Fink, Wall Street’s Ultimate Key Man, Holds Tight to BlackRock

Around his 71st birthday, Larry Fink began to blue-sky about the future.

What would it take, the billionaire mused with associates, to really grow the firm, to double the stock price of BlackRock Inc., the giant asset manager he has run for nearly 40 years?

Larry Fink

Photographer: Aaron M. Sprecher/Bloomberg

Inside BlackRock, steward now of $11.6 trillion of investor money, two other questions hung in the air: How long Fink would reign at the company, and who could succeed him.

These days, those questions all point to the same answer: Larry Fink isn’t done with BlackRock yet.

Just the opposite. At 72, Chairman, ...