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Just found out Larry Fink's net worth hit $1.1 billion according to Forbes data from 2024. Wild considering he's the BlackRock CEO, not some tech founder or hedge fund guy.
What's crazy is his annual haul from BlackRock alone - we're talking $20-40 million per year. Back in 2022, he pulled in over $32.7 million in total comp. Base salary was only $1.5M, but stock awards made up like $23M of that. The AFL-CIO calculated his pay was 212 times what the median BlackRock employee made that year. That gap is insane.
He's also heavily invested in his own company - owns around 414k shares. When I did the math on that against the stock price, his position alone was worth over $315 million. So Larry Fink's wealth isn't just about salary, it's the equity stake that really matters.
Makes you think about how much of a CEO's net worth comes from company stock versus actual compensation. His situation is probably pretty common at the C-suite level though.