John A. Sobrato is a name that resonates with success and philanthropy in the world of real estate. As an American real estate mogul, he has amassed a staggering net worth of $6.6 billion, making him one of the richest billionaires in the United States. His journey began while he was still a student at Santa Clara University, where he started selling homes in Palo Alto. Alongside his partner Carl Berg, Sobrato built a commercial real estate empire during the 1960s and 1970s, leading to the founding of the Sobrato Development Companies in 1987.
Today, the Sobrato Development Companies stands as a significant player in Silicon Valley's development landscape, with an impressive portfolio that includes over 11 million square feet of commercial office space spread across more than 110 buildings and over 7,500 residential units. But Sobrato's contributions extend beyond just real estate; he founded the Sobrato Family Foundation, which has made substantial donations exceeding $300 million to local communities since 1996. This commitment to philanthropy is a testament to his belief in giving back to the community.
In July 2013, Sobrato announced a significant transition in his career, stepping down from daily operations of his company alongside his son, John M. Sobrato. This move was aimed at allowing them to focus on philanthropic endeavors through their Foundation, marking a pivotal shift in their legacy. Rob Hollister, a seasoned real estate expert, took over the reins of the company, making it the first instance of a non-family member leading the organization. This transition showcases Sobrato's forward-thinking approach and dedication to both business and charitable work.
John A. Sobrato at a Glance
| Category | Details |
|---|---|
| Category | Richest Business › Richest Billionaires |
| Net Worth | $6.6 Billion |
| Gender | Male |
| Profession | Entrepreneur, Businessperson |
| Nationality | United States of America |
What is John A. Sobrato's Net Worth?
John A. Sobrato is an American real estate mogul who has a net worth of $6.6 billion. While still studying at Santa Clara University, John Albert Sobrato started his real estate career, selling homes in Palo Alto. Together with Carl Berg, he went on to build up a commercial real estate empire in the 60s and 70s, which resulted in founding the Sobrato Development Companies in 1987.
Today, the company is a prominent Silicon Valley development firm that holds over 11 million square feet of commercial office space in more than 110 buildings and over 7,500 residential units. Moreover, he founded the Sobrato Family Foundation together with his family, who has donated more than $300 million in cash and real estate to local communities since 1996. In July 2013 Sobrato announced that he and his son, John M. Sobrato, would be resigning from daily duties at the company in order to focus on philanthropic causes through their Foundation. The real estate expert Rob Hollister will take over the control of the company, and this will be the first time for a non-family member to run the company.
