Laurence Fink Net Worth is$340 Million
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Profession: Chief Executive Officer
Date of Birth: Nov 2, 1952
Nicknames: Laurence Fink
Laurence D. Fink is the Chairman and CEO of BlackRock and has a net worth of $340 million. Laurence D. Fink has earned his net worth as the Head of First Boston's bond department, helped to develop the mortgage backed security market in the U.S., became a partner at the Blackstone private equity firm and became the CEO and chairman of the largest asset management firm in the world, BlackRock. He serves on the Board of Trustees for New York University, and NYU Hospitals Center Board of Trustees, where he is also the CEO and Co-Chairman. He was the highest paid CEO on Wall Street in 2010. He was born in New York City, New York.
Laurence D. "Larry" Fink (born 1952) is the chairman and chief executive officer of BlackRock, an American multinational investment management corporation. BlackRock is the largest money-management firm in the world.
Larry Fink grew up in Van Nuys, California, where his mother was an English professor, and his father owned a shoe store. He earned a BA in political science from the University of California, Los Angeles (UCLA) in 1974. He then received an MBA at the UCLA Anderson School of Management (then known as the UCLA Graduate School of Management) in 1976.
Fink started his career in 1976 at First Boston, a large New York-based investment bank. Eventually taking charge of First Boston's bond department, Fink was instrumental in the creation and development of the mortgage-backed security market in the United States. At First Boston, Fink was a member of the Management Committee, a Managing Director, and co-head of the Taxable Fixed Income Division; he also started the Financial Futures and Options Department, and headed the Mortgage and Real Estate Products Group.
Fink added as much as $1 billion to First Boston's bottom line, and was successful at the bank up until 1986, when his department lost $100 million due to his incorrect prediction about where interest rates were headed. Fink learned from this experience to more fully understand the risks, and he decided to start a company that would not merely invest clients' money, but would provide sophisticated risk management as well.
In 1988, Fink co-founded BlackRock under the corporate umbrella of The Blackstone Group, and became a Director and CEO of BlackRock. When BlackRock split from Blackstone in 1994, Fink retained his positions (as Director and CEO), which he continued to hold after BlackRock became a more independent corporate entity in 1998. His other positions at the company have included Chairman of the Board, Chairman of the Executive and Leadership Committees, Chair of Corporate Council,

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Laurence Fink Latest News

Trump’s Latest Order May Unleash America’s Big Banks

including J.P. Morgan Chase & Co. Chief Executive James Dimon and BlackRock Inc. CEO Laurence Fink. Here’s what President Trump said at the meeting: We expect to be cutting a lot out of Dodd-Frank, because frankly, I have so many people, friends of mine ...
Posted: February 10, 2017, 11:02 am

Can BlackRock's Larry Fink Make Snap's Voting Rights Reappear?

BlackRock Chief Executive Officer Laurence D. Fink, Letter to CEOs of S&P 500 Companies, January 23, 2017 The feedback so far about the plan of Snap Inc. (Pending:SNAP), the parent of Snapchat, to not provide voting rights to public investors at IPO ...
Posted: February 14, 2017, 10:11 am

BlackRock’s Fink Sees Business Slow Down in ‘Bipolar’ World

(Bloomberg) -- BlackRock Inc.’s Chief Executive Officer Laurence D. Fink said businesses are in a "slow down" now because of the uncertainty about whether Congress and the new administration will enact policies that energized markets after the U.S. election.
Posted: February 8, 2017, 7:09 am
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