BlackRock Net Worth and Larry Fink’s Influences Growth 2023

Explore the Impressive Growth of BlackRock Net Worth! As of March 23, 2023, BlackRock’s networth stands at an astonishing $99.48 billion. Larry Fink’s influence has shaped the BlackRock Stock & Company investment’s success, earning a substantial base fee of $36 million in 2022. Unveil BlackRock’s strong market position, successful investment strategies, and consistent performance, delivering substantial returns for clients.”

BlackRock, a leading financial institution, announced impressive financial results for the fiscal quarter ending in March 2023, reporting a net income of $1.16 billion. The company’s strong performance highlights its continued success in the market.”

BlackRock Company Networth | BLK

  • Affiliated Managers (AMG: US) achieved a net income of $134.5 million, showcasing a substantial increase of $643.4 million compared to the previous period in March 2023.
  • Ameriprise Financial (AMP: US) reported a net income of $417 million, with a notable change of $77 million in March 2023.
  • Apollo Global Management (APO: US) displayed exceptional financial performance, recording a net income of $1.01 billion, reflecting an increase of $426 million in March 2023.
  • Artisan Partners Asset Management (APAM: US) achieved a net income of $50.8 million, with a change of $2.01 million in March 2023.
  • Bank of America (BAC: US) reported an impressive net income of $8.16 billion, experiencing a change of $1.03 billion in March 2023.

Discover BlackRock NetWorth and Larry Fink’s growing total net inflows, BlackRock, a leading global investment management company, has achieved remarkable success in recent years. Under the leadership of CEO Larry Fink, the firm has experienced substantial growth in assets under management (AUM), contributing to its impressive net worth. In this article, we will delve into BlackRock’s net worth, Larry Fink’s influence on its growth, and key financial figures from recent years.

Larry Fink, the CEO of BlackRock, has played a pivotal role in the company’s growth and success. By 2016, BlackRock had managed to accumulate $5 trillion in assets under management, a testament to Fink’s leadership and expertise. His visionary approach has propelled BlackRock to become a dominant player in the investment management industry.

Earnings and Financial Performance:
In 2022, BlackRock managed assets worth over $10.01 trillion, roughly equivalent to 40% of the US GDP. This massive AUM demonstrates the trust and confidence investors place in the company.

For the fourth quarter of 2022, BlackRock reported a revenue of USD 4,337 million, showing a slight decrease compared to the previous year. Net income for the same period was USD 1,259 million, reflecting a decline from the previous year’s figures. Basic earnings per share from continuing operations were USD 8.39 for the full year, while diluted earnings per share from continuing operations stood at USD 8.29.

Base Salary: Larry Fink’s base salary for the year was $1.5 million. This represents the fixed portion of his compensation package. Cash Incentives: Fink received $7.25 million in cash incentives. These incentives are performance-based and are typically tied to the company’s financial performance and Fink’s individual contributions.

Long-Term Incentive Awards: Fink was granted $12.7 million in long-term incentive awards. These awards are designed to align his interests with the company’s long-term success. They are typically subject to vesting conditions and may be tied to various performance metrics.

The combination of these components resulted in a total base fee of $36 million for Larry Fink in 2022. It reflects the significant responsibility he holds as the CEO of BlackRock and the value he brings to the company.

BlackRock net worth
BlackRock Net Worth and Larry Fink's Influences Growth 2023 9
Market Cap96,437,190,588
P/E Ratio18.93
Forward P/E 1 Yr.18.71
Earnings Per Share(EPS)$33.95
Annualized Dividend$20.00
Ex-Dividend DateMar 6, 2023
Dividend Pay DateMar 23, 2023
Current YieldN/A


Blackrock Inc. (BLK) NetWorth History

In 1988, a group of eight individuals (Robert S. Kapito, Susan Wagner, Barbara Novick, Ben Golub, Hugh Frater, Ralph Schlosstein, and Keith Anderson) founded BlackRock with a focus on client-centric values. Their dedication led to the development of Aladdin, a proprietary technology that revolutionized risk management and brought innovation to a larger scale. The company’s IPO on the New York Stock Exchange in 1999, with shares priced at $14, allowed BlackRock to establish relationships with global institutions, resulting in $165 billion in assets under management by the end of that year.


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Over time, BlackRock’s net worth expanded its services by forming BlackRock Solutions in 2000 and acquiring Merrill Lynch Investment Management in 2006, broadening its international presence and retail market reach. During the financial crisis, the company played a vital role as an advisor to numerous global institutions. In 2009, BlackRock further solidified its position by acquiring Barclay’s Global Investors (BGI), becoming the most significant asset manager with a worldwide workforce spanning 24 countries.

