Carl Berg

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For Carl Berg the German airship builder, see Carl Berg (airship builder).
Carl Edwin Berg
Born 1938 (age 77–78)
New Mexico
Residence Atherton, California
Ethnicity Jewish
Occupation real estate developer
venture capitalist
Net worth $1.1 Billion USD (Nov 2015)
Spouse(s) married
Children 1

Carl Edwin Berg (born 1938) is an American businessman, real estate investor, and venture capitalist who has been included in Forbes magazine's list of the 400 richest people in America numerous times.[1] As of March 2013, his net worth was estimated at $1.1 billion.[1]

Biography[edit]

Carl Berg was born and raised in a Jewish family[2] in New Mexico.[3] He has one brother, Clyde Berg, also a real estate developer.[4][5] He worked as a loan officer in Texas and then moved to California in the 1970s where took a job running a mortgage company in Sunnyvale, California.[3] In California, he partnered with real estate agent, John A. Sobrato, and pooling their owned capital, founded Midtown Realty.[3] In 1979, they re-focused their business on building industrial campuses for the tech industry.[3]

Investments[edit]

Berg acquired Mission West Properties Real Estate Investment Trust in 1997 and sold it to realty developer Divco West in December 2012 for $1.3 billion.[1] He is one of the principals of Berg & Berg Enterprises, LLC. His technology investments include the consulting firm International Network Services, which he bought from Lucent Technologies in 2002. He is also a major investor and board member of Valence Technologies and Summit Semiconductor, and is on the board of directors of LynuxWorks.

Personal life[edit]

He is married with one daughter and resides in Atherton, California.

References[edit]