Outlook Business Desk
Larry Fink, CEO of BlackRock, leads the world's largest asset management firm, managing assets worth $7.4 trillion. As of December 2024, BlackRock has a market capitalisation of Rs 12.808 trillion, ranking 102nd globally. With assets of $11.5 trillion, BlackRock controls a public fund pool greater than the GDP of many nations, nearly half of the US GDP.
Larry Fink, leading BlackRock with $7.4 trillion in assets, wields greater financial influence than Elon Musk, playing a pivotal role in shaping global markets and driving economic transformation.
Larry Fink co-founded BlackRock in 1988 with seven partners. Under his leadership, the company became a global leader in investment and technology solutions. BlackRock’s mission is to help clients build better financial futures, managing more money than any other investment firm globally.
Fink was previously a member of the management committee and a managing director at The First Boston Corporation. He holds an MBA from the University of California, Los Angeles (UCLA), earned in 1976, and a BA from UCLA in 1974.
Fink serves on the Board of Trustees of the World Economic Forum and co-chairs the NYU Langone Medical Center Board of Trustees. He is also on the boards of the Museum of Modern Art, the International Rescue Committee, and the Advisory Board of the Tsinghua University School of Economics and Management in Beijing.
Larry Fink recently received the Yale Legend in Leadership Award at the Yale CEO Summit in December 2024. The award was presented by industry leaders including Greg Fleming, Bob Diamond, and Jane Fraser.
Fink’s leadership has greatly impacted the global financial landscape, transforming it for the betterment of investors worldwide. BlackRock plays a crucial role in helping millions of American teachers, firefighters, police officers, and others achieve financial freedom.
Larry Fink has earned the moniker "owner of half of America" due to his vast influence and role in managing substantial public wealth. His visionary leadership and continuous innovation have transformed BlackRock into a powerhouse, solidifying his status as an icon in the financial services industry.