BlackRock’s chief executive, Larry Fink, has officially joined the billionaire club, with his net worth now standing at $1.1 billion as of May 2024. This impressive wealth accumulation reflects not only his commanding salary but also his substantial equity stake in the investment management giant.
The Compensation Breakdown
Fink’s earnings from BlackRock place him among the world’s most handsomely compensated corporate leaders. Annual compensation typically ranges between $20 million and $40 million. During 2022, his total package reached $32.7 million, composed of a $1.5 million base salary, a $7.25 million performance bonus, stock awards valued at $23.25 million, and additional compensation totaling $725,555.
Stock Holdings Drive Wealth
The bulk of Fink’s billion-dollar fortune stems from his equity position in BlackRock. As of the company’s latest SEC filing in February 2024, Fink holds 414,146 shares. With BlackRock shares trading at $761.28, his direct holding alone represents over $315.28 million in value—a significant portion of his overall net worth.
Pay Gap Disparity
The compensation disparity between executive and worker is striking. According to AFL-CIO data from fiscal 2022, Fink’s disclosed remuneration exceeded median employee compensation by a factor of 212—meaning his pay was 212 times higher than the typical BlackRock worker. This ratio underscores the widening wealth gap in modern corporate America.
Forbes’ latest valuation confirms Larry Fink’s net worth has reached the $1.1 billion milestone, solidifying his status as one of finance’s most successful executives.
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Larry Fink's Net Worth Surges to $1.1 Billion: A Look at BlackRock's CEO Compensation
BlackRock’s chief executive, Larry Fink, has officially joined the billionaire club, with his net worth now standing at $1.1 billion as of May 2024. This impressive wealth accumulation reflects not only his commanding salary but also his substantial equity stake in the investment management giant.
The Compensation Breakdown
Fink’s earnings from BlackRock place him among the world’s most handsomely compensated corporate leaders. Annual compensation typically ranges between $20 million and $40 million. During 2022, his total package reached $32.7 million, composed of a $1.5 million base salary, a $7.25 million performance bonus, stock awards valued at $23.25 million, and additional compensation totaling $725,555.
Stock Holdings Drive Wealth
The bulk of Fink’s billion-dollar fortune stems from his equity position in BlackRock. As of the company’s latest SEC filing in February 2024, Fink holds 414,146 shares. With BlackRock shares trading at $761.28, his direct holding alone represents over $315.28 million in value—a significant portion of his overall net worth.
Pay Gap Disparity
The compensation disparity between executive and worker is striking. According to AFL-CIO data from fiscal 2022, Fink’s disclosed remuneration exceeded median employee compensation by a factor of 212—meaning his pay was 212 times higher than the typical BlackRock worker. This ratio underscores the widening wealth gap in modern corporate America.
Forbes’ latest valuation confirms Larry Fink’s net worth has reached the $1.1 billion milestone, solidifying his status as one of finance’s most successful executives.