Markets Business Research Reports Exclusives Economy & Finance Law & Policy

Billionaire Larry Fink Made Shareholders Rich Too Along the Way

BlackRock’s success made Larry Fink a billionaire, but the firm’s shareholders did pretty well too.

Charles Stein

(Bloomberg) -- BlackRock Inc.’s success made Larry Fink a billionaire, but the firm’s shareholders did pretty well too.

BlackRock stock has gained more than 3,600 percent since the company went public in September 1999, making it by far the best performer in the 69-member S&P 500 Financials Index. Runner-up SVB Financial Group is up almost 2,000 percent in the same period.

Fink’s personal fortune has eclipsed $1 billion, according to the Bloomberg Billionaires Index, thanks to the chief executive’s stock ownership plus dividends, share sales and compensation.

Read more: Wall Street’s $6 Trillion Man Larry Fink Is Worth $1 Billion

©2018 Bloomberg L.P.

Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
GET REGULAR UPDATES

RECOMMENDED FOR YOU

CFO Leaders: The Making Of Five Star CFOs 
timelogo Jan 14, 2021
Stocks Rise, Treasuries Fall on Stimulus Bets: Markets Wrap
timelogo Aug 19, 2019
Stocks End Record-Setting Week With Further Gains: Markets Wrap
timelogo Jul 15, 2019
The Mutual Fund Show: The Dos And Don’ts Of Online Investing
timelogo Apr 27, 2019

POPULAR

1
Stock Market Live: Nifty Hits New Record High As M&M, RIL Lead Gains
2
Sterlite Power Bags Projects Worth Rs 2,500 Crore In Q4
3
Oil Holds Drop As Mideast Cease-Fire Talks Erode Risk Premium
4
Gold Drops As Markets See Hawkish Fedspeak At US Rate Meeting
5
Stocks Pause Before Fed With Earnings Mixed: Markets Wrap