Larry Fink

$1.30 B

Ranked #2863 in World

About Larry Fink

Laurence Douglas Fink, the American billionaire co-founder, chairman, and CEO of BlackRock, the world's largest money-management firm, has a notable career trajectory and personal commitment to community involvement. Born to a Jewish family in California in 1952 and holding degrees from UCLA, Fink's journey in finance began at First Boston before launching BlackRock in 1988. Under his leadership, BlackRock expanded significantly, particularly after the 2006 Merrill Lynch merger and the 2009 Barclays Global Investors acquisition. Fink, whose net worth was estimated at $1 billion by Forbes in April 2022, also dedicates time to numerous boards including New York University's and advocates for environmental and workforce diversity improvements. Despite his success, Fink faces criticism over BlackRock's environmental impact and investments in weapon manufacturers. His personal life, marked by a long marriage and dedication to the Democratic Party, colors the profile of a complex figure in global finance. Awards like the Golden Plate and the Charles Schwab Financial Innovation Award highlight his significant contributions and controversies alike.

Born

November 02, 1952 in Los Angeles, California, U.S.

Age

73 years

Source Of Wealth

Money Management

Industries

Finance & Investments

Citizenship

United States

Residence

New York, New York

Education

Master of Business Administration, Anderson School of Management; Bachelor of Arts/Science, University of California, Los Angeles

Spouse

Lori Weider (Married: 1974)

Children

Laurence Douglas Fink, an American billionaire businessman, was born on November 2, 1952, in Van Nuys, California, to a Jewish family. His early years were spent in the San Fernando Valley, where he developed a passion for finance and investing.

Larry Fink: Family

Fink is married to his high-school sweetheart, Lori Weider, since 1974. The couple has three children together. Fink is known for his close family ties and often credits his success to the support of his family.

Larry Fink: Career Highlights

Fink's career in finance began in 1976 when he joined First Boston, a New York-based investment bank. He quickly rose through the ranks and co-founded BlackRock in 1988 under The Blackstone Group, becoming its director and CEO. When BlackRock split from Blackstone in 1994, Fink retained his positions and became chairman in 1998.

Under Fink's leadership, BlackRock experienced significant growth and success. In 2006, the company merged with Merrill Lynch Investment Managers, doubling its asset management portfolio. BlackRock went public in 1999 and became the largest money-management firm globally in 2009 after acquiring Barclays Global Investors.

Fink's expertise and leadership were recognized when he was contracted by the U.S. government to aid in the recovery efforts following the 2008 financial crisis.

Larry Fink: Companies

Fink is primarily associated with BlackRock, the world's largest money-management firm. He co-founded the company in 1988 and has served as its chairman and CEO since 1998. BlackRock is known for its extensive asset management services and has a significant impact on the global financial markets.

Larry Fink: Major Achievements

Fink's major achievements include building BlackRock into the world's largest money-management firm, with over $10 trillion in assets under management. He successfully navigated the company through the 2008 financial crisis and played a crucial role in the U.S. government's recovery efforts. Fink is also recognized for his advocacy for corporations to actively contribute to improving the environment, communities, and workforce diversity.

Larry Fink: Awards & Achievements

Fink has received numerous awards and recognitions for his contributions to the financial industry and society.

Some of his notable honors include the Golden Plate Award of the American Academy of Achievement (2007), the Appeal of Conscience Award (2015), the Americas Society Gold Medal (2015), the UCLA Medal (2016), and the Charles Schwab Financial Innovation Award (2019).

Larry Fink: Personal Life & Legacy

Fink is known for his philanthropic efforts and community involvement. He serves on the board of trustees of New York University and co-chairs the NYU Langone Medical Center board of trustees. Fink is also a trustee of the Boys and Girls Club of New York and the Robin Hood Foundation. In 2009, he founded the Lori and Laurence Fink Center for Finance & Investments at UCLA Anderson.

