1. Laurence Douglas Fink was born on November 2,1952 and is an American billionaire businessman.
27 Facts About Larry Fink
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Larry Fink is a co-founder, chairman and CEO of BlackRock, an American multinational investment management corporation.
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Larry Fink sits on the board of the World Economic Forum.
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Larry Fink grew up as one of three children in a Jewish family in Van Nuys, California.
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Larry Fink's mother Lila was an English professor and his father Frederick owned a shoe store.
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Larry Fink earned a BA in political science from UCLA in 1974.
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Larry Fink then received an MBA in real estate at the UCLA Anderson School of Management in 1976.
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Larry Fink started his career in 1976 at First Boston, a New York-based investment bank, where he was one of the first mortgage-backed security traders and eventually managed the firm's bond department.
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At First Boston, Larry Fink was a member of the management committee, a managing director and co-head of the Taxable Fixed Income Division.
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Larry Fink started the Financial Futures and Options Department and headed the Mortgage and Real Estate Products Group.
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Vanity Fair reported in 2010 that Larry Fink had increased First Boston's assets by about $1 billion.
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Larry Fink was successful at the bank until 1986, when his department lost $100 million due to his incorrect prediction about interest rates.
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In 1988, under the corporate umbrella of The Blackstone Group, Larry Fink co-founded BlackRock and became its director and CEO.
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When BlackRock split from Blackstone in 1994, Larry Fink retained his positions, becoming chairman in 1998 after BlackRock became independent.
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In 2003, Larry 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.
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In 2006 Larry Fink led the merger with Merrill Lynch Investment Managers, which doubled BlackRock's asset management portfolio.
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In 2016, Larry Fink aspired to becoming Hillary Clinton's Treasury Secretary.
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In 2016, Larry Fink received the ABANA Achievement Award in New York City.
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Larry Fink is on the board of trustees of New York University, where he holds various chairmanships including chair of the Financial Affairs Committee.
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Larry Fink co-chairs the NYU Langone Medical Center board of trustees, and is a trustee of the Boys and Girls Club of New York.
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In December 2016, Larry Fink joined a business forum assembled by then president-elect Donald Trump to provide strategic and policy advice on economic issues.
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Larry Fink divulged in a separate letter that BlackRock will be cutting ties with previous investments involving thermal coal and other investments that have a large environmental risk.
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Larry Fink supports the New York City Police Foundation, which is a group that provides financial support to the New York City Police Department.
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The non-profit Color of Change called on Larry Fink to divest from the NYC Police Foundation in the wake of the murder of George Floyd and subsequent nationwide protests.
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Larry Fink has been married to his wife Lori Weider, his high-school sweetheart since 1974.
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Joshua, their eldest son, was CEO of Enso Capital, a now defunct hedge fund in which Larry Fink had a stake.
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In 2022, Larry Fink was named one of the US' top "climate villains" by The Guardian due to BlackRock's profiting from deforestation.