Larry Fink Net Worth 2024 – Age, Bio, Wife, Height, & Career
Larry Fink has an estimated net worth of $1.2 billion.
He is the CEO and co-founder of BlackRock, one of the world’s largest investment management firms. Under his leadership, BlackRock has grown significantly, managing trillions in assets for clients around the globe.
Fink’s journey began with a focus on finance and investing. His vision helped shape modern asset management, making him a key figure in the industry. As he continues to influence markets and investment strategies, understanding his wealth offers insight into both his success and the financial world at large.
Net Worth and Income Sources
Larry Fink’s net worth varies by source with estimates ranging widely. According to Bloomberg, as of July 2024, Fink’s net worth is about $1.7 billion. However, Forbes and other outlets report his wealth to be between $1 billion and $1.2 billion for the years 2022 and 2024.
The latest estimate from GuruFocus shows Larry Fink’s net worth at least $326 million, based on SEC filings from October 2024. This figure primarily reflects the value of his BlackRock shares.
Fink earns a large part of his income through salary and bonuses. His annual earnings typically fall between $20 million and $40 million. In 2021, he received total compensation of $36 million, which included base salary, bonuses, equity incentives, and deferred equity.
These figures highlight how significant Larry Fink’s financial success is tied to both his ownership in BlackRock and his high-level executive position within the company.
Wiki Biography (Table)
| Detail | Information |
|---|---|
| Full Name | Laurence Douglas Fink |
| Birth Date | November 2, 1952 |
| Birth Place | Van Nuys, California, USA. |
| Age | 71 years old as of 2024 |
| Education | Bachelor of Arts/Science from UCLA |
| Master of Business Administration from UCLA | |
| Career Start | First Boston in 1976 |
| Profession | CEO and Co-Founder of BlackRock |
Larry Fink is a prominent figure in finance, known for his work as the CEO and co-founder of BlackRock. His educational background includes degrees from UCLA, where he studied business and economics. He began his career at First Boston in 1976, becoming one of the first traders in mortgage-backed securities.
Fink’s leadership has significantly influenced asset management and investment strategies worldwide. His age reflects decades of experience in the financial sector, making him a respected authority in the industry.
Early Life and Career
Larry Fink, born Laurence Douglas Fink on November 2, 1952, in Van Nuys, California, grew up in a Jewish family. His early years took place in the San Fernando Valley. He married his high school sweetheart, Lori Weider, in 1974. Together, they have three children.
Fink’s education laid the groundwork for his future success. He earned a Bachelor of Arts/Science degree from the University of California, Los Angeles (UCLA). Later, he completed a Master of Business Administration at UCLA’s Anderson School of Management.
Fink began his career at First Boston in 1976. He gained recognition as one of the first traders to work with mortgage-backed securities. This experience provided him with valuable insights into financial markets and investment strategies.
In 1988, Fink co-founded BlackRock. Under his leadership as CEO, BlackRock has grown to become one of the largest asset management firms globally. As of April 2022, Larry Fink’s estimated net worth stands between $1 billion and $1.2 billion, primarily due to his ownership stake in BlackRock.
His journey from a young boy in California to a leading figure in finance highlights both hard work and dedication throughout his life and career.
Business Ventures & Investments
Larry Fink co-founded BlackRock in 1988, starting as part of The Blackstone Group. After BlackRock separated from Blackstone in 1994, he continued as director and CEO. Under his leadership, the company went public in 1999. Today, BlackRock stands as the largest money management firm globally, managing over $10 trillion in assets.
Fink’s role at BlackRock significantly shapes the investment industry. His expertise in finance has influenced many modern investment strategies. As a key figure at BlackRock, he plays an essential part in decision-making for investments and finances.
His wealth mainly comes from his ownership stakes in BlackRock. He holds about 0.7% of the company’s total shares, contributing to estimates that place his net worth between $1 billion and $1.7 billion, depending on various sources.
In addition to his stake in BlackRock, Fink earns a substantial salary that includes bonuses and stock options based on the firm’s performance. His annual earnings typically range from $20 million to $40 million; for instance, total compensation reached $36 million in 2021.
Fink’s investments extend beyond just asset management; they encompass various sectors within finance and technology where he sees potential growth opportunities.
Spouse and Relationship
Larry Fink is married to Lori Weider. They met in high school and tied the knot in 1974. Their long-lasting relationship has lasted for decades, showcasing their strong bond.
Fink credits his family, especially Lori, for supporting him throughout his career. He often speaks about the importance of family in achieving success. Together, they have three children who also play a significant role in their lives.
Their partnership remains an essential part of Larry Fink’s life as he navigates his responsibilities as CEO of BlackRock while balancing family commitments.
Age, Weight, and Height
Larry Fink was born on November 2, 1952, making him 71 years old as of October 2024. There is no publicly available information regarding his weight or height.
Fink is known for being the co-founder, chairman, and CEO of BlackRock, which is the largest money-management firm in the world. BlackRock manages over $10 trillion in assets. This significant role contributes to his high profile in the finance sector.
Overall, while specific details about Larry Fink’s physical attributes are not accessible, his age and leadership at BlackRock highlight his influence in the financial industry.
Conclusion
Larry Fink’s net worth reflects not only his success in the financial sector but also his pivotal role in shaping modern asset management. With estimates ranging from $326 million to $1.7 billion, it’s clear that his wealth is closely tied to his leadership at BlackRock and its impressive growth over the years.
Beyond the numbers, Fink’s journey from a modest upbringing to becoming a respected figure in finance showcases his dedication and strategic acumen. His influence extends beyond personal wealth; it highlights how one individual can impact an entire industry while maintaining strong family values and commitments. As he continues to lead BlackRock into the future, Larry Fink remains a significant player in global finance.
Frequently Asked Questions
What is Larry Fink’s estimated net worth in 2024?
Larry Fink’s estimated net worth varies across sources. According to CelebrityNetWorth, it is about $1 billion, while GuruFocus estimates it at approximately $326 million based on his BlackRock shares. Business Insider and Forbes provide estimates ranging from $1.2 billion to $1.7 billion, with Bloomberg’s latest figure placing him around $1.7 billion as of July 2024.
How did Larry Fink become wealthy?
Larry Fink’s wealth primarily comes from his ownership stake in BlackRock, where he owns about 0.7% of the company’s total shares. Additionally, he earns a substantial salary that includes bonuses and equity incentives tied to the firm’s performance, typically ranging from $20 million to $40 million annually.
What educational background does Larry Fink have?
Larry Fink holds a Bachelor of Arts/Science and a Master of Business Administration (MBA) from UCLA. His education laid the groundwork for his successful career in finance and investment management.
What are some key milestones in Larry Fink’s career?
Larry Fink began his career at First Boston in 1976 and became known for being one of the first traders in mortgage-backed securities. He co-founded BlackRock in 1988 and led its public offering in 1999, significantly influencing modern investment strategies.
Is Larry Fink married?
Yes, Larry Fink is married to Lori Weider, whom he wed in 1974 after they met in high school. They have three children together and emphasize family values alongside their professional commitments.
How old is Larry Fink as of October 2024?
As of October 2024, Larry Fink is 71 years old. His extensive experience has established him as a prominent figure within the financial industry throughout his career.
Where was Larry Fink born?
Larry Fink was born on November 2, 1952, in Van Nuys, California. He grew up there within a Jewish family before embarking on his successful career path.
