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Just looked into something interesting about top CEO compensation. Larry Fink, who runs BlackRock, is pulling in somewhere between 20 to 40 million annually from the company alone, which puts him in the conversation with the most heavily compensated executives out there.
Breaking down his 2022 numbers, it's pretty eye-opening. The guy received over 32.7 million in total compensation that year. We're talking base salary of 1.5 million, bonus of 7.25 million, stock awards valued at 23.25 million, plus another 725k in other comp. That's the kind of package most people can't even wrap their heads around.
Here's where it gets wild though. According to the AFL-CIO, Fink's disclosed CEO compensation was 212 times what the median BlackRock employee made in fiscal 2022. That's the wealth gap right there in one number.
As for his actual net worth, Forbes pegged Larry Fink's wealth at 1.1 billion as of May 2024. A chunk of that comes from his direct stake in BlackRock. Based on SEC filings from February 2024, he owns over 414,000 shares. At the share price that was trading around 761 dollars back then, his BlackRock position alone was worth more than 315 million. So when you look at Larry Fink's total net worth picture, you're seeing someone who's built serious wealth through both compensation and equity holdings in one of the world's largest asset management firms.
It's a good reminder of how compensation structures work at the C-suite level, especially for someone running a company that influential in global markets.