Blackrock CEO Larry Fink : When it comes to the richest person in the world, people like Elon Musk, Bill Gates, Jeff Bezos and many others immediately come to mind. All of them have the crown of being the richest person in the world. Although there is a person in America who is richer than all these people, but his name never appeared in any billionaire’s list. Yes… the name of the person we are talking about is Larry Fink.
Larry Fink is the person in America who has the largest accumulated capital of the public. Larry Fink is the CEO of BlackRock Asset Management Company, the world’s largest asset management company with assets of $7.4 trillion. The market cap of BlackRock Asset Management Company as of November 2024 is Rs 12.808 trillion. According to market cap, BlackRock is ranked 102nd in the list of the world’s richest companies.
Learn about BlackRock’s asset management business
Actually, an asset management firm is a company doing mutual fund business. Where crores of people invest their money. After which this asset management firm invests in companies around the world. Let us tell you that the asset under management business of BlackRock has reached 11 lakh 50 thousand crore dollars.
BlackRock has more capital than the economies of many countries
According to the asset management business, BlackRock Company has more public deposits than the economies of many countries. Interestingly, BlackRock’s fortune is almost half of America’s GDP. Therefore, Larry Fink can also be called the owner of half of America. Because they manage such a huge amount of public money. BlackRock company has stake in every big company of the world. Many Indian companies are also included in these.
Why is Larry Fink not counted among billionaires?
Now the question arises that despite BlackRock having so much wealth, why is Larry Fink’s name not in the list of the world’s richest people? The reason for this is that the money the company has is public capital, which BlackRock only manages. Larry Fink personally is not on the list of billionaires.
According to Forbes magazine, in April 2022, Larry Fink’s net worth was estimated at US $ 1 billion.
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