Larry Fink Bio | Wiki
Larry Fink (Full Name: Laurence Douglas Fink) is a popular American billionaire businessman. Currently, Larry works as the chairman and CEO of BlackRock, an American multinational investment management corporation. This multinational investment management corporation is the largest money-management firm in the world with over US$10 trillion in assets under management, offering the firm enormous power over the world financial system.
Besides, Larry sits on the boards of the Council on Foreign Relations and World Economic Forum. He began his career in 1976 at First Boston, a New York-based investment bank, where Larry was one of the first mortgage-backed security traders and finally managed the firm’s bond department. At the beginning of Boston, Larry was a member of the management committee, a managing director, as well as a co-head of the Taxable Fixed Income Division; he also began the Financial Futures and Options Department and headed the Mortgage and Real Estate Products Group.
Larry Fink Age
Larry was born on November 2, 1952, in Los Angeles, California, in the United States. He is 69 years old. Larry celebrates his birthday on November 2, every year.
Larry Fink Height
He is a man of average stature. Larry stands at a height of 5 ft 8 in (Approx 1.72 m).
Larry Fink Family
He was born in Los Angeles, California to his parents Lila and Frederick. Larry grew up one of three children in a Jewish family in Van Nuys, California, where his mother Lila (born in 1930 and died in 2012) served as an English professor and his father named Frederick (born in 1925 and died in 2013) owned a shoe store. He holds an American nationality.
Larry Fink Wife
Larry is married to his wife Lori Fink. The pair married in 1970 and own homes in Manhattan, North Salem, New York, and Vail, Colorado. Larry and his wife Lori have three children. Their eldest son named Joshua was CEO of Enso Capital and the current defunct hedge fund in which Larry had a stake.
Larry Fink Education
He received a BA in Political Science from UCLA in 1974. Larry is also a member of Kappa Beta Phi. Later on, Larry went and received an MBA in Real Estate at the UCLA Anderson Graduate School of Management in 1976.
Larry Fink BlackRock
Larry co-founded BlackRock in 1988, under the corporate umbrella of The Blackstone Group, and became its director and CEO. When BlackRock separated from Blackstone in 1994, Larry retained his positions, which he continued to hold after BlackRock became more independent in 1998. Larry’s other positions at the company have included chairman of the board, chairman of the executive and leadership committees, chair of the corporate council, as well as co-chair of the global client committee.
Larry Fink Letter
In Larry’s 2018 annual open letter to CEOs, Larry called for corporations to play an active role in improving the environment, working to better their communities, as well as increasing the diversity of their workforces. That has been taken as evidence of a move by BlackRock, one of the biggest public investors, to proactively enforce these targets. During his 2019 open letter, Larry said that companies and their CEOs must step into a leadership vacuum to tackle social and political issues when governments fail to address those issues.
In his 2020 annual open letter, Larry reported environmental sustainability as core goal for BlackRock’s future investment decisions. Over this letter, Larry explained how climate will become a driver in economics, affecting all aspects of the economy. Larry also divulged in a different letter (to investors) that BlackRock will be cutting ties with former investments involving thermal coal and other investments that have a large environmental risk.
Larry Fink House
He had a full-floor apartment at 21 East 79th Street that became sold for $12 million.
Larry Fink Letter To Shareholders
In Larry’s 2018 annual letter to shareholders, he stated that other companies should be aware of their influence on society, however, anti-war organizations are discontent with Larry’s statement, because his company, BlackRock, is the largest investor in weapon manufacturers via its U.S. Aerospace and Defense ETF. In September 2018, an activist with the U.S. non-profit organization Code Pink confronted Larry on stage at the Yahoo Finance All Markets Summit.
Larry Fink Net Worth
Larry gets his wealth from his work as a billionaire businessman who works as the chairman and CEO of BlackRock, an American multinational investment management corporation. Therefore, Larry has accumulated a decent fortune over the years. Larry’s estimated net worth is $1 billion.
How Old Is Larry Fink
Larry is a 69-year-old who was born on November 2, 1952, in Los Angeles, California, in the United States.
Who Is Larry Fink
Larry is a popular American billionaire businessman who works as the chairman and CEO of BlackRock, an American multinational investment management corporation. This multinational investment management corporation is the largest money-management firm in the world with over US$10 trillion in assets under management, offering the firm enormous power over the world financial system.