Larry Fink

BlackRock chief Larry Fink said India could emerge as one of the world's defining growth engines over the next two decades, driven by policy stability, infrastructure push and rising confidence

In February, BlackRock said it was awarding Fink, 72, additional pay perks known as carried interest tied to its push into private markets

Today, it's a caretaker of $10.5 trillion of investor money and a provider of sophisticated trading technology, and Fink has been an informal financial adviser to many governments, including the US

The gala kicks off Friday in the family's refinery township of Jamnagar in the western coastal state of Gujarat

Adjusted net income rose 13% from a year earlier to $1.6 billion, or $10.91 a share, beating Wall Street's average estimate of $8.20. Revenue rose 5% to $4.5 billion

Fink has trailed in personal wealth because he owns only a tiny piece of BlackRock: 0.7 per cent

Larry Fink said China may be the biggest hurdle to global financial markets and that central bankers are adding to risks with negative-interest rate policies