IfyouGoogle anybody's networth, it's often inaccurate. What they're really worth is often much more than what Forbes tells us. This is the case with Larry Fink. Forbes says he's worth 1 billion dollars, but he manages a 10 trillion-dollar fund, more than Ray Dalio or Soros could ever accumulate. BlackRock and Vanguard own 80 percent of the S&P 500, which means that if they were to withdraw their investments, we could expect a recession. They are the primary market makers. Only twocountries have a GDP higher than BlackRock's fund, which are China and the USA. Larry is certainly not worth just a billion dollars; he's probably the richest man in the world. While he maynot withdraw his fund from BlackRock, he certainly has the power to do so. BlackRock can make or break any company.
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Posted Sunday, September 17, 2023
2mo
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The most powerful man in the world.
If you Google anybody's net worth, it's often inaccurate. What they're really worth is often much more than what Forbes tells us. This is the case with Larry Fink. Forbes says he's worth 1 billion dollars, but he manages a 10 trillion-dollar fund, more than Ray Dalio or Soros could ever accumulate. BlackRock and Vanguard own 80 percent of the S&P 500, which means that if they were to withdraw their investments, we could expect a recession. They are the primary market makers. Only two countries have a GDP higher than BlackRock's fund, which are China and the USA. Larry is certainly not worth just a billion dollars; he's probably the richest man in the world. While he may not withdraw his fund from BlackRock, he certainly has the power to do so. BlackRock can make or break any company.
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He truly is someone we should all take note of
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