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Just read that BlackRock's CEO Larry Fink hit a $1.1 billion net worth milestone as of last year. Pretty wild when you break down how he got there.
So his annual comp from BlackRock alone is somewhere between $20-40M. In 2022 specifically, he pulled in like $32.7M total - that's $1.5M base salary plus $7.25M bonus and then another $23M in stock awards. According to AFL-CIO data, his compensation is literally 212x what the median employee makes.
But here's the real money maker - his actual stake in BlackRock. As of early 2024, he owned over 414k shares. At current valuations that position alone is worth like $300M+. So you're looking at serious wealth accumulation just from being at the top of one of the world's biggest asset managers.
Makes you think about the wealth gap when you see one CEO's net worth hit that mark. What's your take on executive compensation at that scale?