By: Josh Parker
It is no longer a secret that self-storage continues to be a fantastic investment. According to GlobeNewswire, the compound annual growth rate (CAGR) for the self-storage industry is forecasted to be 5.3% from 2022 to 2023.
With growth like that, it is no wonder that self-storage owners are in good company. Here are some prominent individuals who have recognized the potential of self-storage and invested in this lucrative sector.
Here are some notable self-storage owners and investors:
Ashton Kutcher
Renowned actor and tech investor Ashton Kutcher has expanded his portfolio into the self-storage industry. Kutcher invested $10 million in MakeSpace, a self-storage valet company.
Bill Gates
Bill Gates, the co-founder of Microsoft with a net worth exceeding $130 billion, has also entered the self-storage market. Gates purchased a significant stake in StorageMart, one of the world's largest privately owned storage companies.
Mark Cuban
Billionaire entrepreneur and investor Mark Cuban, known for his role on the TV show "Shark Tank," is another high-profile investor in the self-storage industry. Cuban is the lead investor in Storage Scholars, a unique self-storage startup targeting college students.
With prominent investors like Ashton Kutcher, Bill Gates, and Mark Cuban recognizing the potential of self-storage, it's clear that this industry offers substantial opportunities. These high-profile investments bring attention to the sector and validate the long-term growth prospects and profitability of self-storage. If you're considering investing in self-storage, you're in good company.
Want to talk about franchising and how it can put YOU in good company? Call me! 203-213-7438 or email me: Josh@StorageAuthority.com Let's talk soon!
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