The salary of the richest person in the world is…, more than salary of Elon Musk, Jeff Bezos, Bill Gates, Tim Cook, Sundar Pichai, his name is…
New Delhi: When it comes to discussing the richest person in the world, the first names that come to people’s minds are those of billionaires like Tesla CEO Elon Musk, Microsoft owner Bill Gates, and American businessman Jeff Bezos. However, there is one person in America who is even wealthier than all of them. Let’s find out who that person is and how much their salary is, which has become the center of discussions worldwide.
We are talking about Larry Fink, the Chairman and CEO of Blackrock, the world’s largest asset management firm. This firm was established in 1988 and oversees trillions of dollars in investments at a global level. Blackrock’s mission is to help customers improve their financial standing in the future. Moreover, this firm manages more money compared to any other investment company in the world. Last year, Larry Fink successfully earned 36.7 million USD (2,27,51,06,946.16 Indian Rupees), which is a 33% increase from his previous salary of 26.9 million USD.
According to a report, this asset management giant achieved record profits in 2024.
How much is Fink’s salary?
According to Fortune’s report, Fink’s base salary is $1.5 million (Rs 12,68,64,699.60), which remains unchanged. However, his cash bonus increased from $7.9 million to $10.6 million. This means CEO Fink’s total stock grant also rose from $16.4 million to $24.6 million. The company stated, ‘BlackRock has long been committed to paying for performance. BlackRock also said, ‘We value the opinions of our shareholders and expect ongoing engagement.’
According to a report by Fortune, “ISS has warned that the proxy advisory firm feels that BlackRock did not adequately respond to investors’ concerns last year. The report stated that last year only 59 percent of people approved the company’s executive compensation arrangement, which is significantly lower than the average 93 percent support BlackRock has received over the past decade.
BlackRock has stated that it has spoken with officials and investors from its 50 largest shareholders, who collectively hold about 65 percent of the company’s outstanding shares, to address concerns following last year’s voting. However, the investment firm acknowledged criticism regarding one-time stock option awards given to several officials and emphasized that no such awards were issued in 2024.
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