Larry Fink is an American billionaire businessman, and he is a co-founder, chairman and chief executive officer (CEO) of BlackRock, an American multinational investment management corporation.
Prior to founding BlackRock in 1988, Mr. Fink was a member of the Management Committee and a Managing Director of The First Boston Corporation.
Biography of Larry Fink:
Larry Fink (Laurence Douglas Fink) was born on 2 November, 1952. He grew up as one of three children in a Jewish family in Van Nuys, California, where his mother Lila was an English professor and his father Frederick owned a shoe store.
He earned a BA in political science from UCLA in 1974 and he’s also a member of Kappa Beta Phi. Larry Fink then received an MBA in real estate at the UCLA Anderson School of Management in 1976.
Career of Larry Fink:
Larry Fink started his career in 1976 at First Boston, a New York-based investment bank, where he was one of the first mortgage-backed security traders and eventually managed the firm’s bond department.
At First Boston, Fink was a member of the management committee, a managing director, and co-head of the Taxable Fixed Income Division, he also started the Financial Futures and Options Department.
Personal life of Larry Fink:
Larry has been married to his wife Lori Weider, his high-school sweetheart, since 1974. The couple has three children. Joshua, their eldest son, was CEO of Enso Capital, a now defunct hedge fund in which Fink had a stake.
Laurence Douglas Fink is a lifelong supporter of the Democratic Party.
CEO contact information
BlackRock Executive Team
- Susan Chan – Head of Asia Pacific
- Samara Cohen – Chief Investment Officer
- Stephen Cohen – Chief Product Officer
- Ed Fishwick – Chief Risk Officer
- Rob Goldstein – Chief Operating Officer
- Caroline Heller – Global Head of Human Resources
- John Kelly – Global Head of Corporate Affairs
- Chris Meade – Chief Legal Officer
- Martin Small – Chief Financial Officer
- Derek Stein – Global Head of Technology & Operations
- Mark Wiedman – Head of the Global Client Business
BlackRock is the manager of the iShares group of exchange-traded funds, and along with The Vanguard Group and State Street, it is considered to be one of the Big Three index fund managers.
Its Aladdin software keeps track of investment portfolios for many major financial institutions and its BlackRock Solutions division provides financial risk management services.
BlackRock CEO Larry Fink Net Worth
Larry Fink’s net worth is in the billions. He’s the CEO and Chairman of one of the world’s largest investment companies, BlackRock, Inc.
Laurence Douglas Fink’s net worth is an estimated $1 billion.
At the time of writing, the value of his equity in BlackRock is over $325 million.
He go from being a boy in a traditional Jewish family to owning an investment company with over $7.95 trillion in assets under management (AUM).
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Q. What Does Larry Fink Invest in?
A. Larry Fink’s personal investments are in various asset classes, including equity, debt, and alternative investments like real estate and private equity, which do add to his real estate portfolio. Fink has houses in Manhattan, Colorado, North Salem, and Vail.
Q. How long has Larry Fink been the CEO of BlackRock?
A. Larry Fink has been the CEO of BlackRock since 1988 when he co-founded it with six partners: Robert S. Kapito, Susan Wagner, Barbara Novick, Ben Golub, Hugh Frater, Ralph Schlosstein, and Keith Anderson.
Q. What is Larry Fink’s salary?
A. Laurence Douglas Fink’s salary as BlackRock’s CEO was $36 million. In 2023, BlackRock reduced Fink’s salary by 30% to $25.2 million.