{"id":57563,"date":"2024-10-15T03:01:32","date_gmt":"2024-10-14T16:01:32","guid":{"rendered":"https:\/\/www.tomgrimshaw.com\/tomsblog\/maintenance.html\/?p=57563"},"modified":"2024-10-15T03:01:32","modified_gmt":"2024-10-14T16:01:32","slug":"blackrocks-assets-reach-11-5-trillion-now-nearly-11-of-global-gdp-raising-concerns-over-expansive-influence","status":"publish","type":"post","link":"https:\/\/www.tomgrimshaw.com\/tomsblog\/?p=57563","title":{"rendered":"BlackRock\u2019s Assets Reach $11.5 Trillion\u2014Now Nearly 11% of Global GDP, Raising Concerns Over Expansive Influence"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-57564\" src=\"https:\/\/www.tomgrimshaw.com\/tomsblog\/wp-content\/uploads\/2024\/10\/Bundles_Of_Money.jpg\" alt=\"Bundles Of Money\" width=\"1456\" height=\"1048\" srcset=\"https:\/\/www.tomgrimshaw.com\/tomsblog\/wp-content\/uploads\/2024\/10\/Bundles_Of_Money.jpg 1456w, https:\/\/www.tomgrimshaw.com\/tomsblog\/wp-content\/uploads\/2024\/10\/Bundles_Of_Money-300x216.jpg 300w, https:\/\/www.tomgrimshaw.com\/tomsblog\/wp-content\/uploads\/2024\/10\/Bundles_Of_Money-1024x737.jpg 1024w, https:\/\/www.tomgrimshaw.com\/tomsblog\/wp-content\/uploads\/2024\/10\/Bundles_Of_Money-768x553.jpg 768w\" sizes=\"auto, (max-width: 767px) 89vw, (max-width: 1000px) 54vw, (max-width: 1071px) 543px, 580px\" \/><\/p>\n<p>BlackRock Inc., the world\u2019s 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.<\/p>\n<p>Leaving out the U.S. and China, BlackRock\u2019s AUM is greater than the GDP of every other country in the world.<\/p>\n<p>The money manager owns controlling shares of the biggest international corporations across every major industry.<\/p>\n<p>The milestone not only underscores BlackRock\u2019s unprecedented growth but also brings into focus the vast influence it holds over global markets and corporate policies.<\/p>\n<p>With shares across nearly every major sector, BlackRock is in a position to steer the policies and political directions of numerous companies.<\/p>\n<p>CEO Larry Fink has openly acknowledged this influence, revealing in a 2017 interview that BlackRock is actively \u201cforcing behaviors\u201d on the companies it owns.<\/p>\n<p>\u201cBehaviors are gonna have to change, and this is one thing we\u2019re asking companies. You have to force behaviors, and at BlackRock, we are forcing behaviors,\u201d Fink stated.<\/p>\n<p>BlackRock\u2019s 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 \u201cclimate change,\u201d so-called Diversity, Equity, and Inclusion (DEI), and the WEF\u2019s controversial \u201cGreat Reset.\u201d<\/p>\n<p>Depopulation Agenda Endorsed by WEF-Allied BlackRock CEO Larry Fink: &#8216;Shrinking Populations&#8217; Better for &#8216;Robotics and AI&#8217; Takeover.<\/p>\n<p><a href=\"https:\/\/jonfleetwood.substack.com\/p\/blackrocks-assets-reach-115-trillionnow\">https:\/\/jonfleetwood.substack.com\/p\/blackrocks-assets-reach-115-trillionnow<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BlackRock Inc., the world\u2019s 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\u2019s AUM is greater than the GDP of every other country in the world. The money manager owns &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.tomgrimshaw.com\/tomsblog\/?p=57563\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;BlackRock\u2019s Assets Reach $11.5 Trillion\u2014Now Nearly 11% of Global GDP, Raising Concerns Over Expansive Influence&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-57563","post","type-post","status-publish","format-standard","hentry","category-general-interest"],"_links":{"self":[{"href":"https:\/\/www.tomgrimshaw.com\/tomsblog\/index.php?rest_route=\/wp\/v2\/posts\/57563","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.tomgrimshaw.com\/tomsblog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tomgrimshaw.com\/tomsblog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tomgrimshaw.com\/tomsblog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tomgrimshaw.com\/tomsblog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=57563"}],"version-history":[{"count":1,"href":"https:\/\/www.tomgrimshaw.com\/tomsblog\/index.php?rest_route=\/wp\/v2\/posts\/57563\/revisions"}],"predecessor-version":[{"id":57565,"href":"https:\/\/www.tomgrimshaw.com\/tomsblog\/index.php?rest_route=\/wp\/v2\/posts\/57563\/revisions\/57565"}],"wp:attachment":[{"href":"https:\/\/www.tomgrimshaw.com\/tomsblog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=57563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tomgrimshaw.com\/tomsblog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=57563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tomgrimshaw.com\/tomsblog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=57563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}