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Eplaining video for youtube economy channel
Blackrock: The Company that owns the world
There are very few incredible and powerful companies out there, and if you have been keeping your ears to the ground, you have probably heard about a few of them. Some of which are; Koch Industries, Apple, and ABC, but there is a small chance you've not heard of this one, BLACKROCK. This company was founded in 1988 and has grown to become widely regarded as a company that effectively owns the world, managing assets worth approximately $10 trillion and controlling a huge stake in the top companies. So what in the world is Blackrock, and how does a risk management company become the largest asset holder in the world, controlling the funds of potentially millions of ordinary people?
Let's get into it!