BlackRock, Inc. is the world’s largest asset management company, headquartered in New York City, USA. Below is a detailed overview of the company:
🏢 Basic Information
Name: BlackRock, Inc.
Founded: 1988
Founders: Larry Fink, Robert S. Kapito, Susan Wagner, Barbara Novick, Ben Golub, Hugh Frater, Ralph Schlosstein, and Keith Anderson
Headquarters: New York City, United States
CEO (as of 2025): Larry Fink
Type: Public Company
Stock Symbol: BLK (listed on the New York Stock Exchange)
Employees: ~20,000+ globally
Total Assets Under Management (AUM): Over $10 trillion (as of 2025) — the largest in the world.
💼 What BlackRock Does
BlackRock is a global investment management and financial services firm that manages money for:
Governments
Pension funds
Corporations
Banks
Individual investors
Its primary business is asset management — helping clients invest in stocks, bonds, real estate, and other financial instruments.
🔧 Main Divisions & Services
1. iShares ETFs:
One of BlackRock’s most famous products.
Offers Exchange-Traded Funds (ETFs) under the iShares brand.
These ETFs make investing in global markets easier for retail investors.
2. BlackRock Solutions (Aladdin):
A technology and risk management platform used by financial institutions worldwide.
Aladdin helps firms manage investment risk, performance, and operations.
3. Active and Index Funds:
Provides both actively managed mutual funds and index-based funds.
Known for low-cost index investing and ESG (Environmental, Social, Governance)-based portfolios.
4. Private Markets:
Invests in real estate, infrastructure, private equity, and credit.
🌍 Global Presence
Offices in more than 100 countries.
Major hubs: New York, London, Mumbai, Hong Kong, Tokyo, and Singapore.
👑 Leadership
Larry Fink – Chairman & CEO
Robert S. Kapito – President
Fink is known for his influential annual letters to CEOs, where he discusses long-term capitalism, sustainability, and corporate responsibility.
💡 Interesting Facts
BlackRock is often called the “world’s shadow bank” due to its vast influence over global financial markets.
The Aladdin platform manages risk for portfolios worth over $20 trillion, including assets outside BlackRock.
It is a major shareholder in many top global companies like Apple, Microsoft, Amazon, and Google (Alphabet) through its ETFs.
Focuses heavily on sustainable investing and climate-related financial disclosures.
📈 Criticism & Controversy
Influence: Critics say BlackRock has too much power in global finance and politics due to its size.
ESG push: Some claim its environmental and social investing policies are too political, while others say they’re not strong enough.
China investments: BlackRock has faced criticism for its investments in Chinese companies.
🪙 Financial Snapshot (2025)
Metric Detail
Market Cap ≈ $125–130 billion USD
Revenue ≈ $18–20 billion USD annually
AUM ≈ $10.5 trillion USD
Net Income ≈ $6–7 billion USD
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