Just saw that Larry Fink has increased his fortune to an impressive $1.1 billion. That’s quite a different ballgame when you consider how it all came about.

At BlackRock, the CEO earns between $20 million and $40 million annually — in 2022, it was over $32.7 million. This includes base salary, bonuses, and especially stock allocations. The stock options alone were worth over $23 million at the time. There are also smaller additional benefits.

What’s particularly interesting: According to AFL-CIO, Fink earns 212 times more than an average BlackRock employee. This simply shows how wide the gap has become between CEOs and regular employees.

He holds the majority of his wealth in BlackRock shares. In the last SEC filing in February 2024, he had over 414,000 shares in his portfolio. With the then-current price of $761 per share, his stake in the company was worth over $315 million. This demonstrates how closely his wealth is tied to BlackRock’s success.

It’s fascinating to observe how such wealth is built — Larry Fink is a classic example of the combination of high salary, bonus structures, and massive stock holdings. That’s just the reality in the top management world.