The Company Named BlackRock, Shown as “Owner of the World”

BlackRock is a large asset management company you’ve probably never heard of before. to this company “owner of the world” It is also called. So what makes it so great?

Value of assets owned by the company 10 trillion dollars around. Let us give you some information to help you understand the size of the money. The amount of money currently in circulation in the world 40 trillion dollars is seen as. This means that the asset value of the company is equal to the money in circulation in the world. about a quarter of it. But it is not just the value of his assets that makes him “the owner of the world”.

It is a company larger than the economy of all countries except America and China.

We mentioned that, according to 2023 data, the value of this company’s assets under management is 10 trillion dollars. This is not an amount that can be taken lightly. so that It has even overtaken the economies of countries.

If we look at the 2023 IMF ranking of the largest economies, this company has a higher asset than the economy of every country except the USA and China. In 2023, the USA has an income of 26 trillion 185 billion dollars, while China has an income of 19 trillion 244 billion dollars. Japan’s economy ranks third BlackRock Not even half of his company’s assets.

It continues to add new assets under management every day. There is one more issue that I will explain in the following parts of our content. And that’s because their only rival is themselves.

They control the media. They have connections with the television channels you watch.

The company is also present in the media. BlackRock and another of the largest asset management companies Vanguard; Time Warner is two of the largest owners of Disney and News Corp. He also has large shares in channels such as FOX, CNN and NBC, which we all know. BlackRock company is also affiliated with the New York Times, which we all know.

Facebook, Instagram and other social media It is not surprising that they also have a share in the media. So, if we were to ask anyone on the road today, the probability of them knowing about this company is quite low. But there’s almost a 100 percent chance that it made him money.

He has a stake in his rival, and his rival has a stake in him.

Three major asset management companies are mentioned according to the amount of funds they manage. These; BlackRock, Vanguard and State Street named companies. The owner of the third place company, State Street, BlackRock company. In addition, its largest shareholder is the second-ranked Vanguard The very company itself.

Who’s what, what’s going on? If you are confused enough, I will summarize: Two of the top 3 companies while belonging to joint family One of them belongs to a different family. But he also gets a share as a shareholder. These three companies grow like brothers and feed each other, but we think they are competitors.

They control banks and important institutions with their software called Aladdin.

Aladdin one software We can define it as . Even though his name sounds like a fairy tale hero, his actions are very real! Large companies and large banks use this software for portfolio management. Because this software; A very fast data collection tool on every market, every company and every asset. To provide faster and more detailed access to data Which big bank, which big company wouldn’t want it?

In exchange for what does BlackRock give such powerful software to large companies and banks? Of course he has an interest. They learn early information that companies and banks receive first-hand, which perhaps the software cannot know.

It’s kind of It is a matter of joining forces we can say. In addition, this chance that big companies have, that is, Aladdin, turns into a disadvantage for small investors. Because BlackRock, directing the market as desired He keeps his power.

Among its biggest investments are Apple and Amazon.

The company literally leaves every stone unturned. federal reserve, health insurance, investment companies, NGOs and many other fields have taken a big place in it. They operate in more than thirty countries and have customers in more than a hundred countries.

Let me list the company’s biggest investments that you know very well. This company; apple, Microsoft, Intel, Amazon, Facebook, Tesla, Nike He is among the high-level investors of brands such as. So, you have supported the company’s growth for years without even hearing its name once in your life.

BlackRock CEO Larry Fink is not affected by the crisis and turns it into an opportunity.

What did Fink, CEO and founding member of BlackRock, achieve to bring the company to its current position? Until the beginning of 2000, this company was just like other asset management companies. From other companies after 2000 to grow faster they started.

We can say that the 2008 crisis helped them in their rapid development. When the crisis is mentioned, only the lost, the losers come to mind. But of course this is not the case. There are winners as well as losers.

BlackRock company, due to its good relations with the US government in the operation to recover from the economic crisis was assigned. In other words, the portfolios of bankrupt companies were transferred to BlackRock company for their business. Suddenly they started to rise and today they have great wealth.

Fink received a bachelor’s degree in Political Science from the University of California, Los Angeles, and an MBA in Real Estate from the same university. First as a securities trader at First Boston, then as a firm manager of the bond department He served as. His knowledge and experience in fields such as real estate, political science and economics were the steps that led to his success at BlackRock.

It continues to take steps to get its hands on Bitcoin.

It must be because they see it as the only place where they cannot get involved and make money; BlackRock company filed an application with the US Securities and Exchange Commission. Taking advantage of Bitcoin’s decline Bitcoin in ETF plans to offer Coinbase as a custody service for its assets. Of course, it needs to be approved first.

Bitcoin became the table they lost, so to speak, as soon as the company applied to the US Securities and Exchange Commission. $ 500 increased more. Considering that the decision should be made within 240 days, it is expected to be announced in 2024.

As a result, in almost every field and “taking over the world” This company continues to grow further. It is unknown how far he will push the limits.