Bezos Family Hires Pro to Manage $40B Fortune

Mike Bezos, Jeff Bezos father, has hired Valeria Alberola, a former Walmart executive, to manage his familys fortune. This move is part of a broader trend where wealthy families are professionalizing their family offices, hiring seasoned financial professionals, and designing sophisticated compensation programs. These family offices are transforming into sophisticated investment engines, seeking direct control over investments and moving away from traditional banking services. New data shows a significant number of family offices now have non-family members in top leadership roles, especially those managing over one billion dollars. This professionalization is driven by a wave of new wealth, a younger generation of billionaires preferring direct investments, and a growing interest in club investing.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.