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Meet CEO who can own half of India and US, richer than Mukesh Ambani, Elon Musk, Jeff Bezos, his net worth is...
Meet man who manages USD 7.4 trillion in assets making him one of the wealthiest yet lesser-known figures in finance, with significant influence over...
Updated : Jan 27, 2025, 04:54 PM IST
 "Meet CEO who is richer Elon Musk and Mukesh Ambani")
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Elon Musk, Jeff Bezos, Bill Gates, Mukesh Ambani, and Gautam Adani are commonly recognized as some of the richest individuals in the world. However, there is one person wealthier than Musk, Gates, and Bezos in the United States who remains under the radar, Larry Fink. He is the CEO of BlackRock, the world’s largest asset management company. Despite managing USD 7.4 trillion in assets, Fink’s name rarely appears on billionaire lists.
BlackRock plays a massive role in global finance, investing in businesses worldwide and managing public funds through mutual funds. The firm oversees assets worth USD 11.5 trillion, a figure larger than the GDP of many nations. BlackRock’s market capitalization as of December 2024 stands at Rs 12.808 trillion, making it the 102nd most valuable company globally. To put it into perspective, BlackRock’s valuation is nearly half the GDP of the United States.
Fink’s immense influence is recognized in political and financial circles, especially on Wall Street and in Washington. According to a 2010 Vanity Fair article, he is considered one of the most powerful figures in global finance, yet remains unknown to most people. During the 2008 financial crisis, Fink’s expertise was sought after by top Wall Street leaders and U.S. government officials. He played a crucial role in landmark financial rescues, including the $30 billion Bear Stearns sale, the $180 billion bailout of AIG, the $45 billion rescue of Citigroup, and major aid for Fannie Mae and Freddie Mac.
Fink is also optimistic about Bitcoin. Speaking at the World Economic Forum, he predicted that Bitcoin’s value could potentially reach USD 700,000. He described it as the “currency of fear,” offering stability to those concerned about political or economic uncertainties.
Despite his wealth and power, Larry Fink remains a quiet yet commanding force in the financial world.
