Age, Biography and Wiki

Laurence D. Fink (Laurence Douglas Fink) was born on 2 November, 1952 in Los Angeles, California, United States, is an American billionaire businessman. Discover Laurence D. Fink's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is He in this year and how He spends money? Also learn how He earned most of networth at the age of 71 years old?

Popular As Laurence Douglas Fink
Occupation N/A
Age 71 years old
Zodiac Sign Scorpio
Born 2 November, 1952
Birthday 2 November
Birthplace Los Angeles, California, U.S.
Nationality United States

We recommend you to check the complete list of Famous People born on 2 November. He is a member of famous with the age 71 years old group. He one of the Richest who was born in United States.

Laurence D. Fink Height, Weight & Measurements

At 71 years old, Laurence D. Fink height not available right now. We will update Laurence D. Fink's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
Eye Color Not Available
Hair Color Not Available

Who Is Laurence D. Fink's Wife?

His wife is Lori Fink (m. 1970)

Family
Parents Not Available
Wife Lori Fink (m. 1970)
Sibling Not Available
Children Joshua Fink

Laurence D. Fink Net Worth

His net worth has been growing significantly in 2022-2023. So, how much is Laurence D. Fink worth at the age of 71 years old? Laurence D. Fink’s income source is mostly from being a successful . He is from United States. We have estimated Laurence D. Fink's net worth , money, salary, income, and assets.

Net Worth in 2023 US$1 billion (April 2018)
Salary in 2023 Under Review
Net Worth in 2022 Pending
Salary in 2022 Under Review
House Not Available
Cars Not Available
Source of Income

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Timeline

2020

In his 2020 annual open letter, Fink announced environmental sustainability as core goal for BlackRock's future investment decisions.In this letter, he explained how climate will become a driver in economics, affecting all aspects of the economy. He also divested in a separate letter (to investors) that BlackRock will be cutting ties with previous investments involving thermal coal and other investments that have a large environmental risk.

2018

In 2018, Fink was ranked #28 on the Forbes list of The World's Most Powerful People.

In his 2018 annual open letter to CEOs, he called for corporations to play an active role in improving the environment, working to better their communities, and increasing the diversity of their workforces. This has been taken as evidence of a move by Blackrock, one of the largest public investors, to proactively enforce these targets. In his 2019 open letter Fink said that companies and their CEOs must step into a leadership vacuum to tackle social and political issues when governments fail to address these issues.

After the disappearance of Jamal Khashoggi, Fink in October 2018 cancelled plans to attend an investment conference in Saudi Arabia.

In his 2018 annual letter to shareholders, Fink stated that other companies should be aware of their impact on society, however, anti-war organizations are discontent with Fink's statement, because his company, BlackRock, is the largest investor in weapon manufacturers through its U.S. Aerospace and Defense ETF. In September 2018, an activist with the U.S. non-profit organization Code Pink confronted Fink on stage at the Yahoo Finance All Markets Summit.

2016

In 2016, Fink received the ABANA Achievement Award in New York City. It recognizes an individual who exemplifies outstanding leadership in banking and finance and has a commitment to positive professional cooperation between the US and the Middle East and North Africa.

In December 2016, Fink joined a business forum assembled by then president-elect Donald Trump to provide strategic and policy advice on economic issues.

2009

In December 2009, BlackRock purchased Barclays Global Investors, at which point the company became the largest money-management firm in the world. Despite his great influence, Fink is not widely known publicly, apart from his regular appearances on CNBC. BlackRock paid Fink $23.6 million in 2010. By 2016, BlackRock had $5 trillion under management, with 12,000 employees in 27 countries.

Fink serves on the board of trustees of New York University, where he holds various chairmanships including chair of the Financial Affairs Committee. He also co-chairs the NYU Langone Medical Center board of trustees and is a trustee of the Boys and Girl's Club of New York. Fink is also on the board of the Robin Hood Foundation. Fink founded the Lori and Laurence Fink Center for Finance & Investments at UCLA Anderson in 2009, and currently serves as chairman of the board.

2003

In 2003, Fink helped to negotiate the resignation of the CEO of the New York Stock Exchange, Richard Grasso, who was widely criticized for his $190 million pay package. In 2006 Fink led the merger with Merrill Lynch Investment Managers, which doubled BlackRock's asset management portfolio. That same year, BlackRock's $5.4 billion purchase of Stuyvesant Town–Peter Cooper Village, a Manhattan housing complex, became the largest residential-real-estate deal in U.S. history. When the project ended in default, BlackRock clients lost their money, including the California Pension and Retirement System, which lost about $500 million. The U.S. government contracted with BlackRock to help clean up after the financial meltdown of 2008. Although BlackRock is widely believed to have been the best choice for the cleanup job, Fink's longstanding relationships with senior government officials have led to questions about potential conflict of interest regarding government contracts awarded without competitive bidding.

1988

In 1988, under the corporate umbrella of The Blackstone Group, Fink co-founded BlackRock and became its Director and CEO. When BlackRock split from Blackstone in 1994, Fink retained his positions, which he continued to hold after BlackRock became more independent in 1998. His other positions at the company have included Chairman of the Board, Chairman of the Executive and Leadership Committees, Chair of Corporate Council, and Co-Chair of the Global Client committee. BlackRock went public in 1999.

1986

Fink added as much as $1 billion to First Boston's bottom line. He was successful at the bank until 1986, when his department lost $100 million due to his incorrect prediction about interest rates. The experience influenced his decision to start a company that would invest clients' money while also incorporating comprehensive risk management.

1976

Fink started his career in 1976 at First Boston, a New York-based investment bank. Eventually taking charge of First Boston's bond department, Fink was instrumental in the creation and development of the mortgage-backed security market in the United States. At First Boston, Fink was a member of the Management Committee, a Managing Director, and co-head of the Taxable Fixed Income Division; he also started the Financial Futures and Options Department, and headed the Mortgage and Real Estate Products Group.

1970

Fink has been married to his wife, Lori, since the mid-1970s. The couple own homes in Manhattan; North Salem, New York; and Vail, Colorado. The couple have three children. Joshua, their eldest son, was CEO of Enso Capital, a now defunct hedge fund in which Fink had a stake. Fink is a lifelong supporter of the Democratic Party.

1952

Laurence Douglas Fink (born November 2, 1952) is an American billionaire businessman. He is the chairman and CEO of BlackRock, an American multinational investment management corporation. BlackRock is the largest money-management firm in the world with more than $6.5 trillion in assets under management. In April 2018, Fink's net worth was $1 billion.

Fink was born on November 2, 1952. He grew up in a Jewish family in Van Nuys, California, where his mother was an English professor and his father owned a shoe store. He earned a BA in Political Science from UCLA in 1974. Fink is also a member of Kappa Beta Phi. He then received an MBA in Real Estate at the UCLA Anderson Graduate School of Management in 1976.