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 company, and this will be the first time for a non-family member to run the company.
