Submitted by Kane on
This Company Secretly Rules The World.
There are a few incredibly powerful companies out there, and you’ve probably heard about a couple of them, ABC, Apple, and Koch industries for example. But there’s a small chance you've never heard of this one, BlackRock. This company was founded in 1988 and in just less than 30 years, it’s grown to become widely acclaimed as the company that effectively owns the world, managing assets worth approximately 10 trillion dollars.
So what even is Black rock? And how did a risk management company become the largest asset holder in the world, controlling the funds of potentially millions of ordinary people?
BlackRock Inc. is an American multinational investment management corporation based in New York City. It started off as a risk management and fixed income institutional asset manager, eventually growing so large that it operates globally, with 70 offices in 30 countries and clients in 100 countries. So what’s the story here?