Date of Birth: November 2, 1952
Zodiac Sign: Scorpio
Biography
Laurence D. Fink, commonly known as Larry Fink, is an American businessman and the co-founder, chairman, and CEO of BlackRock, the world’s largest asset management firm. Born in Van Nuys, California, Fink has carved a significant niche for himself in the financial industry since founding BlackRock in 1988. Under his leadership, BlackRock has grown into a global powerhouse, managing trillions of dollars in assets. Fink attended UCLA, earning a BA in Political Science in 1974 and an MBA in 1976 from the UCLA Anderson School of Management. Early in his career, he worked at First Boston, where he pioneered mortgage-backed securities, a product that would later become both a boon and a bane for financial markets. Despite facing setbacks, including a significant loss on a bond trade in 1986, Fink’s resilience and vision led to the creation of BlackRock. Today, he is recognized not just for his financial acumen but also for his advocacy on issues such as climate change, corporate governance, and social responsibility.
5 Interesting Facts about Laurence D. Fink
1. Laurence D. Fink co-founded BlackRock in 1988 with an initial focus on fixed-income asset management.
2. BlackRock’s Aladdin platform, an asset, liability, debt, and derivative investment network, is one of the most advanced financial management systems in the world.
3. Fink is a prominent advocate for sustainable investing and has pushed for more corporate responsibility in addressing climate change.
4. He was listed on Forbes’ “World’s Most Powerful People” and “Forbes 400” lists multiple times.
5. Fink is known for his annual letters to CEOs, where he outlines his thoughts on the responsibilities of corporations in society.
5 Most Interesting Quotes from Laurence D. Fink
1. “Climate change has become a defining factor in companies’ long-term prospects.”
2. “Purpose is not the sole pursuit of profits but the animating force for achieving them.”
3. “Companies must benefit all of their stakeholders, including shareholders, employees, customers, and the communities in which they operate.”
4. “We need to be investing for the long term, and we need to be thinking about the long-term impacts of our actions.”
5. “In the future, companies that do not adapt to stakeholder capitalism will ultimately lose the license to operate from key stakeholders.”
Highest Net Worth Achieved
Laurence D. Fink’s highest net worth achieved is estimated to be around $1 billion.
Children
Laurence D. Fink is married to Lori Fink, and they have three children: Joshua, Rachel, and Allison.
Relevant Links
1. [Laurence D. Fink – Wikipedia](https://en.wikipedia.org/wiki/Laurence_D._Fink
2. [BlackRock – Official Website](https://www.blackrock.com
3. [Forbes Profile: Laurence Fink](https://www.forbes.com/profile/laurence-fink/
5. [UCLA Anderson School of Management](https://www.anderson.ucla.edu
