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In the early 2000s, Berggruen was dubbed "the homeless billionaire" when he sold off his residential properties and belongings. [12] [41] At 40 years old, he did not own a house, a car, or a watch. Instead, he traveled, staying in different hotels with only a small bag of clothes and his BlackBerry.
[6] [7] The program sponsors young, emerging “thinkers”. [ 4 ] Berggruen has recruited numerous supporters and advisers of the Institute including Eric Schmidt , Reid Hoffman , Arianna Huffington , Evan Spiegel , Stephan Schwarzman , Ernesto Zedillo , Jack Dorsey , Elon Musk , and Patrick Soon-Shiong .
The introduction questions why there are so few US billionaires descended from historical wealthy people. If historical wealthy families had invested the money in the US stock market and spent at reasonable rates, even accounting for family growth, there would be many "old money" billionaires today, but there are not.
To Elon Musk, the word “homeless” is a “lie” and “a propaganda word”. “Homeless is a misnomer. It implies that someone got a little bit behind on their mortgage, and if you just gave ...
The Benioff Homelessness and Housing Initiative is a research project at the University of California, San Francisco, funded by Salesforce founder and co-CEO Marc Benioff and his wife Lynne Benioff. It was established with a $30-million donation from Benioff on May 1, 2019.
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