New Delhi: It is a known fact that Elon Musk, Jeff Bezos, and Bill Gates are among the most famous billionaires globally. But did you know that there is a personality who is richer than these icons in America and is yet to appear on any billionaire lists? Larry Fink, the CEO of BlackRock, oversees the world’s largest asset management firm, managing assets worth a whopping USD 7.4 trillion. As of December 2024, BlackRock boasts a market capitalization of Rs 12.808 trillion, ranking it as the 102nd most valuable company worldwide.
Companies like BlackRock invest in organisations across the globe and engage in the mutual fund business where people invest their money. According to the reports, BlackRock’s assets under management have reached a staggering USD 11.5 trillion. BlackRock’s asset management operations control a public fund pool surpassing the GDP of many nations. It is important to note that BlackRock’s valuation is nearly half of the United States’ GDP.
This immense influence has earned its CEO, Larry Fink, the moniker “the owner of half of America” for his role in managing such vast public wealth.
All You Need to Know About Larry Fink
- Larry Fink is Chairman and Chief Executive Officer of BlackRock.
- In 1988, he and along with his seven partners founded BlackRock
- Under his leadership, the firm has grown into a global leader in investment and technology solutions.
- The mission of BlackRock is to help our clients build better financial futures
- The firm is trusted to manage more money than any other investment company in the world.
- Fink was also a member of the management committee and a managing director of The First Boston Corporation.
- He serves as a member of the Board of Trustees of the World Economic Forum and is Co-Chair of the NYU Langone Medical Center Board of Trustees.
- In addition, he serves on the boards of the Museum of Modern Art and the International Rescue Committee.
- He also serves on the Advisory Board of the Tsinghua University School of Economics and Management in Beijing and on the Executive Committee of the Partnership for New York City.
- Fink earned an MBA from the University of California at Los Angeles (UCLA) in 1976 and a BA from UCLA in 1974.
Recently, Larry received the Yale Legend in Leadership Award at the Yale CEO Summit, which took place in New York on December 18. He was nominated by past award winners and confirmed by Yale faculty members.
The award was presented by Greg Fleming, President and CEO of Rockefeller Capital Management, Bob Diamond, former CEO of Barclays and founding partner and CEO of Atlas Merchant Capital, and Jane Fraser, CEO of Citi.
Summit organizer Jeffrey Sonnenfeld, senior associate dean for leadership studies at the Yale School of Management, said, “Larry Fink is an icon in the financial services industry and a true American treasure. His visionary leadership and constant innovation have transformed the global financial landscape for the betterment of all investors. Today, BlackRock helps tens of millions of American teachers, firefighters, and police officers, among many others, achieve financial freedom.
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