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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Trump turns to Blackstone CEO Stephen Schwarzman to chair advisory panel on jobs with two major Democratic donors, JPMorgan Chase CEO Jamie Dimon and BlackRock Chairman/CEO Laurence Fink, to sit on the panel. Deutsche Bank cuts ties with 3,400 clients in ...
Posted: December 2, 2016, 1:24 pm

BlackRock chooses Hudson Yards for new home

BlackRock, headed by its founder, Laurence D. Fink, is the world’s largest asset manager and oversees over $5 trillion in assets. After eliminating the World Trade Center as a possible new home, BlackRock has been reported to have had talks with Related Cos.
Posted: December 1, 2016, 9:30 am

Google Firestarters 22: The Power and Perils of 'Fast' in Planning

News spreads around the world in seconds. In the words of Laurence Fink, Chairman and CEO of Blackrock: ‘We’ve created a gambling culture in which we tune out everything except the most immediate outcomes’ The culprits here include human nature ...
Posted: November 22, 2016, 9:11 am
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