Larry Fink is the Chairman and CEO of BlackRock, the world’s largest asset management firm, overseeing approximately $11.6 trillion in assets under management as of 2024. He co-founded BlackRock in 1988 and has led the company through significant growth, including its 1999 public listing and the 2009 acquisition of Barclays Global Investors, which solidified BlackRock’s position as a global financial powerhouse.
Early Life and Education
Born on November 2, 1952, in Van Nuys, California, Fink earned a BA in Political Science from UCLA in 1974 and an MBA in Real Estate from the UCLA Anderson School of Management in 1976. He began his career at First Boston, where he became a managing director and co-head of the Taxable Fixed Income Division. A significant loss in his department in 1986 influenced his decision to focus on risk management, leading to the founding of BlackRock.
Career and Leadership at BlackRock
Under Fink’s leadership, BlackRock has expanded its services to include exchange-traded funds (ETFs) through iShares, risk management software via Aladdin, and a growing presence in private markets. The firm operates in over 30 countries and serves clients in more than 100 countries.
Fink is known for his advocacy of environmental, social, and governance (ESG) investing, emphasizing long-term sustainability in corporate strategies. His annual letters to CEOs often highlight the importance of addressing climate change, economic inequality, and diversity to achieve sustainable success.
Net Worth and Personal Life
As of mid-2025, Larry Fink’s net worth is estimated at around $1.2 billion. He has been married to his high school sweetheart, Lori Weider, since 1974, and they have three children. The Finks own properties in New York City, North Salem, New York, and Aspen, Colorado.
Influence and Public Perception
Fink’s influence extends beyond finance; he has served on various boards, including New York University and NYU Langone Medical Center. He is also involved in philanthropic efforts, particularly in education and environmental sustainability.
In recent years, Fink has faced criticism from both sides of the political spectrum. Some Republican critics have labeled BlackRock as “woke” due to its support of ESG initiatives, while some climate activists have protested the firm’s investments in fossil fuels. Despite these challenges, Fink continues to advocate for responsible investing and corporate accountability.
BlackRock’s Market Performance
BlackRock remains a dominant force in global finance, with a diverse portfolio that includes traditional investments, private equity, and sustainable assets. The company’s stock is consistently among the top-performing in its sector.
Larry Fink’s leadership has shaped BlackRock into a financial behemoth, influencing global markets and corporate governance. His commitment to long-term, sustainable investing continues to impact the financial industry and beyond.
