Laurence D. Fink

Quick Facts

Full Name	Laurence D. Fink
Occupation	Politician
Date Of Birth	Nov 2, 1952(1952-11-02)
Age	72
Country	United States
Birth City	Van Nuys
Horoscope	Scorpio

Laurence D. Fink Biography

Laurence D. Fink is one of the most popular and richest Politician who was born on November 2, 1952 in Van Nuys, United States. Fink was born the 2nd of November 1952. He was raised within an ethnically Jewish family living in Van Nuys, California, where his mother was an English professor, and his father ran the shoe store. Fink graduated with a BA from the Department of Political Science in 1974 from UCLA during 1974. Fink is also an active part of Kappa Beta Phi. Fink then earned his MBA of real Estate from UCLA Anderson Graduate School of Management. UCLA Anderson Graduate School of Management in 1976.

Fink contributed as much as $1 billion to the bank’s bottom line. Fink was a success in the bank up to 1986, when the department was unable to recover $100 million because of his wrong prediction about interest rates. The incident influenced his decision to establish a company that would invest client funds while also providing complete risk management.

In 2003, Fink helped to negotiate the resignation of the CEO of the New York Stock Exchange, Richard Grasso, who was widely criticized for his $190 million pay package. In 2006 Fink led the merger with Merrill Lynch Investment Managers, which doubled BlackRock’s asset management portfolio. That same year, BlackRock’s $5.4 billion purchase of Stuyvesant Town–Peter Cooper Village, a Manhattan housing complex, became the largest residential-real- estate deal in U.S. history. When the project ended in default, BlackRock clients lost their money, including the California Pension and Retirement System, which lost about $500 million. The U.S. government contracted with BlackRock to help clean up after the financial meltdown of 2008. Although BlackRock is widely believed to have been the best choice for the cleanup job, Fink’s longstanding relationships with senior government officials have led to questions about potential conflict of interest regarding government contracts awarded without competitive bidding.

Fink serves on the board of trustees of New York University, where he holds various chairmanships including chair of the Financial Affairs Committee. He also co-chairs the NYU Langone Medical Center board of trustees and is a trustee of the Boys and Girl’s Club of New York. Fink is also on the board of the Robin Hood Foundation. Fink founded the Lori and Laurence Fink Center for Finance & Investments at UCLA Anderson in 2009, and currently serves as chairman of the board.

Fink began his career in 1976 with First Boston, a New York-based investment bank. In the end, he was in charge of the bank’s department of bonds, Fink was instrumental in the creation and growth of the market for mortgagebacked securities within the United States. In First Boston, Fink was an integral participant in the Management Committee, a Managing Director Co-Chair of the Taxable Fixed Income Division; He also founded his own Financial Futures and Options Department as well as headed the Mortgage and Real Estate Products Group.

Laurence D. Fink Net Worth

Laurence D. Fink is one of the richest Politician from United States. According to our analysis, Wikipedia, Forbes & Business Insider, Laurence D. Fink 's net worth $5 Million. (Last Update: December 11, 2023)

Laurence Douglas Fink (born November 2nd 1952) is an American billionaire businessman. Fink is Chairman and CEO of BlackRock which is an American multinational investment management company. BlackRock is the biggest money- management company in the world having over $6.5 trillion of assets under control. In April of 2018 the net worth of Fink was just $1 billion.

Fink was married to his partner, Lori in the early 1970s. The couple has properties located in Manhattan; North Salem, New York; and Vail, Colorado. The couple has three children. Joshua is their oldest son was the the CEO for Enso Capital, a now closed hedge fund that Fink held a stake. Fink is a lifetime member for his party, the Democratic Party.

In 1988, under the corporate umbrella of The Blackstone Group, Fink co-founded BlackRock and became its Director and CEO. When BlackRock split from Blackstone in 1994, Fink retained his positions, which he continued to hold after BlackRock became more independent 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, and Co-Chair of the Global Client committee. BlackRock went public in 1999.

Height, Weight & Body Measurements

Laurence D. Fink height Not available right now. Laurence weight Not Known & body measurements will update soon.

Who is Laurence D. Fink Dating?

According to our records, Laurence D. Fink married to Lori Fink. As of December 1, 2023, Laurence D. Fink’s is not dating anyone.

Relationships Record : We have no records of past relationships for Laurence D. Fink. You may help us to build the dating records for Laurence D. Fink!

After the disappearance of Jamal Khashoggi, Fink in October 2018 cancelled plans to attend an investment conference in Saudi Arabia.

Facts & Trivia

Laurence Ranked on the list of most popular Politician. Also ranked in the elit list of famous people born in United States. Laurence D. Fink celebrates birthday on November 2 of every year.

In 2018, Fink was ranked #28 on the Forbes list of The World’s Most Powerful People.

What is Larry Fink salary?

In 2020, Mr. Fink’s compensation of $29.85 million , which comprised a long-term incentive award of $14.9 million; cash, $9.5 million; deferred equity, $3.95 million; and his base salary of $1.5 million.

How powerful is BlackRock?

BlackRock oversees $10 trillion, making it the largest money manager in the world. As of December 2021, BlackRock manages a staggering $10 trillion of other people’s money. That’s more than the gross domestic product of every country in the world, except for the US and China.

How did Larry Fink get rich?

Larry Fink is the founder, CEO and chairman of powerhouse investment management firm BlackRock , one of the world’s largest asset managers. He and seven partners founded BlackRock in 1988. Originally it was part of The Blackstone Group. BlackRock was spun off from Blackstone in 1994 and went public in 1999.

Is Larry Fink a billionaire?

Larry Fink net worth: Larry Fink is an American financial executive who has a net worth of $1 billion. Larry Fink was born in Los Angeles, California in November 1952.

Who is the highest paid CEO?

EXECUTIVE NAME COMPANY (TICKER)TOTAL COMP.
1.| Patrick P. Gelsinger (INTC)| $177,905,400
2.| Tim Cook (AAPL)| $98,734,394
3.| Hock E. Tan (AVGO)| $60,703,627
4.| Satya Nadella (MSFT)| $49,858,280