Laurence Douglas Fink is an American billionaire businessman. He is the chairman and CEO of BlackRock, an American multinational investment management corporation. BlackRock is the largest money-management firm in the world with more than $6.5 trillion in assets under management. BlackRock has 6.96 trillion dollars in assets and wide range of investments gives the firm enormous power over the global financial system. Activists and economic watchdogs have tried to get BlackRock designated as a systemically important financial institution (or SIFI), which would subject it to the highest legal standards for safety and transparency. In April 2018, Fink's net worth was $1 billion.
Early life and education
Fink was born on November 2, 1952. He grew up in a Jewish family in Van Nuys, California, where his mother was an English professor and his father owned a shoe store. He earned a BA in Political Science from UCLA in 1974. Fink is also a member of Kappa Beta Phi. He then received an MBA in Real Estate at the UCLA Anderson Graduate School of Management in 1976.
Fink has been married to his wife, Lori, since the mid-1970s. The couple own homes in Manhattan; North Salem, New York and Vail, Colorado. The couple have three children. Joshua, their eldest son, was CEO of Enso Capital, a now defunct hedge fund in which Fink had a stake. Fink is a lifelong supporter of the Democratic Party.