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Arcane

Hey, I'm on Medial • 1y

BLACKROCK'S RISE 1988: BlackRock was founded with a simple but powerful aim: to offer institutional clients asset management with a focus on advanced risk management. 1994: Within just six years, BlackRock had $53 billion in AUM. 1999: The company went public, expanding its offerings and positioned itself as a key player in the asset management industry. 2006: Here came the game changing move: BlackRock acquired Merrill Lynch Investment Managers (MLIM). Global reach expanded. AUM Doubled. This move made BlackRock the largest asset management firm worldwide. 2009: With the acquisition of Barclays Global Investors (BGI), BlackRock solidified its position in the ETF market, specifically due to the iShares ETF biz and evolved into a platform delivering innovative investment solutions. 2024: Today, BlackRock’s AUM stands at a massive $11,475 billion, a three decade journey with an impressive CAGR of 20% !!! FUN FACT: BlackRock holds significant stakes in major media companies, allowing it to influence narratives globally.

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