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Friday, May 13, 2016

Fink and Four Other Fundsters Are Money Masters

News summary by MFWire's editors

Five famous fundsters are "money masters," at least in the eyes of Forbes.

Laurence D. Fink
Chairman, Chief Executive Officer
The magazine just released its list of the 40 "most powerful people in the financial world." Forbes calls them "Money Masters."

The highest-ranked fundster on the list is Larry Fink, CEO of BlackRock [profile], at number five. And four other fundsters made the list: #7, Jeffrey Gundlach, CEO of DoubleLine [profile]; #12, Abby Johnson, CEO of Fidelity [profile]; #22, Mary Erdoes, CEO of J.P. Morgan Asset Management [profile]; and #39, David Booth, chairman and co-CEO of Dimensional Fund Advisors [profile].

Oh, and this being a Forbes list, net worths are of course included. Here are the fundsters: Fink, $550 million; Gundlach, $1.4 billion; Johnson, $15.4 billion; Erdoes, $60 million; and Booth, $1.4 billion. 

Edited by: Neil Anderson, Managing Editor

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