BlackRock: The World’s Most Powerful Company
You have probably never heard of this company before; however, you really shouldn’t feel bad about it because very few people are aware of the influence that BlackRock owns all over the world.
BlackRock is the largest asset manager in the world, and it manages a wealth that is so enormous that it is more than the total gross domestic product of every country on the planet with the exception of the United States and China.
After the financial crisis of 2008 and again in 2020 during the pandemic crisis caused by Covid-19, it was largely due to BlackRock that the United States stock market was rescued from the point of bankruptcy.
How Big is BlackRock Today
Currently, BlackRock is responsible for managing assets worth $10 trillion.
According to Marketwatch, there is around $40 trillion in circulation throughout the world at the current time. This indicates that BlackRock handles approximately one quarter of the world’s money.
The corporation owns and was responsible for the development of the investing software known as BlackRock Aladdin. This software is responsible for the management of over $21 trillion in assets.
What Companies Do Blackrock Own
BlackRock has stake in almost all the companies in the SP500, but its largest positions are AAPL, MSFT, AMZN, GOOGL, TSLA, and represent 13.59% of BlackRock’s stock portfolio.
