Our Haute 100 list details the accomplishments of the most influential people in each of our markets—Miami, New York, Los Angeles, and San Francisco. These people continue to make moves, so rather than waiting for the next Haute 100 issue to come out, we thought we’d provide you with regular updates on those Haute 100 members who are making headlines. Check back daily for more info on the most powerful people in your city. Today, Carl Berg is using his resources to save lives.
Company: Mission West Properties
Industry: Real Estate
What Made Him Haute: Berg, chairman and CEO of Mission West Properties, bought the real estate investment trust in 1997, which now manages 8 million square feet across 100 properties. He unsuccessfully tried to sell in 2007 for $1.8 billion before the real estate market collapsed. He is also a venture capitalist, one of the billionaire principals of Berg & Berg Enterprises and Berg & Berg Developers, and his résumé of tech industry investments includes names like MoSys Inc, Valence Technologies, Focus Enhancements, LynuxWorks and Hancock Fabrics Inc.
What Makes Him Haute Now: Though Carl Berg’s net worth may have declined a bit in the past few years from $1.8 billion to $1.3 billion, there is no denying that fortune is on his side. As of recently, Berg has been focusing this fortune on cancer treatments by investing millions of dollars in medical research company Cytotech.