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

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

It is a company bigger than the economies of all countries except America and China.

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

If we look at the IMF ranking of the largest economies of 2023, this company has a bigger asset than the economy of every country except the US and China. In 2023, the US will have an income of 26 trillion 185 billion dollars, while China will have an income of 19 trillion 244 billion dollars. The Japanese economy ranks third Black rock Not even half of his company’s assets.

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

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

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

Facebook, Instagram and others social media It is not surprising that they also have a share in the media. So if we were to ask someone on the road today, the chances of them knowing this company are pretty slim. But there is 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 managers are mentioned based on the amount of funds they manage. This; BlackRock, Vanguard and State Street mentioned companies. The owner of the third business, State Street, BlackRock Company. Moreover, the largest shareholder is in second place Forefront The company itself.

Who is what, what is going on? If you’re confused enough, let me summarize: two of the top 3 companies while they belong to a joint family One of them belongs to another family. But as a shareholder he also gets a share. These three companies are growing like brothers and feeding off 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 fairytale hero, his actions are very real! Large companies and major banks use this software for portfolio management. Because this software; A very fast data collection tool on any market, company and asset. To provide faster and more detailed access to data What big bank, what big company wouldn’t want this?

In exchange for what does BlackRock give such powerful software to large companies and banks? Of course he’s interested. They learn early on information that companies and banks receive firsthand, but that the software may not know.

It’s kind of It is a matter of joining forces we can say. Moreover, this opportunity that big companies have, i.e. Aladdin, turns into a disadvantage for small investors. Because BlackRock, steer the market as desired He retains his power.

Among the largest investments are Apple and Amazon.

The company literally leaves every stone unturned. Federal Reserve, health insuranceinvestment companies, NGOs and many other areas have played a major role in this. They are active 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 leading investors of brands such as. So you have been supporting the growth of the company for years without having heard the name once in your life.

BlackRock CEO Larry Fink is not bothered by the crisis and is turning it into an opportunity.

What has Fink, CEO and founder of BlackRock, accomplished to bring the company to its current position? Until the early 2000s, this company was just like other asset managers. From other companies after 2000 grow faster they started.

We can say that the 2008 crisis helped them in their rapid development. When people talk about the crisis, I only think of the lost, the losers. But this is of course not the case. There are both winners and losers.

BlackRock company, because of 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 the BlackRock company for their activities. Suddenly they started to rise and today they have great wealth.

Fink earned 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 company manager of the bonds department He served as. His knowledge and experience in areas such as real estate, political science and economics were the steps that led to his success at BlackRock.

It continues to make moves to get its hands on Bitcoin.

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

Bitcoin became the table they lost, so to speak, as soon as the company filed with the U.S. Securities and Exchange Commission. $500 increased more. Since the decision must be taken within 240 days, it is expected to be announced in 2024.

Image source: aperture

As a result, there is and “take over the world” This company continues to grow. It is unknown how far he will push the boundaries.