Mon Apr 07 16:20:00 UTC 2025: ## BlackRock’s Top Executives Receive Significant Pay Raises Amidst Private Market Expansion

**NEW YORK, April 5** – BlackRock, the world’s largest asset manager, announced significant compensation increases for its top executives in 2024, reflecting the firm’s expansion into private investments. CEO Larry Fink received US$30.8 million, a 14% increase from the previous year. President Rob Kapito earned US$21.8 million, CFO Martin Small received US$9.5 million, and COO Rob Goldstein earned US$13.1 million.

A significant portion of Kapito’s compensation comes from a retention award tied to private market funds, which reached US$25.3 million by year-end. Fink also received additional carried interest compensation, subject to a multi-year vesting schedule, further incentivizing his continued leadership in the firm’s private market expansion.

BlackRock’s commitment to private markets is underscored by recent acquisitions totaling over US$27 billion, including Global Infrastructure Partners, data firm Preqin, and the pending acquisition of HPS Investment Partners. The company is also utilizing long-term incentive pay to retain its executive leadership team, as no successor to Fink has yet been named.

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