Larry Fink is a financial executive from the United States who serves as the chief executive officer and chairman of the multinational investment management corporation called BlackRock. The corporation is the largest firm in the world in terms of money management with assets of over $6 trillion. Fink has been active in his career since the 1970s. He also sits on the board of many other institutes. Here is a quick summary of Larry Fink’s net worth in 2018, career and earnings.
Larry Fink Early Life
Laurence Douglas “Larry” Fink was born on 12 November 1952, in Los Angeles, California. He spent his childhood in Van Nuys, California.
After completing his high school, Fink went to the University of California in Los Angeles, where he earned his bachelor’s degree in political science in 1974. In there, he joined the Kappa Beta Phi fraternity. Following that, he went to the Anderson Graduate School of Management of the University of California, Los Angeles for his MBA in real estate.
In the mid-1970s, Larry Fink got married to his wife Lori Fink. They are the parents of three children including Joshua Fink, who is the chief executive officer of the hedge fund Enso Capital.
Fink was raised in a Jewish family. He supports the Democratic Party and is the founder of “Lori and Laurence Fink Center for Finance & Investments at UCLA Anderson”.
Larry Fink Career, Awards & Achievement
In 1976, Larry Fink was employed in the investment band called First Boston. He later took charge of the bond department of the bank and was instrumental in developing mortgage-backed security market in the USA. He has served as a member of First Boston’s Management Committee. Later, he became the managing director.
He has also co-headed the Taxable Fixed Income Division of the bank and formed the Financial Futures and Options Department. He was the head of the Real Estate Products Group of First Boston.
In 1988, Fink became the co-founder of BlackRock. He soon went on to become the CEO and director of the new company. He also serves in many other positions of the company like Chair of Corporate Council, Chairman of the Executive and Leadership Committees, and Chairman of the Board. In 1999, the company went public.
In 2006, he led in the merger of Merrill Lynch Investment Managers. In 2009, the company bought Barclays Global Investors and became the world’s largest firm in terms of money management. In 2016, the company had 12,000 employees and an under the management of $5 trillion.
Awards & Achievements
Larry Fink is a very successful financial executive who has been active in his career for over four decades. His greatest career achievement is to be the Chief Executive Officer and Chairman of BlackRock. He is very active in his profession and we can expect him to see achieve even better. He has received New York’s ABANA Achievement Award in 2016 for his outstanding leadership.
Net Worth of Larry Fink
The estimated net worth of Larry Fink is more than $1 billion. Thanks to his hard work and dedication that he is able to make this money. He has been very successful in his career right from the time when he joined First Boston. He has served in many important positions of the company. Later, he teamed up with The Blackstone Group for the formation of BlackRock. Additionally, Larry Fink serves as New York University’s board of trustees and also chairs the Financial Affairs Committee. He is a trustee of New York’s Boys and Girl’s Club.
Larry Fink is one of the most successful financial executives in the world. He is an influential person who is also involved in various community developments. In 2018, he sent an open letter, where he told corporations for playing a role in environmental improvement. He has also joined a business forum of Donald Trump in 2016 and is associated with the Robin Hood Foundation.