Who owns BlackRock?

BlackRock is one of the most well-known investment and asset management companies in the world, based in New York City. It was founded in 1988 by 8 financial professionals, including Larry Fink, Susan Wagner, Barbara Novick and Robert S. Kapito, who wanted to make the financial advisory industry more transparent and efficient.

The company is best known for bringing innovation to what is considered a very pragmatic field by developing innovative portfolio management software known as Aladdin. In the 2Q of 2024, the company's assets under management (AUM) hit a record $10.6 trillion, up $1.2 trillion year-over-year.

Blackrock shares were owned by institutional investors. This means that over half of the Blackrock Inc shareholders were investment firms and asset managers, similar to BlackRock, which hold shares on behalf of their clients.