BlackRock Statistics (2024)

blackrock statistics 2024

BlackRock, the world’s largest asset manager, continues to demonstrate its market dominance and resilience heading into 2024. With assets under management rebounding to $10 trillion, up from $8.59 trillion in 2022, and a market capitalization of over $123 billion, BlackRock is poised to navigate the evolving economic landscape adeptly.

Key Data – BlackRock

  • As of March 2024, BlackRock‘s market cap is $123.09 Billion.
  • The revenue for BlackRock in 2023 was $17.85 billion.
  • As of Q2 2023, BlackRock’s assets under management (AUM) had risen to about 10 trillion U.S. dollars from 8.59 trillion in 2022.

Overview of BlackRock

Key StatKey Information
Area servedWorldwide
Company TypePublic Company
Type of IndustryInvestment management
Year Founded1988
Type of CompanyPrivate
FoundersRobert S. Kapito, Larry Fink, Susan Wagner
Headquarters50 Hudson Yards New York City, U.S.A
SubsidiariesiShares
Key peopleLarry Fink (Chairman and CEO), Robert S. Kapito (President), Philipp Hildebrand (Vice-chairman)
ProductsAsset management, Risk management, Mutual funds, Exchange-traded funds, Index funds
Market Capitalization$123.09 Billion (March, 2024)
Revenue$17.85 billion (2023)
Number of employees19,800+ (2023)
Websiteblackrock.com

BlackRock at Glance

Established in 1988, BlackRock has grown into a leading investment management firm with assets under management (AUM) of approximately $9.4 trillion as of November 2023. The firm’s growth and influence, extending over 100 nations, are driven by a commitment to client financial well-being. BlackRock manages the renowned iShares exchange-traded funds, and its Aladdin software provides portfolio management for global institutions.

BlackRock is dedicated to sustainability. It advocates for a net-zero carbon economy by 2050 and emphasizes transparency in climate strategies. Despite criticism over investments in controversial sectors, BlackRock strives to balance returns with ethical considerations.

As a fiduciary, BlackRock prioritizes its clients’ interests. It aims to empower financial security and contribute to a more equitable world. Through its investments, the firm addresses challenges like inequality and climate change.

Looking to the future, BlackRock remains dedicated to promoting financial well-being and investing in sustainable solutions that benefit the market and society.

Source: Statista

What services does the BlackRock Group offer?

BlackRock is a significant investment player. It mainly invests in equity securities, complemented by bonds, cash, and alternative assets like real estate. Over half of these assets belong to clients in the Americas. BlackRock manages over 1,000 individual funds, offering diverse investment choices ranging from active to passive management, regional focus, asset-specific, or index-tracking funds. The tech sector has shown exceptional growth.

Their closest competitors, Vanguard and State Street, manage significantly fewer assets.

  • Like BlackRock, Vanguard offers various funds.
  • State Street manages over $3.4 trillion, also focuses on equities and fixed-income assets.

This landscape highlights BlackRock’s leading position and innovative investment management approach.

Source: Statista

BlackRock Market Capitalization

BlackRock Market Capitalization

As of March 2024, BlackRock’s market cap is $123.09 Billion.

YearMarket capChange
2024$123.09 billion1.93%
2023$120.76 billion13.47%
2022$106.43 billion-23.36%
2021$138.87 billion26.2%
2020$110.04 billion41.05%
2019$78.01 billion25.4%
2018$62.21 billion-24.85%
2017$82.78 billion32.93%
2016$62.27 billion10.44%
2015$56.38 billion-5.52%
2014$59.68 billion11.78%
2013$53.39 billion50.87%
2012$35.39 billion11.36%
2011$31.78 billion-12.78%
2010$36.43 billion-16.89%
2009$43.84 billion176.54%
2008$15.85 billion-37.65%
2007$25.42 billion43.8%
2006$17.68 billion154.69%
2005$6.94 billion41.15%
2004$4.91 billion44.49%
2003$3.40 billion33.1%
2002$2.55 billion-4.86%
2001$2.68 billion

Source: Companies Market Cap

BlackRock Revenue

BlackRock Revenue

According to the most recent financial reports provided by the global investment management company BlackRock, the firm’s current trailing twelve months (TTM) revenue stands at a significant $17.85 billion. In 2022, the company generated an income of $17.87 billion.

This figure represents a slight decrease compared with the revenue figures from 2021, which were reported at an even higher $19.37 billion.

