Jeff Bezos, Sergey Brin… Why So Many Billionaires Leave Their Wealth Management To Women

Mira Muhatidi, chief investment officer at the billionaire’s family office.

Nearly 90% of the world’s billionaires are men, according to Forbes. But when it comes to who they trust to manage their wealth, the gap between men and women narrows.

Not many people know that Google co-founder Sergey Brin has a family office called Bayshore Global. In January 2022, Marie Young, 35, from Goldman Sachs, was appointed Chief Investment Officer (CIO) of Bayshore Global.

Melinda Lewison, a graduate of Princeton University, has been hired to the investment arm of Bezos Expeditions, the investment firm founded by Jeff Bezos. The company’s portfolio also includes Insider and Airbnb.

Mousse Partners, a family office of Chanel with assets of 90 billion dollars (approximately 12.24 trillion yen, converted to 1 dollar = 136 yen), previously held unlisted shares in GIC, a Singaporean sovereign wealth fund. Suzi Kwon Cohen, who led the investment, is in charge of asset management.

Hedge fund billionaire Jim Simons, JB Pritzker and Tony Pritzker, sons of the founders of the Hyatt hotel chain, and founder of Walmart. The Walton family, which is said to be America’s largest wealthy, also entrusts the management of hundreds of billions of yen to women.

That is not all. According to a 2021 survey by industry publications Family Capital and Guernsey Finance, 20% of family offices globally will have a female chief investment officer or private equity officer or senior asset manager. We have a senior female investment professional with a title. Only 12.9% of senior positions at alternative asset managers are held by women, according to estimates from investment data firm Preqin.

Source: BusinessInsider

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