In the years since Fink cofounded BlackRock in 1988, he has built one of the world’s most powerful asset-management firms, with $3.5 trillion under management. BlackRock’s 10,000 professionals in 27 countries manage investments for clients that include corporations, governments, pension funds, sovereign-wealth funds, unions, individuals, and other investors, making him one of the world’s most powerful voices on behalf of savers. His firm’s financial clout and risk-management innovations have made it an important player in the efforts to resolve both the 2008 global credit shock and the ongoing challenge of solving the crisis facing the European Union’s single currency.
Alongside his career at BlackRock, 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' Club of New York.
Laurence D. Fink is the Chairman and CEO of BlackRock and has a net worth of $340 million. Laurence D. Fink has earned his net worth as the Head of First Boston’s bond department, helped to develop the mortgage backed security market in the U.S., became a partner at the Blackstone private equity firm and became the CEO and chairman of the largest asset management firm in the world, BlackRock. He serves on the Board of Trustees for New York University, and NYU Hospitals Center Board of Trustees, where he is also the CEO and Co-Chairman. He was the highest paid CEO on Wall Street in 2010.