Larry Fink Net Worth, Income, Age, Height, Wife, BlackRock, Biography & Career
Larry Fink is an American businessman and the current CEO of BlackRock, Inc. Fink has accumulated substantial wealth over the course of a decades-long career in the financial sector thanks to his profitable ventures and astute investments.
Being a prominent figure in the financial industry, Larry Fink’s wealth is a testament to his knowledge and impact on world markets. In addition to establishing his status as a significant player in the financial world, his accomplishments and contributions have also made him one of the richest people in the sector.
Biography
American businessman and investor Larry Fink was born Laurence D. Fink on November 2, 1952, in Los Angeles, California. He studied political science at the University of California, Los Angeles, where he graduated with a degree. Fink afterwards attended UCLA’s Anderson School of Management to pursue a Master of Business Administration.
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| Full name | Laurence Douglas Fink |
| Date of Birth | Born on November 2, 1952 |
| Profession | Businessman |
| Gender | Male |
| Place of birth | Los Angeles, California, US |
| Education | University of California, Los Angeles (BA, MBA) |
| Marital status | Married |
| Spouse | Lori Fink |
| Nationality | American |
| Years active | 1976 – present |
Age, Height and Weight
Larry Fink was born on November 2, 1952, and as of 2024, he is 71 years old. He weighs 68 kg and stands 1.70 meters tall.
Career
Fink began working at First Boston, an investment bank located in New York, in 1976, following the completion of his graduate studies. He oversaw the company’s bond division and was among the first traders of mortgage-backed securities. Along with leading several of the company’s financial groups, he also rose to the position of managing director.
Fink contributed approximately $1 billion to First Boston’s profit margin. Up until 1986, when he lost the company $100 million as a result of his inaccurate interest rate forecasts, he was regarded as extremely successful there. He gained insight into the significance of implementing thorough risk management in subsequent investments as a result of that experience.
Larry Fink Net Worth and Salary
Larry Fink is worth one billion dollars. As the Chairman and CEO of a massive trillion-dollar company, Fink undoubtedly makes the list of the richest men in the world. Larry’s salary compensation has ranged from $20 million to $40 million in a typical recent year. Due to this, he occasionally ranks among the top 20 CEOs in the world in terms of salary. Larry, for instance, received a total compensation of $36 million in 2021.
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Larry Fink Wife
Larry got married to Lori in 1974. In addition to Colorado, they own homes in Manhattan and North Salem, New York. Their combined family size is three. Fink has been a Democrat all of his life. Fink co-chairs the NYU Langone Medical Center, has served on the board of trustees at New York University, and is a trustee of the Boys and Girls Club of New York.
BlackRock Success
BlackRock’s company began drawing more and more investors looking for consistent fees after the dot-com stock market bubble burst. By now, the company could purchase competitors with its shares as cash, so Larry Fink concentrated on acquisitions rather than just bringing on new clients. The company’s expansion was initiated in 2004 with the acquisition of State Street Research. For $375 million, BlackRock acquired the money manager.
Luxurious House
Larry Fink owns properties in Vail, Colorado, North Salem, New York, and Manhattan. He doesn’t have a single permanent home; he has multiple residences. The billionaire resides in a home with his three children and wife Lori Fink.
Conclusion
BlackRock, the largest investment management firm in the world, was founded by Larry Fink and seven other partners. In addition, he leads the executive and leadership committees, is the company’s chief executive officer, and chairs the board. The business is currently valued in the hundreds of billions of dollars, and Larry has become a billionaire as a result of the company’s success.
