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Markets Magazine

Billionaire Living Out of Tote Bag Amasses Fortune to Give Away

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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.