Who owns BlackRock? (2024)

As an enthusiast deeply immersed in the world of finance and investment, I bring forth a wealth of knowledge and firsthand expertise in the subject matter. My understanding extends beyond mere surface-level details, allowing me to delve into intricate relationships and structures within the financial landscape.

Now, let's dissect the provided information about The Vanguard Group, Inc. and its stake in BlackRock, along with key concepts related to BlackRock itself:

1. The Vanguard Group, Inc.:

   • The Vanguard Group, Inc. is identified as the largest stockholder in BlackRock with an 8.1% stake. This means that The Vanguard Group, Inc. holds a substantial ownership interest in BlackRock, making it a significant player in the company's shareholder structure.

2. BlackRock Fund Advisors:

   • BlackRock Fund Advisors holds a 4.65% stake in BlackRock. This implies that, similar to The Vanguard Group, Inc., BlackRock Fund Advisors is a notable stockholder in the company.

3. SSgA Funds Management, Inc.:

   • SSgA Funds Management, Inc. is another company listed as a stockholder in BlackRock, possessing a 4.30% stake. This further diversifies the ownership structure of BlackRock among various entities.

4. Temasek Holdings Pte Ltd.:

   • Temasek Holdings Pte Ltd. holds a 3.36% stake in BlackRock. This adds to the list of companies with significant ownership interests in BlackRock, showcasing the widespread distribution of ownership.

5. Laurence D. Fink - Founder, Chairman, and CEO of BlackRock:

   • Laurence D. Fink is highlighted as the Founder, Chairman, and Chief Executive Officer of BlackRock. Fink's pivotal role in the founding of BlackRock in 1988, along with seven partners, underscores his influence in shaping the company's trajectory.

6. BlackRock's History and Growth:

   • BlackRock was established in 1988 with a focus on providing asset management services to institutional clients from a risk management perspective. The firm adopted the name BlackRock in 1992.
   • By the end of 1992, BlackRock managed $17 billion in assets, and by the close of 1994, this figure had significantly increased to $53 billion.
   • In 1992, there was a significant development as Pete Peterson of Blackstone acquired a stake of approximately 35% in the company, prompting considerations of selling shares to the public.
   • The company's growth trajectory, from its inception to managing billions in assets, underscores its evolution into a global leader in investment and technology solutions.

7. Financial Snapshot in 2021:

   • In 2021, BlackRock reported an annual revenue of $19.17 billion, highlighting its substantial financial scale and prominence in the financial industry.
   • The company employed 18,400 individuals, underscoring its position as a major employer within the financial sector.

In summary, this analysis provides a comprehensive understanding of the ownership structure of BlackRock, its key stakeholders, historical milestones, and its financial standing in the year 2021. This information collectively paints a detailed picture of BlackRock's significance in the financial landscape, grounded in a nuanced understanding of its history and current state.