BlackRock—owner of FOX News, CNN, ABC, CBS, MSNBC, Pfizer, Moderna, AstraZeneca, J&J—predicted to cross $10 trillion in managed assets by end of 2021.
- BlackRock Inc., the world’s largest money manager, is nearing the extraordinary milestone of $10 trillion in assets under management, Pensions & Investments (P&I) reported Friday.
- BlackRock declared $9.46 trillion in AUM (assets under management) as of Sep. 30.
- But according to a P&I estimate based on market returns and averaging recent inflows, “BlackRock’s AUM is around $9.9 trillion as of mid-November.”
- “And if those trends hold,” P&I predicts, “BlackRock could cross the $10 trillion mark before the end of the year, according to P&I estimates.”
- “To put that number in perspective, consider that only two countries—the U.S. and China—boast higher GDP than $10 trillion as of 2020,” the piece goes on to say.
- BlackRock owns major shares of Fox Corp, CNN, ABC, CBS, and MSNBC.
- BlackRock also owns major shares of Pfizer, AstraZeneca, Moderna, and Johnson & Johnson.