Carl Berg

Carl Edwin Berg
Born 1938 (age 79–80)
New Mexico
Residence Atherton, California
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]

Professional Biography

Carl Berg 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.[2] In California, he partnered with real estate agent, John A. Sobrato, and pooling their owned capital, founded Midtown Realty.[2] In 1979, they re-focused their business on building industrial campuses for the tech industry.[2]

Investments

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]

Berg has invested in more than 100 technology startups.[3] He began by investing in companies that were tenants of his Silicon Valley office buildings, occasionally trading office space for company stock.[3] Berg's technology investments include the consulting firm International Network Services, which he bought from Lucent Technologies in 2002. He is a major investor in Verifyme, Inc.[4] He is also a major investor and board member of Valence Technologies and Summit Semiconductor, and is on the board of directors of LynuxWorks.

Berg is also one of the founders of BERG LLC, also known as Berg Health, a biopharma company using AI approaches.[5][6] In 2014, Berg invested in the development of a new prostate cancer test through BERG LLC.[6]

Personal life

Carl Berg was born and raised in a Jewish family[7] in New Mexico.[2] He has one brother, Clyde Berg, also a real estate developer.[8][9] He is married with one daughter and resides in Atherton, California.[10]

In 1982, Berg's wife and daughter were kidnapped. They escaped unharmed and the perpetrators were caught.[11][12]

References

  1. 1 2 3 "#283 Carl Edwin Berg". Forbes. Retrieved 4 November 2015.
  2. 1 2 3 4 Silicon Valley Business Journal: "Carl Berg a man on a mission" by Katherine Conrad July 25, 2010
  3. 1 2 Gorham, John. "Landlord extraordinaire". Forbes. Retrieved 2018-08-16.
  4. ↑ http://www.secinfo.com/d1526c.j1ab.htm
  5. ↑ https://berghealth.com/
  6. 1 2 "Billionaire Carl Berg developing prostate cancer test". SFGate. 2014-11-01. Retrieved 2018-08-16.
  7. ↑ Silbiger, Steve The Jewish Phenomenon: Seven Keys to the Enduring Wealth of a People p. 90
  8. ↑ Mercury News: "Silicon Valley real estate magnate facing charges in suspected sexual abuse of wife" By Tracey Kaplan August 5, 2013
  9. ↑ Mercury News: "Clyde Berg abuse lawsuit: Jury decides against his ex-wife" By Tracey Kaplan March 10, 2016
  10. ↑ "Carl Berg". Forbes. Retrieved 2018-08-09.
  11. ↑ "Two men were arrested Friday for allegedly abducting the..." UPI. Retrieved 2018-08-09.
  12. ↑ "Carl Berg a `godfather' of Valley real estate". The Mercury News. 2007-07-16. Retrieved 2018-08-09.
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