Is BlackRock the largest company in the world?
BlackRock, Inc. is an American multinational investment company. It is the world's largest asset manager, with $9.42 trillion in assets as of June 30, 2023. Headquartered in New York City, Blackrock has 70 offices in 30 countries, and clients in 100 countries.
As of my last update in September 2021, several companies were bigger than BlackRock, which is one of the world's largest investment management firms. Some of these larger companies include: Vanguard Group: A prominent investment management company with a wide range of funds and ETFs.
Founded just 34 years ago in 1988, BlackRock has quickly become the world's largest asset manager with over $9 trillion in assets under management (AUM). Given this status, BlackRock's equity portfolio may provide useful insights to investors.
| # | Name | 2021 |
|---|---|---|
| 1 | Vanguard Group | $5,407,000 |
| 2 | BlackRock | $5,694,077 |
| 3 | State Street Global | $2,905,408 |
| 4 | Fidelity Investments | $2,032,626 |
BlackRock is the world's largest asset management company, not a secretive organization controlling the world. It manages trillions of dollars in assets for individuals and institutions worldwide. While it wields significant influence due to its size and reach, it does not have direct control over global affairs.
BlackRock remained the largest firm overall, with $8.59 trillion in total assets globally vs. Vanguard's $7.25 trillion, and has a much larger presence with clients such as government-sponsored retirement plans and sovereign wealth funds.
Just Vanguard 500 Index ETF (VOO) alone owns more than 81 million shares of Amazon.com, says ETF.com. Then comes iShares operator BlackRock (BLK) and SPDR operator State Street Global Advisors. Those two investors own 613.4 million and 332.4 million shares, respectively, of Amazon.com stock.
BlackRock has grown from a start-up to a market leader by attracting clients and employees, and by acquiring several other asset management companies. BlackRock's mission is to create a better financial future for our clients, by building the most respected investment and risk manager in the world.
BlackRock and Vanguard significantly influence major media houses globally, essentially choreographing the narratives that reach millions of homes daily. Adding another dimension to their influence, these firms have woven complex networks with political corridors and non-profits.
The top individual insider shareholders of Google are Larry Page, Sergey Brin, and Sundar Pichai, and the top institutional shareholders are Vanguard Group Inc., BlackRock Inc. (BLK), T. Rowe Price Associates Inc., and FMR LLC.
Who is BlackRock owned by?
BlackRock is publicly owned, with its shares held by various shareholders, including institutional investors like Vanguard Group and State Street Corporation and individual shareholders.
The backstory: BlackRock's bullish outlook on responsible environmental, social and governance investing is being blasted by conservatives as "woke capitalism" and has drawn boycotts from Florida and Texas.
Laurence D.
Fink is the CEO and co-founder of BlackRock. Along with seven colleagues, he started the company. As of 31 January 2023, he owned 520,126 making him the biggest individual shareholder.
Laurence D. Fink is Chairman and Chief Executive Officer of BlackRock. He and seven partners founded BlackRock in 1988, and under his leadership, the firm has grown into a global leader in investment and technology solutions.
Tesla's CEO, Elon Musk, owns the most shares of Testla, with roughly 20%. Other big investors are asset management companies Vanguard Group, Blackrock, and State Street Corporation. Musk's younger brother, Kimbal, is one of the individual shareholders who owns a large holding in Tesla.
Vanguard set out in 1975 under a radical ownership structure that remains unique in the asset management industry. Our company is owned by its member funds, which in turn are owned by fund shareholders. With no outside owners to satisfy, we focus squarely on meeting the investment needs of our clients.
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.
BlackRock and Vanguard are the world's largest asset managers with a combined R309 trillion in assets under management (AUM), and they own stakes in most of the world's biggest businesses.
The Government Pension Investment Fund of Japan remains the largest asset owner in the world, with an AUM of US$1.4 trillion alone. The top three also includes the two largest sovereign wealth funds.
ownership in DIS / The Walt Disney Company. 2023-02-07 - BlackRock Inc. has filed an SC 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 120,970,214 shares of The Walt Disney Company (US:DIS). This represents 6.6 percent ownership of the company.
Does BlackRock own Apple?
BlackRock Inc. owned about 1.1 billion shares, which was 6% of the shares issued, according to the document. The third largest holder of Apple stock was Warren Buffett's Berkshire Hathaway Inc., with holdings amounting to approximately 5.73% of Apple's outstanding shares.
Key Facts. Institutional investors account for roughly 60% of Apple's total outstanding stock. Insider investors, including Chair of the Board Art Levinson and CEO Tim Cook, control less than 1% of the company. Three of Apple's biggest shareholders are Vanguard, Blackrock, and Berkshire Hathaway.
BlackRock is an investment firm that controls a huge number of shares in some of the largest companies in the world. They have a total of $10 trillion in assets across the globe. That's an amount equal to half of America's total gross domestic product - controlled by just one company.
The main competitors of BlackRock include FS Credit Opportunities (FSCO), Sculptor Capital Management (SCU), Oxford Lane Capital (OXLC), Nuveen Select Tax-Free Income Portfolio (NXP), Western Asset Emerging Markets Debt Fund (EMD), BNY Mellon High Yield Strategies Fund (DHF), Nuveen Select Maturities Municipal Fund ( ...
That's because BlackRock makes money by collecting fees from its investors, not by reaping profits from the companies it invests in. In short, BlackRock doesn't own a portion of many U.S. corporations. The people who own shares in BlackRock funds do.
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