Carl Edwin Berg (born 1938) is an American businessman,

real estate investor Real estate investing involves purchasing, owning, managing, renting, or selling real estate to generate profit or long-term wealth. A real estate investor or entrepreneur may participate actively or passively in real estate transactions. The pr ...

and

venture capitalist Venture capital (VC) is a form of private equity financing provided by firms or funds to startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in terms of number ...

. He has been included in ''

Forbes ''Forbes'' () is an American business magazine founded by B. C. Forbes in 1917. It has been owned by the Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes. The co ...

'' magazine's list of the 400 richest people in America several times, and in March 2013 his

net worth Net worth is the value of all the non-financial and financial assets owned by an individual or institution minus the value of all its outstanding liabilities. Financial assets minus outstanding liabilities equal net financial assets, so net w ...

was estimated at $1.1 billion.

Early life

Carl Berg was born and raised in

New Mexico New Mexico is a state in the Southwestern United States, Southwestern region of the United States. It is one of the Mountain States of the southern Rocky Mountains, sharing the Four Corners region with Utah, Colorado, and Arizona. It also ...

. He has one brother, Clyde Berg, also a real estate developer.

Career

Berg worked as a loan officer in Texas and then moved to California in the 1970s where he took a job running a mortgage company in

Sunnyvale Sunnyvale () is a city located in the Santa Clara Valley in northwestern Santa Clara County, California, United States. Sunnyvale lies along the historic El Camino Real and Highway 101 and is bordered by portions of San Jose to the north, ...

.Silicon Valley Business Journal: "Carl Berg a man on a mission" by Katherine Conrad
July 25, 2010 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.

Investments

Berg acquired Mission West Properties

Real Estate Investment Trust A real estate investment trust (REIT, pronounced "reet") is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of real estate, including office and apartment buildings, studios, warehouses, hos ...

in 1997, and sold it to realty developer Divco West in December 2012 for $1.3 billion. Berg has invested in more than 100 technology startups. He began by investing in companies that were tenants of his Silicon Valley office buildings, occasionally trading office space for company stock. Berg's technology investments include the consulting firm International Network Services, which he bought from

Lucent Technologies Lucent Technologies, Inc. was an American Multinational corporation, multinational telecommunications equipment company headquartered in Murray Hill, New Jersey, Murray Hill, New Jersey. It was established on September 30, 1996, through the div ...

in 2002. He is a major investor in Verifyme, Inc. He is a major investor in Valence Technologies, owning 52% of the company and serving as chairman in 2011. He has also invested in Summit Semiconductor, and is on the board of directors of

LynuxWorks Lynx Software Technologies, Inc. (formerly LynuxWorks) is a San Jose, California software company founded in 1988. Lynx specializes in secure virtualization and open, reliable, certifiable real-time operating systems (Real-time operating system, ...

. Berg is also one of the founders of Berg LLC, also known as Berg Health, a biopharma company using AI approaches. In 2014, Berg invested in the development of a new

prostate cancer Prostate cancer is the neoplasm, uncontrolled growth of cells in the prostate, a gland in the male reproductive system below the bladder. Abnormal growth of the prostate tissue is usually detected through Screening (medicine), screening tests, ...

test through BERG LLC.

Personal life

Berg is married, with one daughter, and resides in

Atherton, California Atherton ( ) is an incorporated town in San Mateo County, California, United States. Its population was 6,823 as of July 2023 estimates. The town's zoning regulations permit only one single-family home per acre in new subdivisions, though smal ...

. In 1982, Berg's wife and daughter were kidnapped, escaped unharmed, and the perpetrators were caught.

References

{{DEFAULTSORT:Berg, Carl E. 1938 births Living people 20th-century American Jews American businesspeople in real estate American venture capitalists People from Atherton, California American billionaires People from New Mexico 21st-century American Jews