BlackRock's $15T Empire and Global Power | Business and Finance News

BlackRock just shattered another record, managing $15 trillion — more than the GDP of nearly every country except the US and China. Driven by $321 billion in new client money and stellar market performance, the firm’s revenue jumped 31% to over $7 billion. CEO Larry Fink credits strong markets and tech for the surge, while the firm’s massive scale — $6 trillion in stocks, $3.4 trillion in bonds, and $6 trillion in ETFs — gives it outsized influence. From blocking a $43 billion Panama Canal port deal to lobbying for 401(k) reforms that could boost profits, BlackRock’s reach spans global deals and US policy, wielding power as the world’s largest asset manager. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/41e77c65070b89d4