Larry Fink Net Worth 2024: Age, Bio, Spouse, Height, & Facts
Larry Fink’s net worth is estimated to be around $1.2 billion. He is the co-founder and CEO of BlackRock, one of the largest investment management companies in the world. Under his leadership, BlackRock has grown significantly, managing trillions in assets.
Fink’s career began in finance, and he quickly made a name for himself through his smart decisions and strong leadership skills. His influence extends beyond just money; he’s known for promoting sustainable investing practices that focus on long-term growth. As Fink continues to shape the financial landscape, many are curious about how his wealth reflects his success in this competitive industry.
Net Worth and Income Sources
Larry Fink’s net worth is estimated at $1.2 billion. This estimation comes from multiple reliable sources, showing consistency in the figures. A large part of his wealth is linked to his ownership in BlackRock, a major investment management firm.
Sources of Net Worth
Fink owns about 0.7% of BlackRock’s total shares. This equity contributes significantly to his overall net worth. Recent estimates show that the value of his equity in BlackRock stands at over $325 million.
- Salary and Bonuses: As the CEO and Chairman of BlackRock, Larry Fink receives a high level of compensation. In 2022, he earned a total of $36 million, which included:
- A base salary of $1.5 million
- A bonus totaling $11.3 million
- Equity incentives valued at $18.4 million
- Deferred equity amounting to $4.9 million
In 2023, his salary was reduced by 30%, bringing it down to around $25.2 million.
- Equity and Stock Holdings: Fink’s stock holdings are another key part of his income. As of now, the value of his shares in BlackRock exceeds $319 million.
These elements combine to create a substantial financial portfolio for Larry Fink, reflecting both his leadership role and significant stake in one of the world’s largest asset management firms.
Wiki Biography
| Category | Details |
|---|---|
| Name | Larry Fink |
| Date of Birth | November 2, 1952 |
| Place of Birth | Van Nuys, California |
| Religion | Jewish |
| Education | Bachelor’s degree in Political Science from UCLA |
| MBA in Real Estate from UCLA Anderson Graduate School | |
| Career Start | First Boston in 1976 |
| Key Role at First Boston | Pioneer in mortgage-backed security trading |
| Managed the firm’s bond department | |
| Increased profits by around $1 billion | |
| Faced a major loss due to incorrect interest rate predictions in 1986. | |
| BlackRock Co-founder Year | 1988 under The Blackstone Group |
| Public Company Status Year | Took BlackRock public in 1999 |
Larry Fink is recognized as a leading figure in finance. His career began at First Boston, where he made significant contributions to the field of mortgage-backed securities. After co-founding BlackRock, he led it to become one of the largest money management firms globally.
Early Life and Educational Background
Larry Fink was born on November 2, 1952, in Van Nuys, California. He grew up in a Jewish family that valued education and hard work.
Fink attended the University of California, Los Angeles (UCLA), where he earned a bachelor’s degree in Political Science. His interest in finance led him to pursue further studies at the same university. He obtained an MBA in Real Estate from the UCLA Anderson Graduate School of Management.
This strong educational background laid the foundation for his successful career in finance and investment management.
Professional Career
Larry Fink’s professional career began in 1976 at First Boston. He became one of the first traders for mortgage-backed securities and managed the bond department. His efforts led to significant profit increases for the firm. In 1986, he faced a loss of $100 million due to incorrect interest rate predictions, which taught him important lessons about risk management.
In 1988, Larry Fink co-founded BlackRock under The Blackstone Group. Under his leadership, BlackRock grew rapidly and became one of the largest money management firms in the world. By 1999, BlackRock went public, further expanding its reach in the financial industry.
Fink’s educational background also played a crucial role in his success. He earned a bachelor’s degree in Political Science from UCLA and later received an MBA in Real Estate from UCLA Anderson Graduate School of Management. These qualifications laid a strong foundation for his career in finance.
Today, Larry Fink is known as a key figure in investment management, influencing practices around sustainable investing and long-term growth strategies within the industry.
Age, Weight, and Height
Larry Fink was born on November 2, 1952, making him 71 years old as of 2024. His height is 5 feet 6 inches (or 1.70 meters). There is no publicly available information regarding his weight.
Spouse and Relationship Status
Larry Fink’s personal life, particularly his spouse and relationship status, lacks detailed public information. The available sources focus primarily on his professional achievements and financial success rather than his private life.
Reports do not confirm if he is currently married or in a relationship. This absence of information reflects the emphasis placed on Fink’s role as the Chairman and CEO of BlackRock, where he leads one of the largest asset management firms in the world.
While specifics about Fink’s family or romantic connections remain unclear, his dedication to his career in finance stands out prominently in discussions about him.
Social Media Profiles
| Platform | Profile Link |
|---|---|
| Larry Fink LinkedIn | |
| Larry Fink Twitter | |
| Not Available | |
| Not Available |
Larry Fink, the CEO of BlackRock, maintains a professional presence mainly on LinkedIn and Twitter. He uses these platforms to share insights about investment strategies and economic trends. As of now, he does not have official profiles on Facebook or Instagram, focusing instead on networking through more business-oriented channels.
Conclusion
Larry Fink’s journey from a young trader to the CEO of BlackRock highlights his remarkable contributions to the finance industry. His net worth reflects not only his success but also the significant impact he’s had on investment management and sustainable practices. As BlackRock continues to lead in asset management, Fink’s strategies and vision will likely shape the industry’s future. With ongoing discussions about wealth and influence in finance, Fink remains a key figure whose actions resonate far beyond his personal financial achievements.
Frequently Asked Questions
Who is Larry Fink?
Larry Fink is the co-founder and CEO of BlackRock, one of the largest money management firms globally. Born on November 2, 1952, in Van Nuys, California, he has played a significant role in shaping investment management practices.
What is Larry Fink’s net worth?
Larry Fink’s net worth is estimated at around $1.2 billion. This wealth primarily comes from his ownership of approximately 0.7% of BlackRock’s shares and other financial investments.
How much does Larry Fink earn?
Larry Fink’s annual salary typically ranges between $20 million and $40 million. In 2021, he earned a total compensation of $36 million; however, his salary was reduced by 30% in 2023 to about $25.2 million.
What are BlackRock’s assets under management?
Under Larry Fink’s leadership, BlackRock manages over $10 trillion in assets, making it the largest money management firm worldwide.
What educational background does Larry Fink have?
Larry Fink attended UCLA for his undergraduate degree in Political Science and later obtained an MBA in Real Estate from the UCLA Anderson Graduate School of Management.
How did Larry Fink start his career?
Fink began his professional career at First Boston in 1976 as one of the first traders for mortgage-backed securities before co-founding BlackRock in 1988.
Is there information about Larry Fink’s personal life?
There is limited public information regarding Larry Fink’s personal life or relationship status. He maintains focus on his professional achievements rather than sharing details about family or romance.
Which social media platforms does Larry Fink use?
Larry Fink actively engages on LinkedIn and Twitter to share insights related to investment strategies and economic trends but does not have official profiles on Facebook or Instagram.
