Who Owns Blackrock
Share
Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
Please briefly explain why you feel this question should be reported.
Please briefly explain why you feel this answer should be reported.
Please briefly explain why you feel this user should be reported.
?
BlackRock is one of the largest asset management firms in the world. With nearly $7.4 trillion in assets under management, it is a major force in global finance. But when it comes to who actually owns BlackRock, the question is not so easily answered.
First and foremost, BlackRock is a publicly traded, for-profit corporation. The company is majority-owned by several institutional investors, including Capital Group, The Vanguard Group, and State Street Global Advisors.
The majority allowed on BlackRock’s board, however, falls to one individual: Laurence Fink, who is both the Chairman and founder of BlackRock. Fink has been with the company since its founding in 1988, and currently holds an 18.1% stake in the company.
BlackRock also has a significant number of institutional shareholders – large pension funds, mutual funds, endowments, and others. BlackRock has hundreds of these investors, and in 2018, Vanguard, T. Rowe Price, State Street and Fidelity Investments were among the top shareholders. Collectively, these institutional investors hold about 54.4% of the voting rights for BlackRock.
The rest of the shareholders consist of individual investors, and government and nonprofit entities. In addition, BlackRock’s employees have a stake in the business, too. Many of them have received various equity awards, including stock options and units, that award them a portion of the company’s profits.
Lastly, BlackRock is owned by its shareholders and managed by an independent board of directors. By law, shareholders are the true owners of the company and are responsible for electing the board of directors and approving all major decisions regarding the firm.
Though BlackRock is a publicly traded company, the ownership structure is complex and varied. Institutional investors, individual investors, government and nonprofit entities and BlackRock’s staff all have a stake in the company. However, Laurence Fink and the independent board of directors ultimately have the power to make all major decisions.