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

J.P. Morgan’s Jamie Dimon May Hate Bitcoin, but He Loves Blockchain

including Mr. Dimon and BlackRock CEO Laurence Fink. But it will use technology that underpins the second-largest virtual currency behind bitcoin, Ethereum. Both cryptocurrencies have soared this year in part due to optimism about the blockchain technology ...
Posted: October 17, 2017, 4:34 am

BlackRock's (BLK) CEO Laurence Fink on Q3 2017 Results - Earnings Call Transcript

Good morning. My name is Jamie and I will be your conference facilitator today. At this time, I would like to welcome everyone to the BlackRock Incorporated Third Quarter 2017 Earnings Teleconference. Our host for today’s call will be Chairman and Chief ...
Posted: October 11, 2017, 5:30 am

BlackRock smashes Street expectations with third quarter results; closes in on US$6trn in AUM

“BlackRock’s third quarter results reflect the continued growth of our global investment and technology platform and the trusted relationships we have built with our clients,” said Laurence Fink, chairman and chief executive of BlackRock. “Our ...
Posted: October 11, 2017, 7:01 am
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