Larry Fink (2024)

FAQs

Does BlackRock own the world? ›

BlackRock and Vanguard are the world's largest asset managers with a combined R309 trillion in assets under management (AUM), and they own stakes in most of the world's biggest businesses.

BlackRock and Vanguard AUM is $8.6 & $8.1 trillion, respectively. In total, they both own/invested in 1,600 U.S. companies(Reuters:2022). BlackRock's secret weapon, an advanced trading algorithm called Aladdin(Asset, Liability, Debt and Derivative Investment Network) has been shaping global markets for decades.

For "partially" meeting his performance goals, the 70-year-old executive pocketed $1.5 million in base salary, $7.25 million in cash incentives, $3.75 million in deferred equity, and $12.7 million as a long-term incentive award in 2022, per the filing. Fink — who co-founded BlackRock in 1988 — made $36 million in 2021.

BlackRock and Vanguard do not “own” all the biggest corporations in the world. They invest trillions of dollars into leading companies on behalf of their clients, who ultimately own the shares. This article was produced by the Reuters Fact Check team.

BlackRock was founded in 1988 by Larry Fink, Robert S. Kapito, Susan Wagner, Barbara Novick, Ben Golub, Hugh Frater, Ralph Schlosstein, and Keith Anderson to provide institutional clients with asset management services from a risk management perspective.

Hedge funds don't have many shares in Pfizer. The Vanguard Group, Inc. is currently the largest shareholder, with 8.9% of shares outstanding. With 7.8% and 5.7% of the shares outstanding respectively, BlackRock, Inc. and Capital Research and Management Company are the second and third largest shareholders.

BlackRock is a top shareholder across a wide range of global industries that include oil and gas, technology, retail, big banks, healthcare, weapons manufacturing, and much more. All this makes BlackRock one of the most powerful corporate actors on the planet, whose influence touches every aspect of our daily lives.

Elon Musk now owns less stock in Tesla, the EV maker he founded, than America's "Big Three" passive-investing funds have, the Financial Times has reported. The combined holdings of the index fund industry's three giants — BlackRock, Vanguard and State Street — make up a 13.58% stake in Tesla, it found.

Together, BlackRock and Vanguard own 18% of Fox, 16% of CBS, 13% of Comast — which owns NBC, MSNBC, CNBC, and the Sky media group, 12% of CNN, and 12% of Disney — which owns a number of subsidiaries.

Average BlackRock Vice President yearly pay in California is approximately $154,484, which meets the national average.

What degree does Larry Fink have? ›

Fink earned an MBA with a concentration in real estate from the University of California at Los Angeles (UCLA) in 1976 and a BA in political science from UCLA in 1974.

Schwarzman, 76, received total compensation of $253.1 million in 2022, up about 58% from the prior year. A big part of the increase came from nearly $190.5 million in carried interest and incentive fees, which represent his portions of profits on Blackstone funds when they top a specified performance threshold.

We note that hedge funds don't have a meaningful investment in Walt Disney. Looking at our data, we can see that the largest shareholder is The Vanguard Group, Inc. with 8.0% of shares outstanding. BlackRock, Inc. is the second largest shareholder owning 6.6% of common stock, and State Street Global Advisors, Inc.

Fintel reports that BlackRock has filed a 13G/A form with the SEC disclosing ownership of 110.13MM shares of PepsiCo, Inc. (PEP).

Reflects change since 5 pm ET of prior trading day. Larry Fink is the founder, CEO and chairman of powerhouse investment management firm BlackRock, one of the world's largest asset managers. He and seven partners founded BlackRock in 1988.

The company has raised $150 million from investors including Bill Gates' Breakthrough Energy Ventures, BlackRock , Duke Energy and the Lightsmith Group.

Learn more about the subscription offers. Already a subscriber? 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.

BlackRock, Inc. is owned by Rockefeller Capital Management L.P. for $76.56 million (NYSE:BLK)

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.

ownership in JNJ / Johnson & Johnson. 2023-01-31 - BlackRock Inc. has filed an SC 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 198,802,769 shares of Johnson & Johnson (US:JNJ). This represents 7.6 percent ownership of the company.

Who is the biggest shareholder of BlackRock? ›

Our reputation for integrity is one of our most important assets. We hold ourselves to standards that not only meet those required by the laws and regulations that apply to us, but also to our principles, which are rooted in exceeding our clients' expectations.

