About Us | BlackRock (2024)

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About Us | BlackRock? ›

Vanguard ended 2022 with $5.02 trillion in institutional assets globally, down 7.1% from $5.41 trillion in 2021, while BlackRock ended 2022 with $4.83 trillion in institutional assets, down 15.1% from $5.69 trillion in 2021. State Street Global Advisors followed at a distant No.

Vanguard ended 2022 with $5.02 trillion in institutional assets globally, down 7.1% from $5.41 trillion in 2021, while BlackRock ended 2022 with $4.83 trillion in institutional assets, down 15.1% from $5.69 trillion in 2021. State Street Global Advisors followed at a distant No.

You may want to consider BlackRock if you're looking for a more traditional investment firm. The Blackstone Group caters mostly to high-net-worth individuals and exclusively manages alternative assets. If you require a more exclusive approach to investing, this could be a good fit.

Interactive chart of historical net worth (market cap) for BlackRock (BLK) over the last 10 years. How much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding. BlackRock net worth as of August 03, 2023 is $106.36B.

Larry Fink's BlackRock started as part of Blackstone. Fink suggested “BlackPebble or BlackRock” for a name when he branched out on his own, Schwarzman recalls.

Vanguard set out in 1975 under a radical ownership structure that remains unique in the asset management industry. Our company is owned by its member funds, which in turn are owned by fund shareholders. With no outside owners to satisfy, we focus squarely on meeting the investment needs of our clients.

BlackRock is not owned by a single individual or company. Instead, its shares are owned by a large number of individual and institutional investors. The biggest institutional shareholders such as The Vanguard Group and State Street are merely custodians of the stock for their clients.

Fink wanted to share equity with new hires, to lure talent from banks, unlike Schwarzman, who did not want to further lower Blackstone's stake. They agreed to part ways, and Schwarzman sold BlackRock, a decision he later called a "heroic mistake."

As expected, BlackRock's top equity holdings include America's most established tech companies: Apple, Microsoft, Amazon, and Google. BlackRock also has large positions in Nvidia and Broadcom, which happen to be America's two largest semiconductor companies.

What is the annual profit of BlackRock? ›

BlackRock net income for the twelve months ending June 30, 2023 was $5.188B, a 11.12% decline year-over-year. BlackRock annual net income for 2022 was $5.178B, a 12.25% decline from 2021. BlackRock annual net income for 2021 was $5.901B, a 19.65% increase from 2020.

How much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding. Black Diamond Group net worth as of July 26, 2023 is $0.28B.

BlackRock's revenue is $17.9 billion.

BlackRock's revenue growth from 2006 to 2022 is 751.91%. BlackRock has 16,500 employees, and the revenue per employee ratio is $1,083,212. BlackRock's peak quarterly revenue was $5.1B in 2021(q4). BlackRock peak revenue was $19.4B in 2021.

BlackRock, too, is a massive Tesla shareholder (ranked No. 3). It owns more than 178 million shares, or 5.6% of the shares outstanding. That's a 5.6% stake in the company.

New York-based BlackRock is the first foreign-owned company allowed by Beijing to operate a wholly-owned business in China's burgeoning mutual fund industry. The firm launched the mutual fund and a series of other investment products for Chinese consumers on Aug. 30.

BlackRock, Inc., holds 3.60% of Walmart shares, worth about $13.6 billion. BlackRock, Inc., is a multinational investment company in New York City. It is the largest asset manager in the world, with about $10 trillion worth of assets as of January 2022.

For example, investors who want to participate in socially and environmentally conscious asset growth strategies may prefer working with BlackRock, while investors who want a simple long-term strategy to provide retirement income may prefer working with a company such as The Vanguard Group.

Founded just 34 years ago in 1988, BlackRock has quickly become the world's largest asset manager with over $9 trillion in assets under management (AUM).

Fidelity and Vanguard are two of the largest investment companies in the world. Fidelity boasts 40 million individual investors and $9.9 trillion in assets under management (AUM). Meanwhile, Vanguard has more than 30 million investors and $8.5 trillion in assets under management.

The $10 Trillion Giant: Here's How BlackRock Became The Biggest Company In The World. BlackRock has paved its way to become the world's largest asset manager. BlackRock is a multinational investment company based in New York and founded by current financial stalwarts way back in 1988.