His father flew Germany in 1936 and founded the Heinz Berggruen museum in Berlin in 1996.
Nicolas Berggruen made circa 2 billion EUR with his investments (Hedge funds, Real Estate and other firms) after studying finance in New York.
Now he bought Karstadt (famous Germangrand magasin/large store) to rescue it from insolvency via restructuring and in order to save 25.000 jobs.
As a German-American Jew he is also investing in architectural projects in Berlin and Tel Aviv. As the son of a famous art dealer and collector he owns of course artworks of Damien Hurst, Andy Warhol and Jeff Koons.
People are gossiping that he is the great womanizer because as an 49 year old ultra rich heterosexual he is still unmarried. I think he is not the character for the Casanova game. Probably he doesn’t have the time to live a marriage and is too serious to marry a “trophy-wife”.
He doesn't own a home nor a car (thus living in hotels). He said: “...for me, possessing things is not that interesting. Living in a grand environment to show myself and others that I have wealth has zero appeal. Whatever I own is temporary, since we’re only here for a short period of time. It’s what we do and produce; it’s our actions that will last forever. That’s real value." *