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Just read: Larry Fink's wealth, the CEO of BlackRock, has grown to an impressive $1.1 billion. It's really interesting when you consider how his fortune is composed.
What’s fascinating isn’t just his annual salary of $20 to $40 million at BlackRock, but how much of it comes from stock compensation. In 2022, he earned over $32.7 million in total — of which $23.25 million was in BlackRock shares. His base salary of $1.5 million seems almost insignificant by comparison.
What particularly fascinates me: According to the last SEC filing in February 2024, Fink held over 414,000 BlackRock shares. At the then-price of $761 per share, this position alone was worth over $315 million. This shows how closely his personal wealth is tied to the company's performance.
For context: Larry Fink’s 2022 salary was 212 times the average employee’s salary at BlackRock — a ratio that highlights the enormous income disparities in the financial industry. Forbes estimated his total net worth at the beginning of 2024 to be this impressive billion. For someone who shapes the global wealth landscape so significantly, it’s a fitting scale.