Robert S. Kapito

Robert Steven Kapito (born February 8, 1957)[1] is an American businessman and investor. He is a founder and president of the New York City-based investment management firm, BlackRock.[2][3][4]

Robert Kapito
Kapito in 2010
Born
Robert Steven Kapito

(1957-02-08) February 8, 1957
New York, U.S.
Alma mater
TitlePresident of BlackRock

Early life and education

Kapito is Jewish.[5] Kapito earned an MBA from Harvard Business School in Cambridge, Massachusetts (HBS) in 1983 after completing a BS degree in economics from the Wharton School of the University of Pennsylvania. Kapito met his wife Ellen when she was a student at the University of Pennsylvania School of Nursing.[6]

Career

Kapito joined First Boston in 1979 after graduating from Wharton and started in the Public Finance Department.[7] He was hired by Larry Fink to work at First Boston, where they were instrumental in pioneering the mortgage-backed security market in the United States.[7][8]

Kapito left First Boston to complete his MBA degree and returned to the firm in 1983 in the Mortgage Products Group.[7] In 1988, Kapito left First Boston along with Fink and founded BlackRock under the umbrella of the private equity firm Blackstone Group as partners.[7] Kapito worked closely with Fink at BlackRock, where he developed a reputation as an aggressive and loyal supporter of Fink.[8]

In 2022, he warned about product shortages and said that "a very entitled generation that has never had to sacrifice" was experiencing inflation for the first time.[9][10]

Kapito serves as a member of the board of trustees of the Wharton School of the University of Pennsylvania[11] and as a member of a Harvard Kennedy School Executive Education Faculty.[12] He is also president of the board of directors for the Hope & Heroes Children's Cancer Fund and president of the board of directors for Periwinkle Theatre for Youth, a national non-profit arts-in-education organization.

In 2012, he received the Gustave L. Levy Award from the United Jewish Appeal Federation of New York for his donations.[13]

References
  1. "Find companies, search people".
  2. "CBS This Morning: President of Blackrock Robert Kapito". CBS.
  3. DE LA MERCED, MICHAEL J. "BlackRock Elevates Executives in Succession Planning Move". New York Times.
  4. Tully, Shawn. "Inside the trillionaires' club". Fortune.
  5. "The ten trillion dollar man: how Larry Fink became king of Wall St". www.ft.com. Retrieved 2022-03-31.
  6. "Born to heal". Jewishstandard.timesofisrael.com. Retrieved 12 April 2017.
  7. "BlackRock Is Remaking the Capital Markets". Institutional Investor. Retrieved 2019-04-15.
  8. Wigglesworth, Robin (2021-10-07). "The ten trillion dollar man: how Larry Fink became king of Wall St". Financial Times. Retrieved 2022-03-31.
  9. "Inflation will clobber "entitled generation" of consumers, BlackRock president says". www.cbsnews.com. Retrieved 2022-03-31.
  10. Mahdawi, Arwa (2 April 2022). "Young people struggling amid inflation are entitled, says CEO worth about $400m". The Guardian. Retrieved 2 April 2022.
  11. "Robert S. Kapito, BlackRock President and Director, to Keynote Wharton School MBA Commencement". Archived from the original on 2010-04-30.
  12. "Harvard Kennedy School Executive Education Faculty: Robert S. Kapito".
  13. Alden, William (December 11, 2012). "Wall Street Titans Toast Philanthropy at UJA-Federation Dinner". DealBook. Retrieved 29 October 2013.
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