YearRevenueChange
2023$17.85 billion-0.08%
2022$17.87 billion-7.75%
2021$19.37 billion19.56%
2020$16.20 billion11.46%
2019$14.53 billion2.4%
2018$14.19 billion6.71%
2017$13.30 billion19.27%
2016$11.15 billion-2.16%
2015$11.40 billion2.89%
2014$11.08 billion8.85%
2013$10.18 billion9.03%
2012$9.33 billion2.82%
2011$9.08 billion5.45%
2010$8.61 billion83.23%
2009$4.70 billion-7.18%
2008$5.06 billion4.52%
2007$4.84 billion130.92%
2006$2.09 billion76.1%
2005$1.19 billion64.26%
2004$0.72 billion38.69%
2003$0.52 billion-9.36%
2002$0.57 billion7.69%
2001$0.53 billion

Total Assets Under Management (AUM) of BlackRock

Total Assets Under Management (AUM) of BlackRock

As of the second quarter of 2023, the New York City-based asset management company BlackRock had total assets under management (AUM) of around 10 trillion U.S. dollars, compared to 8.59 trillion U.S. dollars in 2022.

YearAssets Under Management (AUM)
2023$10.01 trillion
2022$8.59 trillion
2021$10.01 trillion
2020$8.68 trillion
2019$7.43 trillion
2018$5.98 trillion
2017$6.29 trillion
2016$5.15 trillion
2015$4.65 trillion
2014$4.65 trillion
2013$4.32 trillion
2012$3.79 trillion
2011$3.51 trillion

Source: Statista

BlackRock’s Top 10 Largest ETFs

BlackRock's Top 10 Largest ETFs

BlackRock offers a wide range of 429 exchange-traded funds (ETFs) in the United States. These U.S.-listed BlackRock ETFs collectively manage a staggering $2.77 trillion in assets. On average, the expense ratio, which represents the annual fee charged by the ETFs, is 0.30% for BlackRock’s ETF lineup

SymbolFund NameAssets (Billions)
IVViShares Core S&P 500 ETF$449.69
IEFAiShares Core MSCI EAFE ETF$114.57
AGGiShares Core U.S. Aggregate Bond ETF$104.00
IWFiShares Russell 1000 Growth ETF$89.27
IJHiShares Core S&P Mid-Cap ETF$83.53
IJRiShares Core S&P Small Cap ETF$77.95
IEMGiShares Core MSCI Emerging Markets ETF$76.00
IWMiShares Russell 2000 ETF$63.62
IWDiShares Russell 1000 Value ETF$55.33
ITOTiShares Core S&P Total U.S. Stock Market ETF$53.82

Source: stockanalysis

Overview: BlackRock Investments and Acquisitions

BlackRock Investments

BlackRock, a prominent global investment management corporation, has an impressive track record of making 338 investments. The latest addition to their portfolio of assets was made recently, precisely on March 13, 2024.

During this investment round, they financially supported a company named PPRO, which successfully raised the necessary funds to continue their initiatives and business operations.

Announced DateOrganization NameFunding RoundMoney Raised
Mar 13, 2024PPROPrivate Equity Round – PPRO€85 million
Mar 7, 2024Lodha GroupPost-IPO Equity – Lodha Group₹32.8 billion
Mar 5, 2024RapidSOSSeries C – RapidSOS$75 million
Feb 29, 2024EnviriaSeries B – Enviria€185 million
Feb 24, 2024Montage Hotels & ResortsPrivate Equity Round – Montage Hotels & Resorts
Feb 22, 2024Antora EnergySeries B – Antora Energy$150 million
Feb 19, 2024Lake Turkana Wind PowerPrivate Equity Round – Lake Turkana Wind Power
Feb 15, 2024Kairos AerospaceSeries D – Kairos Aerospace$52 million
Feb 7, 2024PagayaPost-IPO Debt – Pagaya$280 million
Jan 31, 2024Ditrolic EnergyPrivate Equity Round – Ditrolic Energy

Source: CrunchBase

Acquisitions

BlackRock, an influential and globally recognized company, has successfully acquired 24 organizations.

These acquisitions have further expanded its portfolio and diversified its operations. Their most recent acquisition, SpiderRock Advisors, adds to its impressive list.

This acquisition occurred on March 8, 2024, marking another strategic move by BlackRock to enhance its position in the industry.

Acquiree NameAnnounced DatePriceTransaction Name
SpiderRock AdvisorsMar 8, 2024SpiderRock Advisors acquired by BlackRock
Global Infrastructure PartnersJan 12, 2024$12.5 billionGlobal Infrastructure Partners acquired by BlackRock
Kreos CapitalJun 8, 2023Kreos Capital acquired by BlackRock
Environmental 360 Solutions E360SFeb 16, 2023Environmental 360 Solutions E360S acquired by BlackRock
Alacrity SolutionsFeb 2, 2023Alacrity Solutions acquired by BlackRock
Jupiter PowerNov 14, 2022Jupiter Power acquired by BlackRock
Paradigm Oral SurgerySep 22, 2022Paradigm Oral Surgery acquired by BlackRock
solarZeroSep 13, 2022NZ$100 millionsolarZero acquired by BlackRock
Akaysha EnergyAug 16, 2022Akaysha Energy acquired by BlackRock
Vanguard RenewablesJul 20, 2022$700 millionVanguard Renewables acquired by BlackRock

Source: CrunchBase

BlackRock Ownership Overview

BlackRock operates as an independent public entity, without a single majority shareholder exerting overarching control.

