People often talk about the world’s richest individuals like Elon Musk, Jeff Bezos, and Mark Zuckerberg, but there is another billionaire whose net worth, though not listed alongside these business tycoons, astonishes many. Here, we are talking about Larry Fink. He is the CEO of the world’s biggest financial company, BlackRock. He has recently been in the news for his remarks about Bitcoin where he speculated that it would reach $700K. He made the statements during the World Economic forum at Davos.
Fink founded BlackRock in 1988. Today, the company is valued at $7.4 trillion, making it the world’s largest financial firm. In 2024, BlackRock’s market capitalization reached $12.808 trillion, securing its position as the 102nd largest company globally. The firm’s management controls a vast capital, surpassing the GDP of several countries. BlackRock holds 10% of the total shares and bonds worldwide and is often referred to as the ‘Biggest Shadow Bank’.
Larry Fink is the CEO of BlackRock, yet his name is not listed among the world’s richest billionaires. The reason behind this is that his company primarily manages public funds. Fink makes the decisions on which companies and markets BlackRock will invest in. BlackRock has invested in major global companies, and several Indian companies have also received significant investments from the firm.
According to a report published by Vanity Fair, Larry Fink is believed to be a key influential figure between Washington and Wall Street. Whenever the United States faces financial trouble, the government and several firms turn to Fink for solutions.
Recently, Fink made a bold claim about cryptocurrency, particularly Bitcoin. In an interview with Bloomberg, he stated that the price of Bitcoin could reach $700k.
