John Arrillaga

John Arrillaga
Born 1936 (age 79–80)[1]
Residence Palo Alto, California
Nationality American
Education Stanford University
Net worth IncreaseUS $ 2.3 billion (June 2015)'[1]
Children John Arrillaga, Jr., Laura Arrillaga-Andreessen(Daughter), Marc Andreessen (son-in-law)
Website http://www.peery-arrillaga.com/

John Arrillaga (born 1936) is an American real estate mogul and philanthropist. He is one of the largest landowners in Silicon Valley.

Biography

Early life

He is of Basque ancestry.[2] He attended Morningside High School in Inglewood, California and graduated in 1955. He attended Stanford University on a basketball scholarship, and was a first-team All-AAWU selection in 1960. He graduated with a bachelor's degree in geography (no longer offered) in 1960, where he was a member of Delta Tau Delta.[3]

Career

In the 1960s, Arrillaga and business partner Richard Peery bought California farmland and converted it into office space.[3] They became two of Silicon Valley's biggest commercial landlords with more than 12,000,000 square feet (1,100,000 m2).[4]

In 2006, he sold 5,300,000 sq ft (490,000 m2) of his real estate holdings for roughly $1.1 billion.[1]

Philanthropy

He is well known for his generous support of Stanford University.[5] The alumni center, the Frances C. Arrillaga Building, is named in memory of his first wife, and various other athletic facilities carry his surname. In May 2006, Arrillaga gave $100 million to Stanford.[6]

In June 2013, he again donated to Stanford, writing a check for $151 million, making it the largest individual donation in the school's history.[7]

Personal life

Arrillaga is widowed, and is remarried to Gioia Fasi Arrillaga. The couple resides in Portola Valley, California.[3] His daughter Laura Arrillaga-Andreessen is married to Marc Andreessen, the successful entrepreneur who co-authored the Mosaic and Netscape web browsers, and who is co-founder of several web technology enterprises. His son John Arrillaga, Jr. is married to Justine Stamen Arrillaga, founder of the TEAK Fellowship.[8]

References

  1. 1 2 3 "The World's Billionaires: #719 John Arrillaga". Forbes. March 2012.
  2. ↑ "Basque Studies Debut" (March/April 2007) Stanford Magazine. Retrieved 05 June 2010.
  3. 1 2 3 Forbes
  4. ↑ "Forbes World's Richest People 2003". Forbes. 2003.
  5. ↑ Fainaru-Wada, Mark (2001-02-25). "Silent Partner / Billionaire Arrillaga has quietly been the primary benefactor behind Stanford's athletic success". San Francisco Chronicle.
  6. ↑ "Arrillaga gives $100 million to Stanford in largest single gift ever from individual". Stanford Report. May 26, 2006.
  7. ↑ Stangel, Luke. "John Arrillaga writes $150 million check to Stanford, the largest donation from a living individual ever". Silicon Valley Business Journal. Retrieved 1 July 2013.
  8. ↑ "2012 In-Kind Gifts & Special Thanks". TEAK Fellowship. Retrieved 9 October 2014.


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