Google’s co-founder Sergey Brin’s family office, Bayshore Global has appointed a new head of investment, Marie Young as its chief investment officer, a former Goldman Sachs Group Inc. analyst, now in the position of overseeing the wealth of one of the world’s most powerful billionaires.
Young is 35 years old, and she joined the Silicon Valley firm ten years ago from Goldman Sachs, where she worked as deputy CIO for the two years prior to that.
Brin on the other hand, is 48 and has a net worth of $111 billion, because of his 6 percent stake in Alphabet Inc. that is worth around $97 million. He held onto the stock for years, but finally sold more than $500 million, a substantial increase since 2016.
Bayshore doesn’t have a website and very less information has been released regarding its investments. The Sergey Brin Family Foundation had more than $2.5 billion in assets by the end of 2019, with a large portion of that in Alphabet stock, and investments in hedge funds and private equity.
“Family offices have surged in number over the past two decades alongside the rise in ultra-high net worth individuals,” said Rebecca Gooch, the senior director of research at Campden Wealth in London. “As the wealth management vehicle of choice for the affluent, family offices have rose to prominence due to their proven ability to preserve and grow wealth for current and future generations,” she added.
‘Sergey Brin’s Family Office Names Marie Young as Investment Head’- Benjamin Stupples, Bloomberg Wealth
