Nicolas Berggruen’s profile picture

Nicolas Berggruen

Nicolas Berggruen’s profile picture
Net worth 2018: $1.78 Billion
Industry: Investments
Residence: Beverly Hills, California
Country: United States
BirthDay: 10 August 1961
Sigh: Virgo
Education: Bachelor of Arts / Science, New York University
BIOGRAPHY

Nicolas Berggruen was bornon 10 August 1961 in Beverly Hills, California, United States. Nicolas Berggruen is #1292 in List Billionaires People In The World. The son of a wealthy art collector, Nicolas Berggruen was born in Paris and came to the U.S. to attend New York University. He first worked in real estate for Bass Brothers Enterprises before founding his eponymous investment vehicle, Berggruen Holdings, in 1985 to manage his family fortune. Three years later, he co-founded Alpha Investment Management, a fund of hedge funds operation that was sold to Safra Bank in 2004. Berggruen Holdings now has investments in everything from clean energy in Turkey to a car rental company in India. His firm also owns 3,000 apartments in Portland, Ore. and 70 commercial buildings in Germany, as well as real estate in Israel, Turkey, Singapore and India. A bachelor, Berggruen has settled down in Los Angeles with his 2 children, born this year through an egg donor and 2 separate surrogates. In May 2016 he announced plans to donate $500 million to build a Los Angeles campus for his think tank, the Berggruen Institute.

NET WORTH STATISTIC
2009

$2 Billion

2010

$2.2 Billion

2011

$2.3 Billion

2012

$2.3 Billion

2013

$2 Billion

2014

$2 Billion

2015

$1.5 Billion

2016

$1.7 Billion

2017

$1.8 Billion

2018

$1.78 Billion

TIMELINE
Nicolas Berggruen (/ˈbɜːrɡruːn, bɜːrˈɡruːən/; born 10 August 1961) is a philanthropist and investor. A dual American and German citizen, he is the founder and president of Berggruen Holdings, a private investment company and the Berggruen Institute, a think tank that works on addressing governance issues as well as the cultures and philosophies behind political systems. Through the Berggruen Institute he is also a co-founder, with the Huffington Post, of The WorldPost, a media publication dedicated to global issues.Berggruen was born in Paris, the son of art collector Heinz Berggruen, and actress Bettina Moissi. His father was of German-Jewish descent and his mother a Catholic of German and Italian/Albanian descent. Berggruen attended the École Alsacienne in Paris and Le Rosey in Switzerland, before completing a baccalauréat in Paris as a candidat libre in 1978. He worked as a trainee at London Merchant Securities in London, known today as LMS Capital Plc. He subsequently obtained a Bachelor of Science in Finance and International Business from New York University in 1981. He later worked for the investment company Bass Brothers Enterprises, in its real estate group. Between 1983 and 1987, Berggruen was a Principal at Jacobson and Co.In New York, based on a trust fund worth about $250,000, Berggruen began buying real estate before moving on to stocks, bonds and a portfolio of private equity and venture funds as well as hedge funds. He founded Berggruen Holdings, Inc. in 1984 to act as investment adviser to a Berggruen family trust. In 1988, he and Julio Mario Santo Domingo, Jr. co-founded Alpha Investment Management, a hedge fund that was reportedly sold to Safra Bank in 2004.The press has referred to Berggruen as "the homeless billionaire", as at one point he lived in hotels and did not own a home.In 2010, Berggruen founded the Berggruen Institute, a think and action tank. Through the institute, he has launched several government reform projects including the 21st Century Council which is focused on global governance challenges, the Council for the Future of Europe, to support work on European integration and the Think Long Committee for California, a bipartisan effort focused on reforming California's system of governance. In 2015, Berggruen announced the launch of the Berggruen Philosophy and Culture Center.Berggruen is a co-author (with Nathan Gardels) of a book on political governance: Intelligent Governance for the 21st Century: A Middle Way Between West and East, written with Nathan Gardels (Polity, 2012). The Financial Times named it as one of their "Best Books of 2012".In September 2015, Berggruen announced the launch of the Berggruen Institute's Philosophy and Culture Center. The Center includes a fellowship program between Chinese and American universities, an ideas contest, and an annual $1 million philosophy prize to be awarded by an international jury.Berggruen is a member of the Council on Foreign Relations, Director on the Board of the Pacific Council on International Policy, a member of Foro Iberoamericano, a member of the Helena Group, and a member of the Commission on Global Ethics and Citizenship. In 2013 he was appointed by Harvard's Center for European Studies as its first non-resident Senior Fellow, and was named a member of the Brookings International Advisory Council and the NYU President's Global Council. In 2014 he was named a member of the Leadership Council at Harvard Kennedy School's Center for Public Leadership, a member of Harvard University's Global Advisory Council, as well as a trustee of the Asia Society. He is also a member of the World Economic Forum.Berggruen is the head of the Board of the Berggruen Museum in Berlin and a member of the Los Angeles County Museum (LACMA), the International Councils of the Tate Gallery in London, and the Museum of Modern Art in New York. He is also a member of the Beyeler Foundation, the International Council of the Serpentine Gallery, and Sotheby's International Advisory Board. In cooperation with LACMA, he has been making acquisitions intended for the museum.Berggruen has committed to give the majority of his wealth through the Nicolas Berggruen Charitable Trust and has joined The Giving Pledge. Berggruen has endowed the Berggruen Institute with $500 Million to further the activities and broaden its global reach.Through Berggruen Holdings, Berggruen was a primary investor and developer in Newark, New Jersey's Teachers Village. He was also honored by his alma mater, NYU Stern, at the 2016 Haskins Giving Society Award Dinner for his commitment to business and public service.Berggruen has two children, who were born from one egg-donor and two surrogates. His brother is the art historian Olivier Berggruen.
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