May 21, 2008

The Homeless Billionaire

Nicolas Berggruen is a most interesting investor who sold all his homes to live in hotels who eats only two meals a day, one of them chocolate.

He is about to sell his only car. Because he doesn't have children and is unmarried, he is planning to leave his fortune to a personal foundation and an art museum.

"Living in a grand environment to show myself and others that I have wealth has zero appeal," he says in an interview, standing in a hotel room in New York's Upper East Side. "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."
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"Historically, I've made my money in financials," says Mr. Berggruen, 46 years old, whose net worth is estimated at more than $3 billion. "Now, I'm investing in the real world. I'm investing in the ground, in things that will last for generations and improve people's lives."

Putting His Money Where His Values Are.

Posted by Jill Fallon at May 21, 2008 1:38 PM | Permalink
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