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Just looked up Larry Fink's net worth and honestly the numbers are wild. The BlackRock CEO is sitting on around $1.1 billion in wealth as of last year, but what really caught my attention is how much he actually makes annually from the company. We're talking $32.7 million in 2022 alone - that's base salary plus bonuses plus stock awards totaling over $23 million.
Breaking it down further, his base is just $1.5M with a $7.25M bonus, but the stock awards are where the real money is at. On top of that, he owns over 414k shares of BlackRock. At share prices around $761, his stake in the company alone is worth more than $315 million. Pretty insane when you think about it.
What really stood out to me though - according to AFL-CIO data, Larry Fink's compensation is literally 212 times what the median BlackRock employee makes. Like that's the kind of wealth gap that makes you pause. So yeah, larry fink's net worth might sound impressive on paper, but when you dig into how much he's actually pulling in compared to regular employees, it paints a different picture. Anyone else think these CEO pay gaps are getting out of hand?