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Just saw something wild about Larry Fink's compensation package at BlackRock. The guy made over $32 million in 2022 alone—and that's just from salary, bonus, and stock awards combined. His base pay is only $1.5 million, but when you add in the $23 million in stock awards and other benefits, it's insane.
What really got me is the CEO-to-worker pay ratio. According to AFL-CIO data, Larry Fink earns 212 times what the median BlackRock employee makes. Like, that's the kind of gap that makes you think about wealth inequality in a whole different way.
But here's where it gets crazier—his actual net worth. Larry Fink's net worth hit $1.1 billion as of last year, and most of that comes from his BlackRock holdings. He owns over 414,000 shares, which at current prices means his stake alone is worth over $315 million. That's not even counting whatever else he's got invested elsewhere.
So yeah, being a top-tier CEO definitely pays. Larry Fink's compensation structure shows how much wealth concentrates at the executive level these days. Curious if this kind of pay gap is sustainable long-term or if it'll eventually become a bigger issue.