Source of Wealth:Real Estate
Full Name:John Albert Sobrato
Occupation:Founder and Chairman of Sobrato Development Companies
Education:Santa Clara University
About John Albert Sobrato
John A. Sobrato is the Founder and Chairman of Sobrato Development Companies who has an estimated net worth of $6.6 billion as of July 2017, according to Bloomberg. In the “Forbes 400” list, he is the 108th richest person in the United States. He is also the 346th richest person in the list of World Billionaires.
John Albert Sobrato has earned his estimated net worth of $5.3 billion from the Cupertino-based Sobrato Development Companies. It is a prominent Silicon Valley development firm that specializes in commercial and residential real estate. The company manages around 7.5 million square feet of commercial space and 30 apartment communities with 6,700 units. Among its commercial tenants include Apple, Yahoo! and Netflix.
Mr. Sobrato is a graduate of Santa Clara University. He began his career in real estate when he sold his home in Palo Alto in 1957 while he was still at school. Since then, he has built up a commercial real estate empire in the 1960's and 1970's along with fellow Silicon Valley building pioneer, Carl Berg.
In 1978, John A. Sobrato founded his own company which he still oversees today with his son, John M. Sobrato, who serves as the CEO. Also, he still serves as the chairman of the firm. With his family, he created the Sobrato Family Foundation. Through the foundation, he has donated around $230 million in real estate and cash to local communities since 1996 as a Giving Pledge signatory. He and his wife made a $5 million donation to the Santa Clara Valley Medical Center in January. He has also made donations to Strive for College.
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