Carl Berg

$1.10 B

Ranked #1268 in World

About Carl Berg

Carl Edwin Berg, an esteemed American businessman, real estate investor, and venture capitalist, has made a significant mark with a net worth of $1.1 billion as of March 2013, earning him a spot on Forbes' list of the 400 richest Americans. Born in New Mexico with a brother, Clyde Berg, also in real estate, Carl's journey began as a loan officer in Texas before venturing to California in the 1970s to establish a mortgage company. His strategic partnership with John A. Sobrato led to the creation of Midtown Realty and a pivotal shift towards developing industrial campuses for the tech industry by 1979. Berg's savvy investments span over 100 technology startups, including notable firms like International Network Services and Verifyme, Inc., alongside his significant role in co-founding Berg LLC (Berg Health), which focuses on AI-driven biopharma solutions. His personal life saw a harrowing episode in 1982 when his wife and daughter were kidnapped but fortunately escaped unharmed. Residing in Atherton, California, Berg's legacy extends beyond his business acumen to his resilience and innovation in the face of adversity.

Born

June 26, 1937

Age

88 years

Source Of Wealth

Real Estate

Industries

Real Estate

Citizenship

United States

Residence

Atherton, CA

Education

Bachelor of Arts / Science, University of New Mexico

Children

Carl Edwin Berg, an American businessman, real estate investor, and venture capitalist, was born and raised in New Mexico. He has a brother named Clyde Berg, who is also a real estate developer.

Carl Berg: Family

Carl Edwin Berg is married and has one daughter. The family resides in Atherton, California.

Carl Berg: Career Highlights

Berg worked as a loan officer in Texas before moving to California in the 1970s, where he ran a mortgage company in Sunnyvale. He later partnered with John A. Sobrato to found Midtown Realty. In 1979, they refocused their business on building industrial campuses for the tech industry.

Carl Berg: Companies

Berg is associated with the following companies:

Midtown Realty
Mission West Properties Real Estate Investment Trust
Divco West
Berg LLC (Berg Health)

Carl Berg: Major Achievements

Berg's major achievements include:

Acquiring Mission West Properties Real Estate Investment Trust in 1997 and selling it to Divco West for $1.3 billion in December 2012.
Investing in over 100 technology startups.
Trading office space for company stock with tenants of his Silicon Valley office buildings.
Co-founding Berg LLC (Berg Health), a biopharma company using AI approaches.
Investing in the development of a new prostate cancer test through BERG LLC in 2014.

Carl Berg: Awards & Achievements

Berg has been recognized for his contributions to the business world and philanthropy. Some of his awards and achievements include:

Inclusion in Forbes' list of the 400 richest people in America.
Estimated net worth of $1.1 billion in March 2013.

Carl Berg: Personal Life & Legacy

Berg's personal life has been marked by both success and challenges. In 1982, his wife and daughter were kidnapped but fortunately escaped unharmed, and the perpetrators were apprehended.

Carl Berg: Trivia

Here are some interesting facts about Carl Edwin Berg:

Berg is known for his innovative investment strategies, such as trading office space for company stock.

He is passionate about technology and has invested in numerous tech startups.
Berg is also involved in philanthropic activities and supports various charitable organizations.

Wealth History

Timeline

N/A

Carl Edwin Berg was born and raised in New Mexico.

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Carl Edwin Berg has a brother named Clyde Berg, who is also a real estate developer.

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Carl Edwin Berg worked as a loan officer in Texas.

1970s

Carl Edwin Berg moved to California and ran a mortgage company in Sunnyvale.

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Carl Edwin Berg partnered with John A. Sobrato to found Midtown Realty.

1979

Carl Edwin Berg and John A. Sobrato refocused their business on building industrial campuses for the tech industry.

1997

Carl Edwin Berg acquired Mission West Properties Real Estate Investment Trust.

December 2012

Carl Edwin Berg sold Mission West Properties Real Estate Investment Trust to Divco West for $1.3 billion.

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Carl Edwin Berg has invested in over 100 technology startups.

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Carl Edwin Berg traded office space for company stock with tenants of his Silicon Valley office buildings.

N/A

Notable investments made by Carl Edwin Berg include International Network Services, Verifyme, Inc., Valence Technologies, Summit Semiconductor, and LynuxWorks.

N/A

Carl Edwin Berg co-founded Berg LLC (Berg Health), a biopharma company using AI approaches.

2014

Carl Edwin Berg invested in the development of a new prostate cancer test through BERG LLC.

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Carl Edwin Berg is married with one daughter.

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Carl Edwin Berg resides in Atherton, California.

1982

Carl Edwin Berg's wife and daughter were kidnapped but escaped unharmed, and the perpetrators were caught.

Carl Berg : FAQs

What is Carl Berg's net worth?

As of 2013, Carl Berg's net worth was $1.10 billion.

What are Carl Berg's main sources of wealth?

Carl Berg's main source of income comes from Real Estate.

In which industry does Carl Berg primarily operate?

Carl Berg is primarily involved in the Real Estate industry.

What is Carl Berg educational background?

Carl Berg holds a Bachelor of Arts / Science from the University of New Mexico.

How old is Carl Berg?

Carl Berg is 88 years old.

How many children does Carl Berg have?

Carl Berg has 1 children.

What is the background of Carl Edwin Berg's early life?

Carl Edwin Berg was born and raised in New Mexico and has a brother named Clyde Berg, who is also a real estate developer.

Can you outline Carl Edwin Berg's career path?

Carl Edwin Berg began his career as a loan officer in Texas before moving to California in the 1970s to run a mortgage company in Sunnyvale. He later partnered with John A. Sobrato to found Midtown Realty and shifted focus to building industrial campuses for the tech industry in 1979.

What are some of Carl Edwin Berg's notable investments?

Carl Edwin Berg has made significant investments in over 100 technology startups, including International Network Services, Verifyme, Inc., Valence Technologies, Summit Semiconductor, and LynuxWorks. He also co-founded Berg LLC (Berg Health), a biopharma company using AI approaches, and invested in the development of a new prostate cancer test through BERG LLC in 2014.

What personal challenges has Carl Edwin Berg faced?

In 1982, Carl Edwin Berg's wife and daughter were kidnapped but managed to escape unharmed. The perpetrators were subsequently caught. He is married with one daughter and resides in Atherton, California.