  • The PNC Financial Services Group, Inc. holds a minority ownership stake, showcasing the broad nature of ownership within BlackRock.
  • To further reinforce this independent structure, most of the members on the BlackRock board of directors are independent, not tied to any specific interest group within the company.

BlackRock’s initial public offering took place in 1999, and it has since been trading on the New York Stock Exchange under the ticker symbol “BLK”. This was a key event in the company’s journey, underlining its growth and standing in the financial sector.

In April 2011, BlackRock was added to the S&P 500 Index, a compilation of the 500 largest companies listed on the NYSE or NASDAQ.

Ownership of BlackRock’s stock, represented as BLK, is spread across a diverse range of both individual and institutional investors. The majority of the shares are held by institutional investors, such as mutual funds, endowments, and pension funds.

As of the latest data from April 2023, these institutional investors owned a significant 61.87% of BLK shares, highlighting their crucial role in the company’s financial structure.

  • The Vanguard Group: 9.04%
  • State Street Corp: 4.21%
  • Bank of America: 3.45%

Other large shareholders include:

  • Laurence D. Fink: 520,124 shares
  • Susan L. Wagner: 429,362 shares
  • Robert S. Kapito: 210,104 share

Source: BlackRock 1, BlackRock 2

BlackRock Leadership

BlackRock is a global investment management firm led by Chairman and CEO Laurence D. Fink. Supported by key executives such as CFO Martin Small and CLO Chris Meade, his leadership has driven BlackRock’s success.

Rick Rieder serves as the CIO of Global Fixed Income, and Samara Cohen is the CIO of ETF and Index Investments. Chief Risk Officer Ed Fishwick safeguards the firm’s assets and reputation.

Global Head of Technology & Operations Derek Stein ensures operational efficiency, and Rachel Lord and Susan Chan lead international and Asia Pacific strategies, respectively. Joud Abdel Majeid, the Global Head of Investment Stewardship, promotes ethical investment practices.

The firm’s Board of Directors, including Murry S. Gerber, Chuck Robbins, and Fabrizio Freda, provide guidance and oversight.

This team continues to drive BlackRock’s value creation for its clients, shareholders, and society.

How Many Employees of BlackRock Are There?

As of the end of 2023, BlackRock’s global investment management corporation had a total employee headcount of 19,800.

This figure encompasses all roles across the company, from executive leadership to operational personnel, and represents its worldwide workforce.

YearBlackRock Employees Headcount
202319,800 employees
202219,800 employees
202118,400 employees
202016,500 employees
201916,200 employees
201814,900 employees
201713,900 employees
201613,000 employees
201513,000 employees
201412,200 employees
201311,400 employees
201210,500 employees
201110,100 employees
20109,127 employees
20098,629 employees

Source: Macrotrends

Where Are the Headquarters of BlackRock?

BlackRock, a global leader in investment management, risk management, and advisory services, is headquartered in the bustling city of New York, specifically at 50 Hudson Yards.

This location is the central hub for its operations in the United States. However, it is worth noting that BlackRock’s presence extends far beyond New York.

The firm has an expansive network of 66 office locations scattered across various regions. This includes many branches throughout the United States, each critical to serving the diverse needs of their clientele and contributing to the organization’s overall success.

CountryCityAddress
United StatesNew York50 Hudson Yards HQ
United StatesAtlanta725 Ponce de Leon Ave NE
United StatesBoston60 State Street
United StatesChicago227 West Monroe Street
United StatesDallas5910 North Central Expressway
United StatesDenver44 Cook Street
United StatesGreenwichOne Lafayette Place
United StatesHouston609 Main at Texas 609 Main Street
United StatesMiami701 Brickell Avenue, Suite 1250
United StatesNewport Beach4400 MacArthur Boulevard

Source: Craft

YOU MIGHT ALSO LIKE

triple top pattern

Mastering the Triple Top Pattern

The Triple Top pattern stands as a sentinel at the peak of market trends, signaling a potential shift from bullish exuberance to bearish caution. This

what is delta in options trading

What Is Delta In Options Trading

Delta, in the realm of options trading, serves as a pivotal metric that quantifies the sensitivity of an option’s price to fluctuations in the price

© 2019 Cheddar Flow. All Rights Reserved.

Discover Hidden Trading Opportunities

Cheddar Flow allows you to make well-informed trading decisions to maximize your profits.