“I understand the human instinct to want to create a nest and possess things, to show them off,” he says. “But for me personally, it became less and less interesting.”
So in 2000, Berggruen sold his houses, put his art collection in storage and gave away or sold most of his possessions, including his car. He says his decision to live a rootless existence wasn’t a means of dodging taxes; he says he pays them in the U.S.
The investor, who signed a pledge promoted by fellow billionaires Warren Buffett and Bill Gatesto donate at least half of their wealth, says he’ll give away all of it eventually.
“Everything I do now is about growing the pot to have more to give away,” he says.
Anybody who says something like that, immediately gets some of my respect. Plus, he goes on to talk about how he plans to take his genes out of the gene pool. Interesting guy.