The organization’s commitment to addressing retirement challenges led to the launch of the BlackRock Retirement Solutions Group, with two-thirds of its managed assets associated with retirement funds by 2019. Blackrock CEO Larry Fink raises concerns about potential shutdowns following the collapse of Silicon Valley Bank. He also anticipates a reduction in lending by banks and foresees more stringent capital standards due to the collapse of Silicon Valley Bank.


Larry Fink Net Worth

Discover the net worth of Larry Fink, the CEO and Chairman of BlackRock, Inc., who is incredibly wealthy, with a net worth in the billions. But how did he achieve such financial success? In this article, we will explore Larry Fink’s journey from growing up in a traditional Jewish family to becoming the head of one of the largest investment companies in the world, BlackRock, Inc. With over $7.95 trillion in assets under management, we’ll also uncover the secrets behind his impressive net worth.


What is Larry Fink’s Blackrock Networth 2021, 2022

Larry Fink, the CEO and Chairman of BlackRock has a net worth of around $1 billion. Additionally, he holds equity in BlackRock which is valued at over $325 million today in 2023. BlackRock is a well-known global asset management company, led by CEO and chairman Larry Fink. It was founded in 1988 by Larry Fink and seven partners while being part of The Blackstone Group. Larry Fink, the Chairman and CEO of BlackRock, engaged in a conversation with Morgan Stanley Vice Chairman Tom Nides during the Financial Decision Makers conference in New York City.

After operating as a subsidiary of Blackstone, BlackRock became its own independent company and went public in 1999, following its separation in 1994. Currently, BlackRock manages an impressive $8.7 trillion in assets, making it one of the largest asset managers in the world. Before starting BlackRock, Larry Fink held a high-level position as managing director at The First Boston Corporation, demonstrating his extensive expertise in the financial industry.


who is Larry Fink?

larry fink networth
BlackRock Net Worth and Larry Fink's Influences Growth 2023 10

Laurence Douglas Fink, commonly known as Larry Fink, was born on November 2, 1952, in Van Nuys, California. He grew up in a traditional Jewish family with his parents, Fredrick and Lila Fink, and two siblings. Fredrick owned a shoe store, while Lila worked as an English professor.

After graduating from high school, Larry pursued a degree in political science at the University of California Los Angeles (UCLA). Following his undergraduate studies, he furthered his education at UCLA Anderson Graduate School of Management, specializing in the MBA program with a focus on Real Estate. He successfully completed his MBA degree in 1976. Further, writing about how Larry Fink made his money? let us look at his journey from college to CEO of the world’s largest fund management organization.

Larry Fink’s career at First Boston was impressive. He rose to become the firm’s managing director and played a key role in increasing their net income by over a billion dollars. However, in 1986, he made a costly mistake by wrongly predicting the movement of interest rates, causing the firm to lose $100 million. This experience made him realize the importance of managing risks when investing.

Two years later, Larry co-founded BlackRock as part of Blackstone. He quickly became the CEO and director of Blackstone. Later in 1994, BlackRock separated from the Blackstone Group, but Larry continued to serve as the CEO and director of Blackstone. After the separation, BlackRock experienced rapid growth. In 2006, it merged with Merrill Lynch Investment Managers, which doubled the amount of assets the company managed. Additionally, in 2009, BlackRock acquired Barclays Global Investors, becoming the world’s largest money management company.

Larry Fink made his money through his success in asset management, particularly as the CEO and chairman of BlackRock, a renowned global investment firm, and through his smart investment decisions and leadership skills. Fink gets paid a high salary and gets other financial benefits as the CEO and chairman of BlackRock. He also owns a lot of BlackRock’s stock, which has gone up in value over time. This has made him even richer.

Currently, Larry Fink is actively supporting sustainable businesses and believes that the next wave of successful companies, known as unicorns, will be in the green energy sector. BlackRock is expected to invest in many of these environmentally friendly companies, further boosting both the company’s growth and Larry Fink’s net worth.


Blackrock 2020 annual report & financial highlights

During the specified periods(2020 – 2021), BlackRock Inc. witnessed growth in its total Assets Under Management (AUM), which reached $8,676,680, an increase from $7,429,633 and $5,975,818 in the previous periods. The company generated revenues of $16,205, $14,539, and $14,198, and its adjusted operating income amounted to $6,284, $5,551, and $5,531. The adjusted operating margin stood at 44.9%, 43.7%, and 44.3% for each respective period.

