John A. Sobrato
|John A. Sobrato|
|Born||John Albert Sobrato
April 1939 (age 77)
|Residence||Atherton, California, US|
|Alma mater||Santa Clara University|
|Occupation||Founder and chairman, The Sobrato Organization|
|Net worth||$ 5.8 billion (February 2016)|
|Parent(s)||John Mossimo and Ann Sobrato|
John Albert Sobrato (born c. April 1939) 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. 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.
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.
John A. Sobrato began his own real estate investing in 1957, while still in college at Santa Clara University. Beginning in 1972 he worked closely with another successful Silicon Valley investor, Carl Berg, for many years. 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.
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. Major beneficiaries have included Santa Clara University, Sobrato High School, and Bellarmine College Preparatory. In 2015, he and is wife offered the biggest ever individual pledge to the University of San Francisco, worth $15 million.
- "John A. Sobrato". Forbes. Retrieved 10 January 2015.
- David Louie, "Sobrato family makes mark on South Bay", KGO-TV, April 15, 2014.
- Members at The Sobrato Organization website
- 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).
- Frederick W. Marrazzo, Italians in the Santa Clara Valley (Arcadia Publishing, 2007), ISBN 978-0738555621, p. 125. Excerpts available at Google Books.
- Nathan Donato-Weinstein, "Carl Berg's next big adventure", Silicon Valley Business Journal, November 9, 2012.
- 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).
- "John A. Sobrato - The Forbes 400 Richest Americans". forbes.com. Retrieved 2014-05-10.
- "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.
- Donato-Weinstein, Natahn. "Sobratos making largest-ever individual gift to USF", Biz Journals, 18 November 2015. Accessed 17 February 2016.
- The Sobrato Organization
- "Meet John Sobrato, 2012 David Packard Award Winner", Joint Venture Silicon Valley