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  • “Homeless Billionaire” Nicolas Berggruen Becomes Honorary Seoul Citizen

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    Founder and president of Berggruen Holdings, Nicolas Berggruen, often referred to as the “homeless billionaire,” became an honorary Seoul citizen on October 29, 2015.

    Berggruen was named one of the world’s wealthiest people by the Financial Times. Living in hotels around the world rather than in a home of his own, he is more interested in philosophy, politics, and social reform than in investment.

    The Berggruen Institute, a think tank he founded with an investment of USD 100 million, first set out to address governance issues in the state of California, but is now a think tank for world leaders, such as former United States Secretary of State Condoleezza Rice, former Chancellor of Germany Gerhard Schröder, and Google Chairman Eric Schmidt.

    Recently, Mayor Park Won Soon and Nicolas Berggruen met for the third time. This latest meeting was held during Berggruen’s visit to Seoul on his way to China for the 21st Century Council, a global governance consultation forum, in November.

    Mayor Park Won Soon said, “Berggruen’s visit to Seoul will be an important milestone in the forging a relationship between the Berggruen Institute, the world renowned think tank, and Seoul Metropolitan Government. I look forward to participating in an in-depth panel discussion with Berggruen on the future of governance for better administration.”