‘Homeless billionaire’ becomes honorary Seoul citizen

By: Park Si-soo

Nicolas Berggruen, 54, a businessman with American and German citizenships who is widely known as the “homeless billionaire,” has become an honorary Seoul citizen.

He was awarded a certificate of honorary Seoul citizenship by Seoul Mayor Park Won-soon at Seoul City Hall Thursday. Afterward, the two had a roundtable discussion about city governance and related issues.

Berggruen is the founder and president of Berggruen Holdings, a private investment company, and the Berggruen Institute, a think tank related to governance issues.

He was nicknamed “the homeless billionaire” because he lives in hotels and does not own a home. His fortune is estimated at $1.56 billion.

“His visit to Seoul this time will help bolster the partnership between Seoul and the Berggruen Institute,” Park was quoted as saying in a press release.


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