John Arrillaga

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John Arrillaga
Born 1937 (age 76–77)[1]
Residence Palo Alto, California
Nationality American
Education Stanford University
Net worth DecreaseUS $ 1.8 billion (est.) (2012)[1]

John Arrillaga (born 1937) is an American real estate mogul and philanthropist. He is one of the largest landowners in the Silicon Valley.

Biography[edit]

Early life[edit]

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, graduating with a bachelor's degree in geography (no longer offered) in 1960, where he was a member of Delta Tau Delta.[3]

Career[edit]

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[edit]

He is well known for his generous support of the 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[edit]

He 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.

References[edit]

  1. ^ a b c "The World's Billionaires: #719 John Arrillaga". Forbes. March 2012. 
  2. ^ "Basque Studies Debut" (March/April 2007) Stanford Magazine. Retrieved 05 June 2010.
  3. ^ a b c 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.