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2024-04-03 21:29:09

Larry Fink

American billionaire businessman and BlackRock CEO.
Larry Fink
Larry Fink
American billionaire businessman and BlackRock CEO.
Laurence Douglas Fink, born on November 2, 1952, is the co-founder, chairman, and CEO of BlackRock, the world's largest money-management firm with over US$10 trillion in assets. As of April 2022, his net worth was estimated at US$1 billion. Fink is also a board member of the Council on Foreign Relations and World Economic Forum.
1952-11-02
Laurence Douglas Fink is born
Laurence Douglas Fink, an American billionaire businessman, was born on November 2, 1952, in Van Nuys, California. He is known for being the co-founder, chairman, and CEO of BlackRock, the largest money-management firm in the world.
1974
Larry Fink Earned BA in Political Science
In 1974, Larry Fink obtained his Bachelor of Arts degree in political science from the University of California at Los Angeles (UCLA).
1976
Fink starts his career at First Boston
In 1976, Laurence Douglas Fink began his career at First Boston, a New York-based investment bank. He played a significant role in managing the firm's bond department and was one of the first mortgage-backed security traders.
1986
First Boston Loss and Departure
In 1986, Larry Fink's incorrect prediction about interest rates led to a $100 million loss in his department at First Boston, resulting in his departure from the company.
1988
Larry Fink Becomes CEO of BlackRock
Larry Fink assumed the role of CEO of BlackRock when he co-founded the company in 1988. As the CEO, he played a pivotal role in the growth and success of BlackRock to become one of the world's largest asset managers.
1994
Larry Fink's Role in BlackRock's Spin-Off
In 1994, Larry Fink was instrumental in the spin-off of BlackRock from The Blackstone Group. This strategic decision allowed BlackRock to operate independently and set the stage for its future success.
1998
BlackRock Diversification
Under Larry Fink's leadership, BlackRock diversified its services and investment strategies from fixed income to a wide range of investment products including equities, alternatives, ETFs, and crypto-backed ETFs pending approval.
1999
BlackRock Goes Public
BlackRock, the investment management firm founded by Larry Fink, went public in 1999. This marked a significant milestone in the company's history and allowed for further growth and expansion.
2003
Negotiation of Richard Grasso's Resignation
In 2003, Larry Fink helped negotiate the resignation of Richard Grasso, the CEO of the New York Stock Exchange, due to public criticism over his $190 million pay package.
2006
Merger with Merrill Lynch Investment Managers
In 2006, Larry Fink led BlackRock in merging with Merrill Lynch Investment Managers, effectively doubling BlackRock's asset management portfolio.
2016-12
Joining Donald Trump's Business Forum
In December 2016, Larry Fink joined a business forum initiated by then president-elect Donald Trump to offer strategic and policy advice on economic matters.
2018-09
Code Pink Activist Confronts Larry Fink
In September 2018, an activist from the U.S. non-profit organization Code Pink confronted Larry Fink, the CEO of BlackRock, onstage at the Yahoo Finance All Markets Summit over BlackRock's investments in weapon manufacturers.
2018-10
Cancellation of Saudi Investment Conference
After the murder of Jamal Khashoggi in October 2018, Larry Fink decided not to attend an investment conference in Saudi Arabia.
2019
Leadership in Social and Political Issues
In his 2019 letter, Larry Fink emphasized the need for companies and CEOs to take the lead in addressing social and political challenges when governments fall short.
2020
Focus on Environmental Sustainability
In his 2020 annual letter, Larry Fink declared environmental sustainability as a central objective for BlackRock's future investments, highlighting the impact of climate on the economy.
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Larry Fink

American billionaire businessman and BlackRock CEO.
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