During the first quarter, BlackRock Inc. witnessed a significant increase in assets, reaching $9.09 trillion, as individuals sought a secure haven for their deposits following the collapse of multiple US banks. The influx of funds primarily went into the firm’s cash-management funds, as stated by BlackRock in a Friday statement. Overall, the company reported net flows of $110 billion, with investors and clients contributing to bond exchange-traded funds (ETFs). Long-term investment products, encompassing mutual funds and ETFs, experienced an addition of $103 billion, surpassing the average estimate of $84.1 billion predicted by analysts in a Bloomberg survey.

In terms of net income attributable to BLK (BlackRock Inc.), according to GAAP, the figures were $4,932, $4,476, and $4,305, while the adjusted net income attributable to BLK was $5,237, $4,484, and $4,361. The diluted weighted-average common shares for the respective periods were 154.8, 157.5, and 161.9.



Blackrock Inc. (BLK) NASDAQ: BLK

ExchangeNYSE
SectorFinance
IndustryInvestment Bankers/Brokers/Service
1 Year Target$820.00
Today’s High/Low$647.82/$638.085
Share Volume290,021
Average Volume684,063
Previous Close$651.78
52 Week High/Low$788.65/$503.1236

Blackrock Price Today

With its subsidiaries, BlackRock, Inc., is a leading publicly traded investment management firm. It offers single- and multi-asset portfolios that invest in equities, fixed income, alternatives, and money market instruments. A variety of vehicles are available, including open-end and closed-end mutual funds, iShares(TM) and BlackRock exchange-traded funds, separate accounts, collective trust funds, and other pooled investment vehicles.

Additionally, BlackRock offers technology services, including Aladdin(TM), Aladdin Wealth, eFront, and Cachematrix, and advisory services and solutions to a broad base of institutional and wealth management clients.

Blackrock Historical Returns

YearAverage Stock PriceYear OpenYear HighYear LowYear CloseAnnual % Change
2023704.7372706.9055765.1723625.7700644.8800-8.34%
2022672.5541879.7974885.0951523.6724703.5201-20.37%
2021808.6202672.5466933.1664650.3309883.493229.41%
2020522.1751469.5737682.6894304.2842682.689447.20%
2019407.6129351.4106464.2781341.0872463.779930.83%
2018437.9200447.9398522.1227326.4593354.4787-21.59%
2017368.7133332.2582456.6439319.5416452.111538.18%
2016297.1653279.2334342.5932242.8685327.193914.62%
2015286.9701291.6019311.3396243.7729285.4534-2.34%
2014257.7315249.6919297.8716228.6102292.280415.70%
2013212.1189164.6075252.6214164.6075252.621457.97%
2012140.9922135.7183161.9153123.2561159.919319.83%
2011131.8606138.1626151.4166105.2796133.4497-3.61%
2010129.7079169.2602172.261199.9904138.4459-15.96%
2009121.648696.6951170.835162.9505164.733976.68%
2008128.1279146.9317158.656768.229393.2407-36.98%
2007114.4486104.1265151.517697.5587147.948545.10%
200692.263972.2800103.960171.6168101.965141.75%
200555.891349.551875.230845.944971.935142.39%
200442.785534.788950.683034.788950.519547.62%
200329.677725.723434.492525.531634.221935.91%
200226.924826.407230.260921.920825.1801-5.52%
200124.676925.563628.260620.335826.6500-0.71%
200019.429310.621730.35689.784526.8418144.33%
Blackrock Historica Annual Data Credits- (microtrends)/Blackrock Net Worth

