Nicolas Berggruen: Difference between revisions
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Revision as of 20:14, 9 September 2011
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Nicolas Berggruen | |
|---|---|
| Born | August 10, 1961 |
| Alma mater | New York University |
| Occupation | Businessperson and Philanthropist |
| Spouse | Single |
| Children | None |
| Parent(s) | Heinz Berggruen and Bettina Moissi |
| Website | Nicolas Berggruen Institute Berggruen Holdings |
Nicolas Berggruen (born 10 August 1961 in Paris), is the founder and President of Berggruen Holdings, a private investment company and the Nicolas Berggruen Institute, a non-partisan think tank. He is the son of famous art collector Heinz Berggruen who created the Museum Berggruen in Berlin and his second wife actress Bettina Moissi.
Berggruen attended L'ecole Alseinne beore attending Le Rosey in Switzerland, and then obtained a Bachelor of Science in Finance and International Business from New York University in 1981.
In 1984, he founded Berggruen Holdings, Inc. to act as investment adviser to the Berggruen family trust. It has made over 50 control and non-control investments in businesses since inception. Prior to founding Berggruen Holdings, Inc., he served as an analyst on the real estate side of the family-held investment firm Bass Brothers Enterprises, and was an associate of Jacobson and Co., Inc., an investment company.
His current investment strategy is something he calls "values investing" instead of "value investing". These values investments include windmill farms in Turkey, wheat fields in Australia, and redevelopment of poor inner cities. In 2010, he took over German department store group Karstadt, saving it from insolvency.[2][3]
Forbes magazine estimated Berggruen's net worth at $2.2 billion as of 2010[update].
Having given up most of his material possessions (other than an art collection), Berggruen does not own a home, prefering instead to live out of hotels. He said: "...for me, possessing things is not that interesting. Living in a grand environment to show myself and others that I have wealth has zero appeal. Whatever I own is temporary, since we're only here for a short period of time. It's what we do and produce; it's our actions that will last forever. That's real value".[4]
Berggruen now devotes much of his time and energy to the Nicolas Berggruen Institute, which is committed to the design and implementation of new models of government equipped to manage the challenges of the 21st Century. The Institute has several projects underway including the 21st Century Council, the Council for the Future of Europe and the Think Long Committee for California, a non-partisan committee working on restructuring California's government and helping bring the state out of an ongoing crisis.[5]. For these projects, Berggruen has recruited groups of global leaders from business, politics and academia to work together to find solutions to modern crises in governance at the global, regional and local levels.
Berggruen has an interest in architecture and has collaborated with the likes of Richard Meier, Shigeru Ban, and David Adjaye. Nicolas Berggruen is committed to the Arts, focusing on Contemporary Art. He sits on the Board of the Museum Berggruen, the Los Angeles County Museum (LACMA), the International Councils of the Tate Museum in London, and the Museum of Modern Art in New York.
Berggruen is a member of the Young President's Organization, the Council on Foreign Relations and he is also on the boards of the Pacific Council on International Policy, Le Monde, and PRISA, an international communications adn education conglomarate.
Berggruen hosts an annual exclusive party at Chateau Marmont.[6]
References
- ^ "Nicolas Berggruen". topic page. Forbes.com. Retrieved 2010-12-19.
- ^ http://www.foxbusiness.com/markets/2010/09/02/berggruen-reaches-final-agreement-karstadt-creditors/
- ^ http://www.dw-world.de/dw/article/0,,5971166,00.html?maca=en-rss-en-all-1573-rdf
- ^ The Homeless Billionaire
- ^ Halper, Evan (2010-10-27). Los Angeles Times http://www.latimes.com/news/local/la-me-reform-20101027,0,3570918.story?track=rss.
{{cite news}}: Missing or empty|title=(help) - ^ http://www.newyorksocialdiary.com/node/4184