Billionaire Living Out of Tote Bag Amasses Fortune to Give Away

Oct. 26 (Bloomberg) -- Nicolas Berggruen can't sit still.

An hour into our interview, at the poolside restaurant of the Hotel Cipriani in Venice, Italy, the billionaire investor glances at the lunchtime crowd drifting over from their sun loungers. He fidgets. His fingers pirouette along the table edge. Polishing off a cappuccino that's heaped with mounds of whipped cream, he suggests we move.

Berggruen selects a pair of wicker sofas on a patio outside the hotel bar. “It is wagerer here, no? A little cooler,” he says. Five minutes later, he decides we are too close to a exuberant group. So we move again, this time to a table tucked discreetly into the corner of a deserted veranda on the far side of the hotel, Bloomberg Markets magazine reports in its December issue.

Berggruen, 50, lives his whole life this way, always on the move, as he seeks out companies to buy from Berlin to Bangalore to Brisbane. For the past decade, the dual American and German citizen has had no fixed home sermon. He constantly roams the world on his Gulfstream IV jet, living out of five-star hotels. Most of the time, he carries only a small tote bag containing clothes and his BlackBerry.

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