Net Worth: $2.9 B

LAST YEAR: 2.8

CHANGE: 4%

AGE: 62

RESIDENCE: Holmby Hills

SOURCE OF WEALTH: Private equity



THE MONEY: Berggruen, a German-American dual citizen who grew up in Paris, is an investor, philanthropist and art collector who manages his fortune through Berggruen Holdings Inc. Over the years he has specialized in buying, reviving and selling small, debt-ridden companies. Berggruen Holdings has offices in downtown Los Angeles; Berlin; Paris; Mumbai, India; Isle of Man and Istanbul, and is focused predominantly on private equity and real estate investments. The company claims it has net equity exceeding $2 billion. In the United States, its portfolio company NBP Capital finances and develops properties in Portland, Oregon; Los Angeles and Seattle, and claims a market value of $1 billion.



THE BUZZ: Berggruen owns several properties in Los Angeles, including a 1930s Holmby Hills mansion he bought in 2017 for $41 million; he also purchased a 2.2-acre neighboring property for $22.5 million. He bought the Hearst Estate in Beverly Hills for $63 million in September of 2021, as well as two of its neighboring properties for $12.3 million and $14.8 million, respectively.