanthropies (which encompass the Sobrato Family Foundation, family-directed giving, and corporate giving through The Sobrato Organization) had given more than $314 million in money and property.[2] Major beneficiaries have included Santa Clara University,[2] Sobrato High School, and Bellarmine College Preparatory.[9] In 2015, he and is wife offered the biggest ever individual pledge to the University of San Francisco, worth $15 million.[10]

Personal life

Sobrato lives in Atherton, California, US.[1]

References

  1. 1 2 "John A. Sobrato". Forbes. Retrieved 18 June 2017.
  2. 1 2 3 David Louie, "Sobrato family makes mark on South Bay", KGO-TV, April 15, 2014.
  3. 1 2 3 Members at The Sobrato Organization website
  4. ↑ Elise Banducci, "Head of Silicon Valley Real Estate Development Business Dies at 85", Knight Ridder/Tribune Business News, December 19, 2000  – via HighBeam Research (subscription required) .
  5. ↑ Frederick W. Marrazzo, Italians in the Santa Clara Valley (Arcadia Publishing, 2007), ISBN 978-0738555621, p. 125. Excerpts available at Google Books.
  6. ↑ Nathan Donato-Weinstein, "Carl Berg's next big adventure", Silicon Valley Business Journal, November 9, 2012.
  7. ↑ Dana Hull, "Sobratos Step Down from Running Daily Operations at the Family's Real Estate Company", Oakland Tribune, July 1, 2013  – via HighBeam Research (subscription required) .
  8. ↑ "John A. Sobrato - The Forbes 400 Richest Americans". forbes.com. Retrieved 2014-05-10.
  9. ↑ "Silicon Valley Philanthropic and Real-Estate Paragon John A. Sobrato and His Wife Susan to be Recognized With Lifetime Achievement Award", Business Wire, 2 October 2015. Accessed 17 February 2016.
  10. ↑ Donato-Weinstein, Natahn. "Sobratos making largest-ever individual gift to USF", Biz Journals, 18 November 2015. Accessed 17 February 2016.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.