Jeff Bezos’ father, Mike Bezos,79, is reportedly undertaking a “major expansion” of the family’s office, has hired a CEO, and is now on the hunt to hire a new chief investment officer to manage an estimated $40 billion, according to the Wall Street Journal.
The new chief executive, Valeria Alberola, was previously employed by Walmart heir Ben Walton and his wife, and will now head up the management of Mike Bezos’ fortune, which is larger than the entire GDPs of Iceland, Cyprus, and Zimbabwe.