Here is a list of the top companies that are stockholders in BlackRock and their stake percentages: The Vanguard Group, Inc. - 8.1%

Blackrock is worth 4 times more than apple. No, Blackrock has around 8.6 trillion dollars. in something called assets under management. Assets under management is easiest to explain.

Apple is owned by its shareholders. The largest ones are asset manager Vanguard which owns 8.1% of the company, followed by BlackRock, with a 6.5% ownership share, and Berkshire Hathaway, with a 5.8% ownership share.

'Billionaire Stocks': Bill Gates, Berkshire Hathaway (BRK.B)

The natural stock pick held by the world's wealthiest person is Microsoft (NASDAQ:MSFT), the giant tech company Bill Gates co-founded with Paul Allen in 1975. Gates still owns almost 103 million shares of the company worth $15.4 billion.

Among other institutional holders, BLK owns about 7.68% of Alphabet's shares, according to CNN Money. The iShares Core S&P 500 Index (IVV) is BlackRock's largest ETF, holding an impressive $304 billion in assets under management.

2023-02-01 - BlackRock Inc. has filed an SC 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 27,731,534 shares of Netflix Inc. (US:NFLX). This represents 6.2 percent ownership of the company.

What is the salary and bonus for a VP at Blackstone? ›

The estimated total pay for a Vice President at The Blackstone Group is $447,374 per year. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. The estimated base pay is $200,293 per year.

When the project ended in default, BlackRock clients lost their money, including the California Pension and Retirement System, which lost about $500 million. The U.S.

1 BlackRock derives the majority of its revenue from investment advisory and administrative fees charged to its clients. Among BlackRock's major competitors are The Vanguard Group, State Street Corp. (STT), and T. Rowe Price Group Inc.

Who owns BlackRock? 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.

Blackstone Equity Partners pays an average salary of $145,220 and salaries range from a low of $127,756 to a high of $164,566. Individual salaries will, of course, vary depending on the job, department, location, as well as the individual skills and education of each employee.

The highest paying role reported at Blackstone is Software Engineering Manager at the Common Range Average level with a yearly total compensation of $269,500. This includes base salary as well as any potential stock compensation and bonuses.

Tesla's CEO Elon Musk is the highest paid CEO in the world. His salary was USD 23.5 billion approximately in the year 2022.

The top three individual shareholders include Jeff Bezos, Andrew Jassy, and Douglas Herrington. Amazon's top three institutional shareholders are Vanguard, Blackrock, and State Street.

Who owns most of Disney's stock? ›

Disney is owned by many shareholders, as it's a publicly traded company. According to CNN Business News, the Vanguard Group, Inc. is the largest shareholder of Walt Disney Co.

The top shareholders of Netflix are Leslie J. Kilgore, David Hyman, Greg Peters, Capital Research Group Investors, Vanguard Group Inc., and BlackRock Inc.

BlackRock, Inc., holds 6.62% of Starbucks shares, worth about $7.76 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.

Conclusion. McDonald's is a publicly-traded company, with a considerable percentage of its shareholders being institutional. The top 5 institutions with the most significant stake in McDonald's include The Vanguard Group Inc, SSgA Funds Management Inc, BlackRock Fund Advisors, Wellington Management Co.

BLACKROCK AND SINGLE-FAMILY HOMES

Invitation Homes, for example, has approximately 80,000 homes for lease across the country and is the largest landlord for single-family homes in the United States (here) (here).

BlackRock's top three holdings are Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), and Amazon (NASDAQ:AMZN). BLK owns $141 billion of AAPL stock, $120.8 billion of MSFT, and $65.8 billion of AMZN.

The company is also quite diversified, but it is heavily exposed to some large tech stocks. BlackRock's top three holdings are Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), and Amazon (NASDAQ:AMZN). BLK owns $141 billion of AAPL stock, $120.8 billion of MSFT, and $65.8 billion of AMZN.

BlackRock has nearly $10 trillion in assets under management. That's more than the GDP of every country in the world except for the United States and China.

How much of Tesla does BlackRock own? ›

Blackrock, the world's largest asset manager, is the second-biggest institutional investor in Tesla with a 5.62% stake valued at $36.56bn. Founded in 1988, the New York-based firm has a mix of institutional and retail clients worldwide.

Who owns BlackRock? 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.