Larry Fink – Wikipedia
In a bold move signaling its growing dominance in private markets, global asset management titan BlackRock announced on Friday a dramatic overhaul of Chairman and CEO Larry Fink’s compensation. The firm, which saw its assets soar to an astonishing $11.6 trillion last year, revealed in a U.S. Securities and Exchange Commission filing that Fink’s pay package will now include “carried interest”—a lucrative executive incentive that grants a share of the massive profits generated by alternative investments. The change underscores Fink’s pivotal role in BlackRock’s aggressive expansion into private markets, a transformation he personally spearheaded, further cementing his influence over the financial world.
“Pursuant to this allocation, Mr. Fink is entitled to receive a percentage of the carry distributions generated from a composite of BlackRock’s flagship private markets investment funds that had fundraising activity in 2024,” said Black Rock.
Founded in 1988, BlackRock manages trillions of dollars in assets for individuals, institutions, and governments around the world. This includes stocks, bonds, real estate, and other types of investments. The firm offers Investment Products: They offer a variety of investment products, including mutual funds, exchange-traded funds (ETFs) (most notably their iShares brand), and separate accounts. BlackRock also provides technology and risk management services to other financial institutions through its Aladdin platform.
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According to his official bio, Laurence D. Fink is Chairman and Chief Executive Officer of BlackRock. He and seven partners founded BlackRock in 1988, and under his leadership, the firm has grown into a global leader in investment and technology solutions. BlackRock’s mission is to help our clients build better financial futures and the firm is trusted to manage more money than any other investment company in the world.
Prior to founding BlackRock in 1988, Larry Fink was a member of the Management Committee and a Managing Director of The First Boston Corporation.
Fink is a prominent figure in the world of finance and investment, and his views on the economy and financial markets are widely followed. He is also known for his philanthropy and his involvement in various civic organizations.
