Carl Edwin Berg (born 1938) is an American businessman, real estate investor and venture capitalist. He has been included in Forbes magazine's list of the 400 richest people in America several times, and in March 2013 his net worth was estimated at $1.1 billion.
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. In California, he partnered with real estate agent, John A. Sobrato, and pooling their owned capital, founded Midtown Realty. He began by investing in companies that were tenants of his Silicon Valley office buildings, occasionally trading office space for company stock. 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.
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 test through BERG LLC.
In 1982, Berg's wife and daughter were kidnapped, escaped unharmed, and the perpetrators were caught.