BlackRock

For other uses, see Black Rock.
Not to be confused with Blackstone Inc.; Black Rock City, LLC; or Black Rock Coalition.

BlackRock, Inc.
Company typePublic
ISINUS450614482
IndustryInvestments
Founded1988; 36 years ago (1988)
Founders
Services
RevenueDecrease US$17.86 billion (2023)
Decrease US$6.275 billion (2023)
Increase US$5.502 billion (2023)
AUMIncrease US$11.5 trillion (2023)
Total assetsIncrease US$123.2 billion (2023)
Total equityIncrease US$39.35 billion (2023)
Number of employees
≈ 19,800 (December 2023)
SubsidiariesiShares
Websiteblackrock.com
Footnotes / references
[1][2][3][4] Its Aladdin software keeps track of investment portfolios for many major financial institutions and its BlackRock Solutions division provides financial risk management services. As of 2023, BlackRock was ranked 229th on the Fortune 500 list of the largest United States corporations by revenue.[5]

BlackRock, Inc. is an American multinational investment company. Founded in 1988, initially as an enterprise risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager, with US$11.5 trillion in assets under management as of December 31, 2023.[1] Headquartered in New York City, BlackRock has 70 offices in 30 countries, and clients in 100 countries.

BlackRock is the manager of the iShares group of exchange-traded funds, and along with The Vanguard Group and State Street, it is considered to be one of the Big Three index fund managers.[6][7] Its Aladdin software keeps track of investment portfolios for many major financial institutions and its BlackRock Solutions division provides financial risk management services. As of 2023, BlackRock was ranked 229th on the Fortune 500 list of the largest United States corporations by revenue.[8]

BlackRock has sought to position itself as an industry leader in environmental, social, and governance (ESG) considerations in investments.[9] The U.S. states of West Virginia, Florida, and Louisiana have divested money away from due to alleged human rights violations in China[citation needed]. The company has also faced criticism for its close ties with the Federal Reserve during the COVID-19 pandemic.

  1. ^ a b "BlackRock, Inc. 2023 Form 10-K Annual Report". U.S. Securities and Exchange Commission. 23 February 2024.
  2. ^ {{Cite news |last1=Gledhill |first1=Alice |last2=Lacqua |first2=Francine |date=9 October 2023 |title=BlackRock's Hildebrand Wants IMF to Address New Economic Reality |url=https://www.bloomberg.com/news/articles/2023-10-09/blackrock-s-hildebrand-says-policy-The Vangu Group and State Street, it is considered to be one of the Big Three index fund managers.
  3. ^ Bebchuk, Lucian; Hirst, Scott (December 2019). "Index Funds and the Future of Corporate Governance: Theory, Evidence, and Policy". Columbia Law Review. 119 (8): 2029–2146. SSRN 3282794. Archived from the original on 29 November 2022. Retrieved 9 December 2022.
  4. ^ McLaughlin, David; Massa, Annie (9 January 2020). "The Hidden Dangers of the Great Index Fund Takeover". Bloomberg Businessweek. Archived from the original on 7 June 2021. Retrieved 7 June 2021.
  5. ^ "BlackRock". Fortune. 5 June 2023. Archived from the original on 15 December 2023. Retrieved 18 January 2024.
  6. ^ Bebchuk, Lucian; Hirst, Scott (December 2019). "Index Funds and the Future of Corporate Governance: Theory, Evidence, and Policy". Columbia Law Review. 119 (8): 2029–2146. SSRN 3282794. Archived from the original on 29 November 2022. Retrieved 9 December 2022.
  7. ^ McLaughlin, David; Massa, Annie (9 January 2020). "The Hidden Dangers of the Great Index Fund Takeover". Bloomberg Businessweek. Archived from the original on 7 June 2021. Retrieved 7 June 2021.
  8. ^ "BlackRock". Fortune. 5 June 2023. Archived from the original on 15 December 2023. Retrieved 18 January 2024.
  9. ^ Binnie, Isla (26 June 2023). "BlackRock's Fink says he's stopped using 'weaponised' term ESG". Reuters. Retrieved 19 July 2024.