Blackrock Current Holdings

StockCompany Name% of PortfolioShares OwnedValueChange in SharesAverage Buy PriceDate
AAPLApple Inc4.20%1.03B$ 133.73B0.88% (+8.96M)$33.47 (+378.8%)2022-12-31
MSFTMicrosoft Corp4.01%532.04M$ 127.59B2.54% (+13.20M)$79.6 (+252.5%)2022-12-31
AMZNAmazon Com Inc1.57%594.72M$ 49.96B2.16% (+12.59M)$56.09 (+75.0%)2022-12-31
UNHUnitedhealth Group Inc1.24%74.42M$ 39.45B4.31% (+3.07M)$194.26 (+145.0%)2022-12-31
GOOGLAlphabet Inc1.15%415.92M$ 36.70B1.09% (+4.47M)$46.16 (+128.4%)2022-12-31
JNJJohnson & Johnson1.10%198.80M$ 35.12B-0.55% (-1.09M)$123.93 (+23.2%)2022-12-31
GOOGAlphabet Inc1.02%364.70M$ 32.36B0.03% (+107.39k)$38.37 (+176.4%)2022-12-31
BRKBBerkshire Hathaway Inc Del1.01%104.57M$ 32.30B0.8% (+830.82k)$171.79 (+79.8%)2022-12-31
XOMExxon Mobil Corp1.01%291.19M$ 32.12B3.69% (+10.37M)$84.16 (+23.0%)2022-12-31
IVVIshares Tr0.89%73.55M$ 28.26B7.69% (+5.25M)$271.66 (+46.3%)2022-12-31
NVDANvidia Corporation0.83%179.82M$ 26.28B1.94% (+3.42M)$44.83 (+497.3%)2022-12-31
JPMJpmorgan Chase & Co0.82%194.93M$ 26.14B-1.48% (-2.94M)$89.14 (+40.1%)2022-12-31
VVisa Inc0.81%124.90M$ 25.95B1.53% (+1.89M)$95.25 (+132.1%)2022-12-31
CVXChevron Corp New0.76%135.34M$ 24.29B4.17% (+5.41M)$115.61 (+35.0%)2022-12-31
PGProcter And Gamble Co0.76%159.69M$ 24.20B-1.37% (-2.22M)$90.26 (+62.6%)2022-12-31
HDHome Depot Inc0.76%76.26M$ 24.09B6.69% (+4.78M)$154.85 (+82.8%)2022-12-31
MRKMerck & Co Inc0.75%214.73M$ 23.82B0.1% (+223.63k)$64.87 (+61.6%)2022-12-31
LLYLilly Eli & Co0.75%65.08M$ 23.81B2.75% (+1.74M)$98.5 (+241.2%)2022-12-31
PFEPfizer Inc0.71%442.87M$ 22.69B2.37% (+10.25M)$34.8 (+16.1%)2022-12-31
MAMastercard Incorporated0.71%64.60M$ 22.46B0.99% (+632.92k)$119.88 (+193.3%)2022-12-31
ABBVAbbvie Inc0.70%138.70M$ 22.41B4.32% (+5.74M)$77.59 (+103.7%)2022-12-31
TSLATesla Inc0.69%177.73M$ 21.89B3.42% (+5.87M)$87.6 (+117.4%)2022-12-31
PEPPepsico Inc0.62%110.13M$ 19.89B3.17% (+3.39M)$115.21 (+55.4%)2022-12-31
KOCoca Cola Co0.62%310.96M$ 19.78B2.98% (+9.01M)$45.21 (+34.7%)2022-12-31
METAMeta Platforms Inc0.57%151.76M$ 18.26B0.71% (+1.08M)$138.65 (+48.6%)2022-12-31
TMOThermo Fisher Scientific Inc0.53%30.79M$ 16.96B0.33% (+100.36k)$208.43 (+167.8%)2022-12-31
AVGOBroadcom Inc0.52%29.34M$ 16.41B0.32% (+92.71k)$241.8 (+163.1%)2022-12-31
CSCOCisco Sys Inc0.51%343.40M$ 16.36B-0.13% (-463.34k)$34.3 (+47.3%)2022-12-31
BACBk Of America Corp0.49%471.84M$ 15.63B-1.01% (-4.81M)$22.74 (+19.3%)2022-12-31
ABTAbbott Labs0.48%137.94M$ 15.14B3.45% (+4.60M)$53.88 (+82.0%)2022-12-31
IXUSIshares Tr0.45%249.45M$ 14.44B-4.56% (-11.91M)$58.45 (+2.5%)2022-12-31
WMTWalmart Inc0.43%97.02M$ 13.76B0.47% (+452.48k)$79.04 (+79.4%)2022-12-31
COSTCostco Whsl Corp New0.43%29.97M$ 13.68B-0.3% (-91.64k)$196.85 (+151.6%)2022-12-31
MCDMcdonalds Corp0.43%51.57M$ 13.59B3.34% (+1.67M)$138.69 (+95.6%)2022-12-31
DHRDanaher Corporation0.42%50.84M$ 13.49B5.28% (+2.55M)$116.89 (+112.3%)2022-12-31
VZVerizon Communications Inc0.41%331.03M$ 13.04B3.7% (+11.80M)$51.25 (-26.5%)2022-12-31
TXNTexas Instrs Inc0.40%77.28M$ 12.77B2.78% (+2.09M)$89.78 (+99.9%)2022-12-31
AMGNAmgen Inc0.40%48.51M$ 12.74B3.51% (+1.64M)$163.58 (+45.5%)2022-12-31
ACNAccenture Plc Ireland0.40%47.40M$ 12.65B2.24% (+1.04M)$142.45 (+90.9%)2022-12-31
BMYBristol-myers Squibb Co0.39%172.73M$ 12.43B-0.73% (-1.27M)$56.94 (+18.9%)2022-12-31
ADBEAdobe Systems Incorporated0.39%36.85M$ 12.40B0.64% (+233.45k)$170.81 (+119.5%)2022-12-31
NEENextera Energy Inc0.38%146.41M$ 12.24B2.3% (+3.29M)$35.52 (+113.1%)2022-12-31
COPConocophillips0.36%97.05M$ 11.45B0.37% (+357.77k)$50.95 (+87.3%)2022-12-31
CMCSAComcast Corp New0.36%327.38M$ 11.45B3.03% (+9.62M)$36.01 (-0.2%)2022-12-31
GILDGilead Sciences Inc0.35%131.56M$ 11.29B2.41% (+3.10M)$68.83 (+16.2%)2022-12-31
ELVElevance Health Inc0.35%21.56M$ 11.06B2.4% (+506.03k)$173.81 (+162.8%)2022-12-31
WFCWells Fargo Co New0.35%266.78M$ 11.02B1.39% (+3.65M)$52.13 (-30.5%)2022-12-31
DISDisney Walt Co0.33%120.62M$ 10.48B4.21% (+4.87M)$110.5 (-14.9%)2022-12-31
PMPhilip Morris Intl Inc0.32%102.16M$ 10.34B1.2% (+1.21M)$99.13 (-8.5%)2022-12-31
LINLinde Plc0.32%31.52M$ 10.28B-1.01% (-322.05k)$194.71 (+77.1%)2022-12-31
PLDPrologis Inc.0.32%90.77M$ 10.23B21.55% (+16.09M)$72.77 (+60.8%)2022-12-31
RTXRaytheon Technologies Corp0.32%101.15M$ 10.21B2.89% (+2.84M)$78.29 (+23.2%)2022-12-31
IBMInternational Business Machs0.32%72.34M$ 10.19B3.47% (+2.43M)$161.66 (-22.5%)2022-12-31
Blackrock Current Holdings – data credits (hedgeFollow)/Blackrock Net Worth

