How do top financial executives like Larry Fink have less net worth than Warren Buffet, Charlie Munger, and even less than people like Elon Musk or Jeff Bezos ?
is the world's largest asset manager, with US$9.46 trillion in assets under management as of 2021.BlackRock was founded in 1988 by Larry Fink, Robert S. Kapito etc..... Larry Fink is the chairman and CEO of BlackRock for more than 30 years, and his net-worth is 1.1B$. How is that even possible ? This guy is managing the worlds biggest asset manager for more than three decades, but his net worth is 1.1B$, even if the numbers are wrong, at least his net worth should be in 11-12 digits.
Even the CEO of Vanguard, Mortimer J. Buckley makes less than 5.000.000$ per year.
When I look at the top executives of top financial firms/institutions, so many things seems off about their salaries and net worths. There should be something secret/shady about their net worth and salaries. There is no way that I will believe these guys make millions in a year instead of billions.