Larry Fink: On hearing the name of the richest man in the world, we know the veterans like Alan Musk, Jeff Bezos, Mark Zuckerberg, Bill Gates. But today we are going to tell you about the American businessman, he is more rich than these personalities. They have the highest money compared to all these.

World’s largest asset management company

Here we are talking about Larry Fink, who is the CEO of Blackrock, the world’s largest asset management company. Blackrock has a wealth of US $ 7.4 trillion, making it the world’s largest financial firm. By December 2024, Blacrock’s market cap increased to Rs 12.808 trillion. According to the market cap, 102nd is the most valuable company in the world.

Why Larry’s name not included in billionaires?

Larry Fink takes full care of Blackrock’s asset management business. He is currently the chairman and CEO of this global firm. Larry and Blackrock have a huge investment in companies around the world, which has a strong hold on the global stock market. Now the question is that even after managing such a large amount of money, why is Larry Fink’s name not included in the list of billionaires?

The answer is that this amount is completely the deposited capital of the public in Larry’s hands. Larry simply works to manage it, such as in which companies to invest these money, in which market to invest. This is the reason that Blackrock has a stake in every big company in the world. Due to all this, the name of Larry Fink is not in the list of Bilinyers.

How much property does Larry have?

The Blackrock is about half of the US GDP with a US $ US $. This is the reason that Larry Fink is also called the owner of half the US. According to Forbes, in April 2022, the total assets of Larry Fink were estimated at $ 1 billion.

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Highhest paid ceo: When the richest people in the world are mentioned, we usually count the names of Allen Musk, Bill Gates and Jeff Bezos. However, today the person we are going to tell you about, he is ahead of them in terms of earnings this year. Here we are talking about Larry Fink CEO and Chairman of Blackrock.

What does the company work?

Blackrock is the world’s largest asset management company, which works to handle trillion dollars. The aim of this company made in 1988 is to help its customers in increasing money for the coming tomorrow. In 2024, this company earned a record profit, which also saw the impact on Fink’s salary.

Larry earned so much from the company in a year

Last year, Larry Fink earned $ 36.7 million (more than Rs 227 crore), which is 33 percent more than last year’s income of $ 26.9 million. According to Fortune, during this time there was no change in his salary and it remained stable at $ 1.5 million (about Rs 12.7 crore), but his cash bonus increased from $ 7.9 million to $ 10.6 million and the stock awards increased from $ 16.4 million to $ 24.6 million.

Speak on executive pay plan

Talking about this, Blackrock said, the company believes in paying the basis of performance. The company also spoke of giving importance to the opinion of its shareholders. However, not everyone is happy with this. A Fortune report has revealed that last year only 59 percent shareholders approved Blackrock’s Executive Pay Scheme, which is less than the average of the last 10 years.

The world’s top proxy adviser firm Institutional shareholder services (ISS) also criticized Blackrock for not addressing investors’ concerns properly. In response, the company said that it discussed their concerns with officers and investors representing around 65 percent of its shares. The company also said that after facing criticisms, no lump sum stock option will be given in 2024. However, despite all this, Larry Fink is one of the highest number of business leaders in the world today.

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