Larry Fink Net Worth in 2024 – Age, Height, Spouse, and Bio
Larry Fink’s net worth is estimated to be around $1.2 billion. He’s the CEO of BlackRock, one of the largest investment management companies in the world. Under his leadership, BlackRock has grown significantly and now manages trillions in assets.
Fink co-founded BlackRock in 1988 and has played a key role in shaping its success. Known for his strong views on corporate governance and sustainability, he influences many businesses globally. Understanding Larry Fink’s net worth offers insight into not just his personal wealth but also the impact he has on finance and investments today.
Net Worth and Income Sources
Larry Fink’s net worth is estimated to be around $1.2 billion. According to various sources, including Forbes, his net worth can vary slightly based on different financial reports. Recent estimates show that his equity in BlackRock, where he serves as CEO and Chairman, holds a significant part of this wealth.
Income Sources
Larry Fink’s income mainly comes from his work at BlackRock. The following points outline his main sources of income:
- Equity in BlackRock: He owns about 0.7% of BlackRock’s total outstanding shares. This stake is valued at over $325 million, contributing greatly to his overall net worth.
- Salary and Compensation: As the head of BlackRock, he earns a substantial salary. In recent years, Fink’s annual compensation has ranged from $20 million to $40 million. This amount includes bonuses and other forms of payment related to his role.
Understanding Larry Fink’s net worth and income sources provides insight into how he has built his wealth through leadership in one of the largest investment firms in the world.
Wiki Biography
| Category | Details |
|---|---|
| Name | Larry Fink |
| Born | November 2, 1952 |
| Birthplace | Van Nuys, California |
| Education | Bachelor’s degree in Political Science from UCLA; MBA from Harvard Business School |
| Occupation | CEO and Co-founder of BlackRock |
| Net Worth | Estimated at $1.2 billion |
| Equity in BlackRock | Over $325 million |
| Annual Compensation | Between $20 million to $40 million |
| Key Contributions | Significant influence on corporate governance and sustainability |
Larry Fink is a well-known figure in finance. He leads BlackRock, which is the largest money management firm globally. Under his leadership, BlackRock manages trillions of dollars for clients around the world. His work has major effects on how companies think about their responsibilities to the environment and society.
Fink’s education helped shape his career. After earning a degree in political science from UCLA, he continued his studies at Harvard Business School, where he earned his MBA. This education laid the groundwork for his successful career in finance.
As of now, Larry Fink’s estimated net worth stands at approximately $1.2 billion. This figure may vary slightly depending on different sources but remains close to this amount. His ownership stake in BlackRock accounts for a large part of his wealth.
Fink earns an annual salary that varies between $20 million and $40 million. This income comes not only from his role at BlackRock but also from bonuses tied to the firm’s performance.
Early Life and Education
Larry Fink was born on November 2, 1952, in Los Angeles, California. He grew up in a Jewish family and attended local schools during his childhood. Fink pursued higher education at the University of California, Los Angeles (UCLA), where he earned a Bachelor’s degree.
Fink’s academic journey continued at UCLA’s Anderson School of Management, where he obtained a Master of Business Administration (MBA). His strong educational background laid the foundation for his success in finance and investment management.
Before entering the finance industry, Fink developed important skills through his studies. These experiences prepared him for leadership roles later in his career.
Professional Journey and Career Highlights
Larry Fink’s professional journey began in 1976 at First Boston, a well-known investment bank in New York. He started as one of the first mortgage-backed security traders and quickly moved up to manage the firm’s bond department. Fink became a managing director and led several financial groups during his time there. His work was highly successful, although he faced a major challenge in 1986 when he lost the firm $100 million due to wrong predictions about interest rates.
In 1988, Larry Fink took a significant step by co-founding BlackRock, which initially operated under The Blackstone Group. BlackRock has since become the biggest money-management firm globally, responsible for managing trillions of dollars in assets. Under Fink’s leadership, BlackRock expanded its services and influence within the finance industry.
Fink’s role at BlackRock has made him an important figure in finance. His ideas on corporate governance and sustainability have helped shape how many companies operate today.
Age, Weight, Height, and Physical Attributes
Larry Fink is 71 years old. He was born on November 2, 1952, in Los Angeles, California. This information highlights his experience and longevity in the finance industry.
Information about Larry Fink’s weight or height isn’t available from reliable sources. While these physical attributes are often sought after for public figures, they do not significantly impact his role as the CEO of BlackRock.
Though specific details about personal characteristics remain unknown, Fink’s influence in the financial sector is well recognized. His leadership has shaped corporate governance and sustainability practices globally.
Spouse and Relationship Status
Larry Fink is married to Lori Fink. The couple has three children together. They share multiple homes in several locations, including North Salem, Manhattan, Colorado, and Vail. While specific details about their relationship are not widely available, they maintain a private life away from the public eye.
Social Media Profiles
| Platform | Profile Link |
|---|---|
| Larry Fink LinkedIn | |
| Larry Fink Twitter |
Larry Fink, the CEO of BlackRock, maintains an active presence on social media platforms like Twitter and LinkedIn. His Twitter account provides updates on financial trends and corporate governance discussions. On LinkedIn, Fink shares insights about investment strategies and sustainability initiatives. However, he does not have public profiles on Facebook or Instagram.
Conclusion
Larry Fink’s net worth reflects not only his financial success but also his significant influence in the finance industry. As the CEO of BlackRock, he has shaped investment management practices and corporate governance standards globally. His leadership and vision have propelled BlackRock to its status as a powerhouse in asset management.
Fink’s journey from a promising trader to a billionaire executive exemplifies resilience and innovation. His commitment to sustainability and responsible investing continues to resonate across various sectors, impacting how businesses operate today. With an impressive career spanning decades, Larry Fink remains a pivotal figure whose insights will likely shape the future of finance for years to come.
Frequently Asked Questions
What is Larry Fink’s net worth as of 2024?
Larry Fink’s net worth is estimated to be around $1.2 billion in 2024, with estimates ranging from $1.16 billion to as high as $1.7 billion according to various financial sources.
How did Larry Fink contribute to BlackRock’s growth?
As CEO and co-founder of BlackRock, Larry Fink played a crucial role in its expansion into the largest money-management firm globally, now managing trillions in assets.
What percentage of BlackRock does Larry Fink own?
Larry Fink owns approximately 0.7% of BlackRock’s total outstanding shares, which are valued at over $325 million.
What is Larry Fink’s annual income?
Larry Fink’s annual income ranges from $20 million to $40 million, including bonuses, primarily derived from his leadership position at BlackRock.
Where did Larry Fink receive his education?
Fink earned a Bachelor’s degree in Political Science and an MBA from the University of California, Los Angeles (UCLA), which laid the foundation for his finance career.
What was Larry Fink’s first job in finance?
Fick began his professional journey at First Boston in 1976, where he became one of the first mortgage-backed security traders and managed the firm’s bond department.
How old is Larry Fink currently?
Larry Fink was born on November 2, 1952, making him currently 71 years old.
Is Larry Fink active on social media?
Yes, Larry Fink is active on Twitter and LinkedIn where he shares insights about financial trends and corporate governance but does not have public profiles on Facebook or Instagram.
What can you tell me about Larry Fink’s personal life?
Larry Fink is married to Lori Fink and they have three children together. The family maintains a private lifestyle while residing across multiple homes in New York and Colorado.
