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  • Writer's pictureMandino Tan

BlackRock: The Company That Owns the World

Updated: Apr 20, 2022



Content:

  1. Introduction

  2. What is BlackRock?

  3. How did BlackRock become the world's largest asset manager?

  4. What does BlackRock do?

  5. Who are the people behind BlackRock?

  6. What are the implications of BlackRock's size and power?

  7. Conclusion



1. Introduction:


We all know that one company that seems to have its fingers in every pie. For some, it's Google or Apple. For others, it might be Amazon or Walmart. But for the world of finance, that company is BlackRock. With over $6 trillion in assets under management, BlackRock is the largest money management firm in the world. In this article, we'll take a closer look at BlackRock and find out what makes it so successful.





2. What is BlackRock?


BlackRock is one of the world's largest investment management companies. Headquartered in New York City, BlackRock manages assets totalling more than $5 trillion. The company was founded in 1988 and has since become one of the most influential institutions in global finance. BlackRock is especially well-known for its active management style, which emphasizes regular monitoring of investments and timely response to changing market conditions.





3. How did BlackRock become the world's largest asset manager?


In the late 1980s, a group of entrepreneurs decided to start a new company that would focus on providing investment management services to institutional investors. At the time, this was a relatively new concept, and the company, which would later be named BlackRock, had to work hard to attract clients and employees. The company grew rapidly and soon became the world's largest asset manager. BlackRock achieved this distinction by attracting top talent, acquiring other asset management companies, and providing innovative products and services. Today, BlackRock is the trusted advisor to governments, corporations, and individual investors around the world.





4. What does BlackRock do?


BlackRock is a publicly-traded investment management company with a market capitalization of about $112.3 billion as of Dec. 31, 2021.1 It has more than $10.0 trillion in assets under management (AUM) as of Dec. 31, 2021, making it one of the biggest investment management companies in the world. BlackRock provides investment and technology services to both institutional and retail clients around the world, with a focus on providing solutions for finance professionals and business owners.





5. Who are the people behind BlackRock?



BlackRock is a major player in the investment management world, with more than $10 trillion in assets under management. But who is behind this massive company? Laurence D. Fink is Founder, Chairman and Chief Executive Officer of BlackRock. He and seven partners founded BlackRock in 1988, with the goal of providing investment and technology services to both institutional and retail clients around the world. Today, BlackRock is a publicly-traded company with a market capitalization of about $112.3 billion. It's safe to say that BlackRock is here to stay!





6. What are the implications of BlackRock's size and power?



There are a few implications of BlackRock's size and power. Firstly, BlackRock is able to influence politics. For example, in 2019 BlackRock threatened to divest from gunmakers unless they acted to reduce mass shootings. This is significant because it shows how BlackRock can use its clout to push for change. Secondly, BlackRock's size means that it can affect markets around the world. For example, in the wake of the global financial crisis, BlackRock was one of the institutions that helped stabilize markets. Finally, BlackRock's size and power raises concerns about moral hazard. This is the idea that firms with too much influence or power can take on more risk since they know that they will be bailed out if things go wrong.





7. Conclusion:


BlackRock is the largest asset manager in the world, and it wields a lot of power. The company has a very diverse portfolio, and it's responsible for managing trillions of dollars in assets. BlackRock has come under fire in the past for its close relationship with Wall Street and for its lack of transparency. However, the company is also working to change its image and to be more accountable to its clients.



DISCLAIMER:

All information are for informational purposes only and should not be relied upon as financial advice.



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