Carl Berg
Real Estate

Carl Berg Net Worth

4 months ago

Carl Berg is a real estate titan from Silicon Valley who was born in 1938 in the United States. In December 2012, he sold the assets of his publicly traded company, Mission West, to realty developer Divco West for approximately $1.3 billion in cash, stock, and debt considerations. This allowed him to move away from the public eye and maintain a private real estate portfolio through his firm, Berg and Berg. Before his success, Berg worked night shifts as a vending machine repairman to pay his way through the University of New Mexico. In 1997, he bought Mission West, which eventually became a real estate investment trust.
Carl Berg is a member of Real Estate

Age, Biography and Wiki

Birth Year 1938
Birth Place United States
Age 85 YEARS OLD
Residence Atherton, California
Occupation real estate developer venture capitalist
Spouse(s) married
Children 1

💰 Net worth: $1.1 Billion (2024)

Carl Berg, a prominent figure in the real estate industry in the United States, is projected to have a net worth of approximately $1.1 billion in 2024. Known for his successful ventures and investments in the real estate market, Berg has amassed his wealth through strategic acquisitions and developments. With a keen eye for valuable properties and a knack for identifying lucrative opportunities, Berg has built a vast fortune over the years. His impressive net worth is a testament to his business acumen and profound influence in the real estate sector.

2010 $1.3 Billion
2011 $1.2 Billion
2012 $1.1 Billion
2013 $1.1 Billion
2018 $1.1 Billion

Biography/Timeline

1970

Carl Berg was born and raised in a Jewish family in New Mexico. He has one brother, Clyde Berg, also a real estate developer. 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. In California, he partnered with real estate agent, John A. Sobrato, and pooling their owned capital, founded Midtown Realty. In 1979, they re-focused their Business on building industrial campuses for the tech industry.

1997

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.

2002

Berg is one of the founders of Berg Health, a biopharma company using AI approaches. His 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. He is also a major investor and board member of Valence Technologies and Summit Semiconductor, and is on the board of Directors of LynuxWorks.

Some Carl Berg images

Tags 1938 births Living people American billionaires American Jews American real estate businesspeople Private equity and venture capital investors People from Atherton, California Private equity biography stubs

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Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.