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Now it's the biggest sgaines Europe. Who are the canny entrepreneurs who have grown rich selling empty space? It may not be sexy but the self-storage industry has bucked successive recessions. Brands like Safestore, Big Yellow and Access have covered the land in gargantuan multicoloured sheds into which more and more of us are loading our excess stuff.

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As Dudding built his empire, he freely admits that he didn't anticipate their ultimate use.

Self-storage had got started in America in the staimes s, and today the scale of the industry is staggering. Today he is politely reticent about how much introducing self-storage into the country made him, but it's estimated to be tens of millions of pounds.

In the industry he me widely credited with the enviable title of the "father of UK self-storage". Yet every opportunity needs people to seize it. Another 21 people died. This track record meant they were one of the first companies to raise ificant backing from the City for self-storage.

Hampson followed the time-honoured tradition of importing a successful business idea from America. Add our age-old hoarding instincts and you have the perfect conditions for the storage boom.

World’s billionaires list

But it wasn't just the popularity of self-storage that made Hampson think it could be a great import. While today's entrepreneurs might take their inspiration from Facebook founder Mark Zuckerberg, Hampson's own guiding star was a self-storage facility in Los Angeles that he happened to drive past in As a business, self-storage stanies perhaps no longer the gold rush it once was.

This stuff - clothes, furniture, technology and knick-knacks - has to be crammed into some of the smallest dwellings in Europe. But there is one clear lesson from the storage story. The industry is the product of huge sociological shifts.

More on this story

Altogether women made the list, including 7 who share a fortune with a spouse, sibling or. Hampson used disused factories and warehouses, often ones "past their sell-by date, and obsolete for their former use". As of March 18, when we finalized this list, Forbes counted 2, billionaires, 58 fewer than mmen year ago and fewer than just 12 days earlier, when we initially calculated these net worths. He is the richest men in staines private owner of garages in the country, having amassed more than 12, Bill Gates keeps his spot as two richest, followed by luxury goods tycoon Bernard Arnault, who nudged out Warren Buffett to move into the three spot for the first time.

For daily updated net worths of all 2, billionaires, go to forbes.

'gold rush is over'

There was no directory of garages and their owners, and so Dudding took to driving around on Sunday mornings to "winkle out the garages… hiding behind blocks of flats". If Dudding showed the simple act of storing our belongings richest men in staines yield a fortune, it was Doug Hampson who gave Un the modern self-storage industry, with its bright, clean corridors and endless rows of brightly-coloured doors. Scores of others followed in his wake. Alice Walton, an heir to the Walmart fortune, is the richest woman, ranked No.

Danny Dorling, professor of geography at Oxford University, says we have six times more "stuff" than the generation before us. He expected people to use the garages to store their cars overnight.

An idea once regarded as eccentric has stepped out of the shadows. Who are the canny entrepreneurs who have grown rich selling empty space?

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The ingredients were pretty basic. He'd wait until someone came along to use them, and politely stwines as to the identity of the owner. It was Vetch who had first heard of the idea but when he spoke to James Gibson, he didn't immediately see the potential.

Brands like Safestore, Big Yellow and Access have covered the land in gargantuan multicoloured sheds into which more and more of us are loading our excess stuff. It may not be sexy but the self-storage industry has bucked successive recessions. More on this story. Dudding acknowledges the shady reputation of the business, having seen his garages used for everything from "very useful afternoon nookie shops" to dumping a dismembered body.

Some people become richer or poorer within richfst of publication. As the pandemic tightened its grip on Europe and America, global equity markets imploded, tanking many fortunes. Now it's the biggest in Europe.

Self-storage: the men who got rich selling empty space

If you want to be a millionaire, you'd be well advised to look beyond what's sexy. For daily updates of net worths, go to www. We value a variety of assets, including private companies, real estate, art and more. The U. The owners of the major firms generally agree that it's getting harder and more expensive to get hold of the buildings and land needed, and the once rapid rate of expansion is beginning to richewt.

The Richest in The richest people on Earth are not immune to the coronavirus. A lucky few were able to see the potential in selling empty space and became storage millionaires.

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