Fink's legacy lies in his transformative impact on the financial industry and his commitment to using finance as a force for positive change. He is a strong advocate for responsible investing and believes that corporations have a responsibility to contribute to society's well-being.

Larry Fink: Trivia

Fink is a lifelong supporter of the Democratic Party and joined a business forum assembled by then president-elect Donald Trump in December 2016. He has been criticized for BlackRock's investments in weapon manufacturers and involvement in climate change, leading to his inclusion as one of the US' top "climate villains" by The Guardian in 2022.

Wealth History

Timeline

November 2, 1952

Laurence Douglas Fink is born in Van Nuys, California, to a Jewish family.

1974

Fink earns a BA in political science from UCLA.

1976

Fink earns an MBA in real estate from UCLA Anderson School of Management and starts his career at First Boston, a New York-based investment bank.

1988

Fink co-founds BlackRock under The Blackstone Group, becomes director and CEO.

1994

BlackRock splits from Blackstone, Fink retains positions, becomes chairman in 1998.

1999

BlackRock goes public.

2006

BlackRock merges with Merrill Lynch Investment Managers, doubling its asset management portfolio.

2008

BlackRock is contracted by the U.S. government to aid recovery after the financial crisis.

2009

BlackRock becomes the largest money-management firm globally after acquiring Barclays Global Investors. Fink founds the Lori and Laurence Fink Center for Finance & Investments at UCLA Anderson.

2015

Fink receives the Appeal of Conscience Award and the Americas Society Gold Medal.

2016

Fink receives the UCLA Medal and joins a business forum assembled by then president-elect Donald Trump.

2019

Fink receives the Charles Schwab Financial Innovation Award.

2022

Fink's net worth is estimated at $1 billion (April 2022) according to Forbes. He is named one of the US' top "climate villains" by The Guardian.

Larry Fink : FAQs

What is Larry Fink's current net worth?

Larry Fink's current net worth is $1.30 billion.

What is Larry Fink's current global rank among billionaires?

Larry Fink holds the 2863rd position globally among billionaires.

What is Larry Fink's current ranking within the United States?

Larry Fink holds the 854th position in United States.

What was the change in Larry Fink's net worth compared to the previous year?

Larry Fink's net worth increased by 59.34 million dollars compared to the previous year 2025, when his net worth was 1.24 billion dollars.

What is the recent change in Larry Fink's net worth?

Larry Fink's net worth increased by 5.97 million dollars recently, a 0.46% increase, with his net worth standing at 1.30 billion dollars.

What are Larry Fink's main sources of wealth?

Larry Fink's main source of income comes from Money Management.

In which industry does Larry Fink primarily operate?

Larry Fink is primarily involved in the Finance & Investments industry.

What is Larry Fink educational background?

Larry Fink holds a Master of Business Administration from Anderson School of Management and a Bachelor of Arts/Science from the University of California from Los Angeles.

How old is Larry Fink?

Larry Fink is 73 years old.

How many children does Larry Fink have?

Larry Fink has 3 children.

Who is Laurence Douglas Fink and what is his role at BlackRock?

Laurence Douglas Fink is an American billionaire businessman, co-founder, chairman, and CEO of BlackRock, the largest money-management firm globally.

How did Laurence Fink contribute to the financial industry throughout his career?

Fink started his career at First Boston in 1976, co-founded BlackRock in 1988, and played a crucial role in its growth, including leading mergers and the company going public. He also contributed to the U.S. government's recovery efforts after the 2008 financial crisis.

What community and environmental efforts is Laurence Fink involved in?

Fink serves on various boards, including NYU and the Robin Hood Foundation, founded the Fink Center for Finance & Investments, and advocates for corporate responsibility in environmental improvement and workforce diversity.

What controversy surrounds Laurence Fink and his public honors?

Laurence Fink has been criticized for BlackRock's investments in weapon manufacturers and involvement in climate change, being named a top "climate villain" by The Guardian in 2022. Despite this, he has received several honors, including the Golden Plate Award and the UCLA Medal.