Irvine Company owner Donald Bren has given away $1.3 billion | Irvine Real Estate – Irvine Homes – Irvine Condos

by Robert Mack on November 30, 2010

in Latest News

Orange County’s biggest developer is now spending as much time giving away money as he is trying to make it.

“I get great satisfaction from both business and philanthropy,” Donald Bren, 78, chairman of The Irvine Co., said in an interview with the Register’s Andre Mouchard published Sunday.

Article Tab : image1-

>

Bren has developed about a fifth of Orange County as chief owner and custodian of the 93,000-acre Irvine Ranch. It’s made Bren a billionaire, with a fortune reportedly valued at $12 billion — the 45th biggest in the world, according to Forbes.

But along with selling master-planned developments, building apartments and investing in office properties up and down the state, Bren has managed to give away about $1.3 billion. He’s also donated 50,000 acres to the county to be preserved as permanent open space.

This month, he received the first “Donald Bren Legacy of Giving Award.”

Highlights from Bren’s emailed responses to Mouchard’s questions:

Mouchard:  Obviously, some causes are particularly important to you… Do you foresee your interests changing over time?

Bren: My two primary areas of focus have been open-space conservation and education, and I expect those to remain my priorities in the future.

The Irvine open space and parklands provide serenity and balance to our unique Orange County lifestyle. When I first joined the Irvine Company, I realized that less than 11,000 acres were designated as open space in the original master plan, and that just didn’t seem adequate to me. So, I began the lengthy process working with public and community organizations to add more open space.

via ocregister.com to read the complete article

What’s Donald Bren doing to preserve areas of Orange County? Check it out in the article above!

Posted on Irvine Orange County Real Estate Market News

Leave A Reply With Facebook

comments

Powered by Facebook Comments

Irvine Home Search Irvine Home Values

Post by Robert Mack

Robert has written 727 articles.

{ 0 comments… add one now }

Leave a Comment

Previous post:

Next post: