Larry Fink is the founder of the world’s largest investment management company BlackRock along with seven other partners. He also serves as the CEO and chairman of the board, chairman of the executive and leadership committees, and other important positions at the company. Currently, the company is worth hundreds of billions of dollars and Larry himself has also become a billionaire owing to the success of the company. Check out some interesting details about Larry Fink’s net worth, salary, professional career, personal life, etc. from this article.
Larry Fink Net Worth 2023
|Net worth in 2023||$1 billion (est.)|
Larry Fink Personal Biography
Larry Fink was born on November 2, 1952, in Los Angeles, California, to Lila and Frederick Fink. His mother was an English professor while his father owned a shoe store. Fink grew up with two other siblings. In 1974, he earned a BA in Political Science from UCLA and then earned an MBA in Real Estate at the UCLA Anderson Graduate School of Management in 1976.
Right after completing his graduation in 1974, Larry married his high-school sweetheart Lori. The couple has three children together including Joshua Fink, who was the CEO of Enso Capital hedge fund company (now defunct). The family resides in New York and has houses in Manhattan, North Salem, New York, and Aspen Colorado.
|Full name||Laurence Douglas Fink|
|Years active||1976 – present|
|Age||Born on November 2, 1952|
|Place of birth||Los Angeles, California, US|
|Education||University of California, Los Angeles (BA, MBA)|
|Marital status||Married (1974 – present)|
|Parents||Lila Fink (mother) Frederick Fink (father)|
Larry Fink Professional Career
Larry Fink started his career as a mortgage-backed security trader with a New York-based investment bank First Boston in 1976. He later became manager of the bond department of the company and eventually a member of the management committee, as well as the managing director. Fink’s career was moving on quite successfully and he began the Financial Futures and Options Department at the firm. However, in 1986, his department lost $100 million due to his incorrect prediction about interest rates. Following this incident, Larry was inspired to start an investment company with proper risk management.
Two years later, Fink along with seven other partners, founded an investment firm BlackRock under The Blackstone Group. He became the director and CEO of this company and concurrently held several other positions as well. BlackRock split from Blackstone in 1994, became more independent in 1998, and finally went public in 1999. Larry helped the company grow through a merger with Merrill Lynch Investment Managers and the purchase of Stuyvesant Town–Peter Cooper Village in 2006. Further in 2009, BlackRock purchased Barclays Global Investors, as a result of which it became the largest money-management firm in the world.
Other Ventures & Philanthropy
Apart from BlackRock, Larry Fink has been involved with certain other big ventures as well. He serves on the board of trustees of New York University (NYU) and is also the chair of the Financial Affairs Committee at the university. In addition to this, he is also the co-chair of the Langone Medical Center board of trustees of NYU. Larry is also a trustee of the Boys and Girls Club of New York and is one of the board members of the Council on Foreign Relations and the World Economic Forum.
Larry is also the founder of the Lori and Laurence Fink Center at the UCLA Anderson School of Management. The center works to foster collaboration among university students, researchers, and practitioners. Established in 1999, the center has Larry Fink serving as its board chairman. Fink is also currently serving on the board of the Robin Hood Foundation and supports the New York City Police Foundation which provides financial support to the New York City Police Department.
BlackRock is an American multinational investment company co-founded by Larry Fink in 1988. The company helps people make safe investments after proper risk analysis and is trusted by millions. Based in New York City, the company started as a risk management and asset manager. As of December 2022, BlackRock has around $8.59 trillion in assets under management making it the world’s largest asset manager. The company has 70 offices in 30 countries, Multiple clients in 100 countries, and around 20000 employees worldwide. BlackRock is featured on the list of the Fortune 500 companies of the largest United States corporations by revenue.
Awards & Honors won by Larry Fink
Check out this list of the awards and honors in Larry Fink’s name:
- Golden Plate Award of the American Academy of Achievement (2007)
- Americas Society Gold Medal (2015)
- Appeal of Conscience Award (2015)
- UCLA Medal (2016)
- ABANA Achievement Award (2016)
- Charles Schwab Financial Innovation Award (2019)
Larry Fink on Forbes Lists
Larry Fink has been featured multiple times on Forbes Lists. Check out the list below.
- #2578 Billionaires (2022)
- #28 Powerful People (2018)
- Global Game Changers (2017)
Frequently Asked Questions
Larry Fink’s net worth in 2023 is estimated to be around $1 billion.
Larry Fink, Keith Anderson, Susan Wagner, Hugh Frater, Robert Kapito, Barbara Novick, Ben Golub, and Ralph Schlosstein
In 2022, Fink’s total compensation was estimated to be $25.2 million.
BlackRock’s total annual revenue in 2022 was around $17.87 billion.
BlackRock was formed under Blackstone in 1988 but split off from it in 1994.
The Vanguard Group, Inc.