BlackRock Inc., the world’s largest asset manager, has seen its assets under management (AUM) swell to a staggering $11.5 trillion, a sum that now represents almost 11% of the global GDP.
Leaving out the U.S. and China, BlackRock’s AUM is greater than the GDP of every other country in the world.
The money manager owns controlling shares of the biggest international corporations across every major industry.
The milestone not only underscores BlackRock’s unprecedented growth but also brings into focus the vast influence it holds over global markets and corporate policies.
With shares across nearly every major sector, BlackRock is in a position to steer the policies and political directions of numerous companies.
CEO Larry Fink has openly acknowledged this influence, revealing in a 2017 interview that BlackRock is actively “forcing behaviors” on the companies it owns.
“Behaviors are gonna have to change, and this is one thing we’re asking companies. You have to force behaviors, and at BlackRock, we are forcing behaviors,” Fink stated.
BlackRock’s sway extends beyond mere financial metrics; as an official partner of the World Economic Forum (WEF), it is aligned with a global agenda advocating for initiatives involving “climate change,” so-called Diversity, Equity, and Inclusion (DEI), and the WEF’s controversial “Great Reset.”
Depopulation Agenda Endorsed by WEF-Allied BlackRock CEO Larry Fink: ‘Shrinking Populations’ Better for ‘Robotics and AI’ Takeover.
https://jonfleetwood.substack.com/p/blackrocks-assets-reach-115-trillionnow