BlackRock chief executive Larry Fink’s pay increased 21 per cent to $36mn last year, after the asset management group reported record profits as a tide of money flowed into its funds.
The bumper 2021 pay award for BlackRock’s 69-year-old founder includes cash and equity incentives, as well as a $1.5mn base salary.
The world’s biggest money manager recorded net inflows of $540bn last year, and surpassed $10tn in assets under management for the first time in December.
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