Carl Berg

About Carl Berg

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

Carl Berg Net Worth

Carl Berg was bornon 1938 in United States. Silicon Valley real estate titan Carl Berg offloaded the assets in his publicly traded Mission West in December 2012 to realty developer Divco West. That deal, worth about $1.3 billion in cash, stock and debt considerations, allowed Berg to move out of the spotlight shined on public companies. He still maintains a private real estate portfolio through his firm, Berg and Berg. A former vending machine repairman who worked night shifts to pay his way through the University of New Mexico, Berg bought real estate investment trust Mission West in 1997.
Carl Berg is a member of Real Estate

💰 Net worth: $1.1 Billion

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

Some Carl Berg images

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.