What is BlackRock?

BlackRock is the company that controls the world, with 88% of the shares of the five hundred largest U.S. companies

What is BlackRock? BlackRock owns 88% of the shares of the five hundred largest U.S. companies and a web of 8,241 controlled companies around the world. It manages assets of $10.5 trillion, which could only be compared to the U.S. and Chinese economies. This is more than the GDP of all the countries in the world except the United States and China.  Its capital is almost 40 billion dollars.

The multinational corporation has nearly 10% of the global economy under its control, in a somewhat exaggerated comparison to the fictional Umbrella Corporation from the Resident Evil video game series.

At this point you may be wondering, how can we defend ourselves from BlackRock’s power and control of the world? Difficult, almost impossible. Citizens can defend themselves from the global control of big business by educating themselves about their practices.

Supporting local, ethical businesses is helpful. Consumer activism influences corporate policies. Protecting online privacy and opting for safer technological alternatives is also vital. But above all, defend your assets!

BlackRock, the global leader in asset management manages assets worth approximately $10.5 trillion in assets globally. This figure refers to assets under management. BlackRock has 78 offices in 38 countries and has clients in 100 countries.

The term “assets under management” includes money the firm manages on behalf of its clients, which can include pension funds, individual investor savings, and other types of investments. This figure raises questions about how it reached such a magnitude and why, despite its size, many are unaware of its existence.

In summary, to your question – What is BlackRock – we can tell you:

1. What is BlackRock? It is the world’s largest asset management firm..
2. What is BlackRock? It offers investment services globally.
3. What is BlackRock? It has a broad influence in the financial markets.
4. What is BlackRock? It was established in 1988.
5. What is BlackRock? It manages assets of all types, from stocks to bonds.
6. What is BlackRock? It has offices in 38 countries.
7. What is BlackRock? It uses advanced technology for investment analysis.
8. What is BlackRock? It is involved in investments in all strategic sectors.
9. What is BlackRock? It has ramifications in the centers of power worldwide.
10. What is BlackRock? It affects the economies of numerous countries due to its size and scope.

Also, if you want to know what BlackRock is, you should note that today it holds a large portion of the Bitcoin in circulation. In addition, BlackRock launched its tokenized asset fund on the Ethereum blockchain. Called BlackRock USD Institutional Digital Liquidity Fund, it is represented by the BUIDL token and backed entirely by cash and US Treasury bills.

Below we explain everything about this company that in less than 4 decades has taken over a significant slice of the global economy.

How did BlackRock expand?

Founded in the late 1980s by Robert Kapito and Larry Fink, BlackRock began as a domestic company and soon expanded globally. During the 1990s and 2000s, it established itself in metropolises such as London, Sydney and Hong Kong, and later in San Francisco, Paris and Madrid. Today, it is the world’s largest asset manager.

BlackRock’s influence is deep and wide, reaching as far as the White House, where Brian Deese, a company executive, was appointed director of the National Economic Council by Joe Biden. Deese, formerly an advisor under Barack Obama, leads BlackRock’s sustainable investments division.

BlackRock’s control and reach

This giant manages major investment funds and has a significant role in global economics. BlackRock controls major stocks in companies such as Microsoft, Amazon, Apple and Facebook, where it is the second largest shareholder.

With around 10% of the global economy under its management, BlackRock’s influence has drawn criticism of monopoly and market control. From top financial positions to U.S. media outlets such as Fox News and CBS, BlackRock maintains a formidable presence.

In the energy arena, it is the largest investor in coal and manages oil resources that generate huge revenues. Its capacity for influence and control seems to know no bounds, showing the power of a company that, although less visible to the general public, pulls crucial strings in the global economy.

In 2020, the Federal Reserve hired BlackRock to manage investments during the pandemic recession, further boosting its profits.

What does BlackRock control?

Easier to say, it controls almost everything. BlackRock leads investment in coal-fired power plants, generating 9.5 gigatons of CO2. It also manages three billion barrels of oil, valued at $87 billion of non-renewable energy.

At this point, it is clear that many are unaware of the magnitude of this corporation and its capabilities. In addition, BlackRock’s fortunes have grown significantly through the timely acquisition of emerging companies.

By anyone who knows what BlackRock is, the company is considered a global puppeteer. These Because of its immense financial clout and involvement in numerous major sectors, BlackRock covertly wields the levers of economic and political power globally.

As the world’s largest asset manager, with significant holdings in major corporations, BlackRock has the ability to influence global economic policies and business decisions.

BlackRock has established its global dominance in critical sectors such as banking, investment and energy, strategically investing in startups called “unicorns,” whose valuation exceeds $1 billion.

The term unicorns was coined by Aileen Lee in 2013, alluding to the rarity of such entrepreneurial successes.

BlackRock has been instrumental in the rise of transformative companies such as Uber and Dropbox, reinforcing its ability to identify and capitalize on rapid growth opportunities, expanding its influence in the global economy.

BlackRock wields influence across a wide range of economic sectors due to its extensive investment portfolio. It is involved in technology, media and social networks. In the financial sector, it holds significant stakes in major banks.

In addition to its presence in the non-renewable energy sector, it has expanded into renewable energy investments. In the health sector it has control of large pharmaceutical companies.

Have you understood what BlackRock is?

But BlackRock is not alone. 99% of the world’s finance is controlled by “the big four”: Black Rock, State Street, FMR (Fidelity) and Vanguard Group.

The Big 4, with BlackRock as their leader, are also involved in the consumer sector, investing in FMCG companies. Thus, they control what we eat, how we dress, what we buy and even how we have fun.

In practice, although it may seem that there are numerous brands competing in the market, in reality many belong to a few parent corporations. For example, almost all packaged food brands are owned by a dozen large companies such as PepsiCo, Coca-Cola, Nestlé, and others.

These corporations dominate the global food industry and are run by boards of directors. Large institutional investors such as BlackRock and Vanguard are often among the largest shareholders. This indicates a level of monopoly ownership.

Apparent competitors such as Pepsi and Coca-Cola are, in reality, under the influence of the same majority shareholders.

To finish explaining to you what BlackRock is, we don’t have to forget about the arms sector. Between 2011 and 2017, global banking financed with more than 526 billion dollars to the arms industry, led by US banks with 375 billion dollars.

Entities such as BlackRock, JP Morgan Chase and Bank of America stand out for their significant contribution, financing large arms manufacturers such as Boeing and Lockheed Martin.

In Europe, banks such as Crédit Agricole and BNP Paribas also contribute to this industry. In addition, according to the “Don’t Bank on the Bomb” report, several financial institutions supported the production of nuclear weapons, including large fund managers such as BlackRock and Vanguard.