BlackRock

BlackRock, Inc.

Headquarters at 50 Hudson Yards, New York City
Company type	Public
Traded as	NYSE: BLK S&P 100 component S&P 500 component
ISIN	US450614482
Industry	Investments
Founded	1988; 36 years ago (1988)
Founders	Robert S. Kapito Larry Fink Susan Wagner
Headquarters	50 Hudson Yards New York City, U.S.
Area served	Worldwide
Key people	Larry Fink (Chairman and CEO) Robert S. Kapito (President) Philipp Hildebrand (Vice chairman)
Services	Investment management Asset management Risk management Mutual funds Exchange-traded funds Index funds
Revenue	US$17.86 billion (2023)
Operating income	US$6.275 billion (2023)
Net income	US$5.502 billion (2023)
AUM	US$10.01 trillion (2023)
Total assets	US$123.2 billion (2023)
Total equity	US$39.35 billion (2023)
Number of employees	≈ 19,800 (December 2023)
Subsidiaries	iShares
Website	blackrock.com
Footnotes / references [1][2]

BlackRock, Inc. is an American multinational investment company. It is the world's largest asset manager, with $10 trillion in assets under management as of December 31, 2023^[update].^[1] Headquartered in New York City, BlackRock has 78 offices in 38 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.^[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 has sought to position itself as an industry leader in environmental, social, and corporate governance (ESG). It has been criticized for investing in companies that are involved in fossil fuels, the arms industry, the People's Liberation Army and human rights violations in China. Others have scrutinized BlackRock for its efforts to reduce its investments in companies that have been accused of contributing to climate change and gun violence and its promotion of gender diversity; the U.S. states of West Virginia, Florida, and Louisiana have divested money away from or refuse to do business with the firm because of its ESG policies. The company has also faced criticism for its close ties with the Federal Reserve during the COVID-19 pandemic.