NEW YORK CITY, New York: BlackRock CEO Larry Fink saw his compensation rise sharply in 2025, buoyed by higher stock awards after a strong year for the asset manager.
A proxy filing showed Fink's total pay reached US$37.7 million. His compensation in 2024 was $30.8 million.
The pay package included a $1.5 million base salary and a $10.6 million bonus. The increase was boosted by a $6.5 million rise in stock awards granted to Fink.
"We're entering 2026 with elevated momentum, and we're positioned ahead of significant future opportunities," Fink said in a letter to investors.
Proxy adviser Institutional Shareholder Services last year recommended investors oppose the pay packages of top executives at the firm, including Fink, after which BlackRock said it had received 67 percent of votes cast in support of its executive pay.
BlackRock said in January its assets under management had risen to a record $14 trillion.
The asset manager blew past Wall Street profit estimates in the fourth quarter of 2025, reporting a net profit of $2.18 billion excluding some one-time charges. Its shares rose 4.5 percent in 2025 but have fallen more than 12 percent so far this year.
