Who is BlackRock?

BlackRock is one of the world's leading providers of investment, advisory and risk management solutions. We are a fiduciary to our clients. We're investing for the future on behalf of our clients, inspiring our employees, and supporting our local communities.

Who is BlackRock owned by?

2022 Billionaires Net Worth

Larry Fink is the founder, CEO and chairman of powerhouse investment management firm BlackRock, one of the world's largest asset managers. He and seven partners founded BlackRock in 1988.

What companies does BlackRock own?

The company is also quite diversified, but it is heavily exposed to some large tech stocks. BlackRock's top three holdings are Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), and Amazon (NASDAQ:AMZN). BLK owns $141 billion of AAPL stock, $120.8 billion of MSFT, and $65.8 billion of AMZN.

Is BlackRock China owned?

New York-based BlackRock is the first foreign-owned company allowed by Beijing to operate a wholly-owned business in China's burgeoning mutual fund industry.

Where does BlackRock get its money?

BlackRock is one of the world's largest investment management companies by AUM. The company operates as a single business segment. The firm derives most of its revenue from investment advisory and administration fees.

BlackRock: The Company that Owns the World

Who are the 7 owners of BlackRock?

BlackRock was founded in 1988 by Larry Fink, Robert S. Kapito, Susan Wagner, Barbara Novick, Ben Golub, Hugh Frater, Ralph Schlosstein, and Keith Anderson to provide institutional clients with asset management services from a risk management perspective.

Why is BlackRock so powerful?

BlackRock is a top shareholder across a wide range of global industries that include oil and gas, technology, retail, big banks, healthcare, weapons manufacturing, and much more. All this makes BlackRock one of the most powerful corporate actors on the planet, whose influence touches every aspect of our daily lives.

Is BlackRock an ethical company?

Our reputation for integrity is one of our most important assets. We hold ourselves to standards that not only meet those required by the laws and regulations that apply to us, but also to our principles, which are rooted in exceeding our clients' expectations.

Does BlackRock own anything in Russia?

BlackRock's $308-million iShares MSCI Russia ETF, designed to give investors exposure to Russian stocks, has a stake of almost $2 million in VTB, the data show.

Does BlackRock own Tesla?

Blackrock. Blackrock, the world's largest asset manager, is the second-biggest institutional investor in Tesla with a 5.62% stake valued at $36.56bn.

What exactly does BlackRock do?

BlackRock is one of the world's leading providers of investment, advisory and risk management solutions. We are a fiduciary to our clients. We're investing for the future on behalf of our clients, inspiring our employees, and supporting our local communities.

Is BlackRock the richest company in the world?

BlackRock was formed by founder and CEO Larry Fink in 1988 in New York City as a risk management and fixed income institutional asset manager. Now, it is the world's largest asset manager with $10 trillion currently in its portfolio.

How much of the world does BlackRock own?

BlackRock is the world's largest asset manager.

As of January 2022, it owns assets worth $10 trillion under management.

Is BlackRock owner of Apple?

BlackRock is the second-largest shareholder of Apple, owning 6.5% of its shares. As of December 2022, the market value of BlackRock's stake in Apple was $133.7 billion. BlackRock owned 1,029 million shares in Apple and controlled 1,029 million shareholder votes as of December 2022.

Does BlackRock own Google?

Alphabet (Google) is owned by its shareholders. The largest ones are Vanguard, which owns a 7.0% share, followed by BlackRock (6.2%), co-founder Larry Page (6.1%), co-founder Sergey Brin (5.7%), and ex-CEO Eric Schmidt (0.6%).

Why is BlackRock being sued?

Kurt Dzibela said in a Wednesday lawsuit filed in New Jersey state court that BlackRock Inc. used his decision not to get a COVID-19 vaccine as pretext to fire him last year, when in reality, the company aimed to replace him with someone who wasn't a white male and who wouldn't question ESG investing.

Who is BlackRock biggest competitor?

BlackRock main competitors are BNP Paribas, Credit Suisse, and Goldman Sachs. Competitor Summary. See how BlackRock compares to its main competitors: BNP Paribas has the most employees (193,000).

Who is the CEO of BlackRock?

Laurence Douglas Fink (born November 2, 1952) is an American billionaire businessman. He is the current chairman and CEO of BlackRock, an American multinational investment management corporation.

Is BlackRock ruling the world?

BlackRock and Vanguard do not “own” all the biggest corporations in the world. They invest trillions of dollars into leading companies on behalf of their clients, who ultimately own the shares. This article was produced by the Reuters Fact Check team.

Does BlackRock control the government?

BlackRock advises governments on monetary and financial policy through its consulting unit, BlackRock Solutions. Meanwhile, BlackRock, with control of more funds than any other company in the world, is buying assets in which its consulting unit has insider knowledge.

Who is the biggest owner of BlackRock?

BlackRock is not owned by a single individual or company. Instead, its shares are owned by a large number of individual and institutional investors. The biggest institutional shareholders such as The Vanguard Group and State Street are merely custodians of the stock for their clients.

Does BlackRock own Coca Cola?

BlackRock is the third-largest shareholder of Coca-Cola, owning 7.2% of its shares. As of December 2022, the market value of BlackRock's stake in Coca-Cola was $19.8 billion.

Who owns the most assets in the world?

Does BlackRock own Netflix?

BlackRock is the second-largest shareholder of Netflix, owning 6.2% of its shares. As of December 2022, the market value of BlackRock's stake in Netflix was $8.2 billion. BlackRock owned 28 million shares in Netflix and controlled 28 million shareholder votes as of December 2022.