Founder and President of BlackRock Inc., Robert S Kapito was born in New York City on February 8, 1957. He attended the Wharton School of the University of Pennsylvania and earned a BS in economics and MBA. He worked for First Boston after graduating from Wharton, where he met future business partner Laurence D. Fink. In addition to BlackRock, Kapito is president of the Hope & Heroes Children’s Cancer Fund, a nonprofit arts organization. He is also a member of the Board of Trustees of the University of Pennsylvania, and a member of the executive education faculty at the Harvard Business School. He was also honored with the Joseph Wharton Leadership Award in 2009.
Kapito has been the president of the New York Stock Exchange since 2003. Before that, he was a member of BlackRock, where he served as Head of Trading, Vice President of Mortgage-Backed Security Products Group, and Vice President of Advisory Services. He also worked with private companies in Europe. He earned a reputation as an aggressive fan. He also worked as a strategic consultant with Bain & Co. In 2010, he was awarded the Gustave L. Levy Award from the United Jewish Appeal Federation of New York for his donations. He also has been awarded the Semper Fidelis Award from the Marine Corps-Law Enforcement Foundation.
Robert S Kapito started his career with First Boston in 1979 after graduating from the Wharton School of the University of Penn. He returned to work in the Mortgage Products Group in 1983. Before founding BlackRock, he was a member of the Public Finance Department of the company. He earned a BS in economics from Wharton and an MBA from Harvard Business School. His net worth is estimated at $484,987,244 as of July 25, 2022.
Robert S Kapito earned a total of $26,750,780 as president of Blackrock Inc., which is one of the largest celebrity cashouts in history. This figure represents the sale of 88,799 units of Blackrock stock, as of April 17, 2020. He also sold 37,588 units of Blackrock stock, as of July 25, 2022, which is worth $23,788,693.
In addition to his salary, Kapito also earned $207,537,821 as an insider. He was named the CEO of BlackRock in 2009, and received the Joseph Wharton Leadership Award in 2009. He also served on the board of the University of Pennsylvania and the Board of Trustees of the Joseph H. Lookstein Ramaz School. He has been a member of the Harvard Business School Board of Dean’s Advisors and the Harvard Kennedy School’s Executive Education Faculty. He is also president of the Periwinkle Theatre for Youth, a national non-profit arts organization.
Robert S Kapito is one of the most versatile businessmen in America. He has been the head of nine different companies. As president of BlackRock, he is responsible for a team of more than 5,000 employees. He has also been a public speaker on best practices in investment management, and he serves on the boards of several nonprofit organizations.