Blackrock Inc. (BLK) Stock, Bearish, or Bullish Buy

As from data of Blackrock Net Worth as per Technical, Sentiments & Analysts listed below.

Technical – Strong Sell
95%
Sentiments – Strong Buy
85%
Analysts – Strong Buy
65%

Blackrock news 2023

i Share by black rock

Mergers of iShares ETFs announced by BlackRock Canada – The BlackRock Asset Management Canada Limited (“BlackRock Canada”) is an indirect, wholly-owned subsidiary of BlackRock, Inc. (NYSE: BLK) has announced the exchange ratios for the merger of certain iShares exchange-traded funds… Read More

Black Rock News Today

BlackRock Retains skeptical boards about ‘material’ climate risks – InBlackrock News Today By Reuters, in spite of criticism from some U.S. politicians for its stance on energy transition, BlackRock Inc, the world’s largest asset manager, said on Thursday it will continue to push companies for details on how they treat “material” climate risk… Read More

My References Include

Yahoo Finance (https://finance.yahoo.com/)

Google Finance (https://www.google.com/finance)

Bloomberg (https://www.bloomberg.com/)

MarketWatch (https://www.marketwatch.com/)

FAQ – Blackrock Net Worth

How much is Blackrock networth 2022 ?

According to BlackRock’s full-year revenue and profits from 2019 through 2021, and 2022 as well as assets and liabilities from 2020, the most recent year for which data is available, it is worth just over $69 billion.

What is larry fink’s net worth?

Larry Fink is estimated to have a net worth of around $1 billion. A significant portion of his wealth, approximately $325 million, comes from his ownership stake in BlackRock. In 2022, Larry earned a salary of $36 million as the CEO of BlackRock. However, in 2023, his salary was reduced by 30% to $25.2 million.

Who owns Blackrock company?

Since the last update in September 2021, BlackRock is a publicly traded company, and its ownership is distributed among a large number of individual and institutional investors who hold shares of the company.

What is the real name of Larry Fink?

Laurence Fink is the real name of Larry Fink.

Who has the maximum share Hold in Blackrock?

The Vanguard Group is Blackrock’s biggest shareholder.

What was Blackrock Net Worth 2022?

The official Blackrock Net Worth is $97.4B as on March 2022 – 2023

What is Blackrock company doing?

BlackRock, a leading fiduciary, revolutionizes the world of finance with top-notch investment, advisory, and risk management solutions Empowering Global Investments and Risk Management Solutions with LarryFink.

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