BlackRock, Inc. is an American multinational investment management corporation, founded in 1988 by Larry Fink, Robert S. Kapito, and others. It is headquartered in New York City and is considered the world’s largest asset manager, with over $10 trillion in assets under management (AUM) as of 2022.
The company offers various services, including investment management, risk management, and advisory services for institutional and retail clients. BlackRock is known for its iShares ETF (exchange-traded fund) business, one of the largest in the world, which has made passive investing more accessible.
Due to its massive influence and the sheer size of its holdings across various sectors, BlackRock has significant sway in the global economy and financial markets. It is often involved in policy discussions about financial regulation.