BlackRock, these financiers who run the world | ARTE.
Published on 30.6.2022
BlackRock is not the only mega-corporation (private investment company) that dominates every aspect of our lives: these four companies Vanguard, Blackrock, State Street and Berkshire Hathaway are the four largest investment companies on the planet . They are behind the global takeover in all areas.
Blackrock in 2022 no longer manages $6 trillion… but 10 trillion! But Blackrock is only the biggest: at the end of 2020 the 500 largest asset managers in the world managed some 120 trillion dollars (Blackrock was then at around 8.5 trillion). In the Top 20, which manages a little less than half of the total, there are 14 US managers and 6 Europeans, including 3 French (just over 5,000 billion in assets managed between them). All present a major risk, not only Blackrock…
Little riddle: who is the man who controls more than 4,900 billion dollars, much more than the GDP of France?
Warren Buffett the richest man in the world in 2008?
Lloyd Blankfein, the boss of Goldman Sachs? No way !
His name is Laurence Douglas Fink said Larry Fink, born in 1952 and runs BlackRock, the largest asset management firm in the world. You had never heard of it?
Normal, BlackRock is almost unknown outside of Wall Street.
Another riddle: Who is the largest shareholder of Total, Air Liquide, Valeo, Vinci, Unibail, etc.? ? Yes, it’s still BlackRock! Read more here
Very discreet, BlackRock is nevertheless the most powerful asset manager on the planet. Investigation into the disturbing and indecent omnipresence of BlackRock’s big money-makers in world political and economic life.
If money does not bring happiness, it undoubtedly opens the doors to power. A maxim that the Blackrock asset management group, with its past 6,000 billion US dollars, more than twice the GDP of France, knows well. Companies, governments and central banks: the sprawling company has continued to expand its influence in all directions since its creation in 1988 by Larry Fink. The strength of this American management giant lies in the billions of dollars entrusted to it by its clients, mostly big fish in finance: multinationals, financial institutions and investment or pension funds. Thanks to this financial windfall, the group has grabbed hold of many multinationals. Currently, Blackrock is among others present in the capital of Apple, Microsoft, Facebook, McDonald’s, Siemens, as well as many CAC 40 companies.
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Not content with investing in the best-rated companies in the world, the asset manager is also in the small papers of central bank governors, finance ministers and even heads of state, to whom he provides valuable advice. . And for good reason: it has not only the best financial experts, but also an unequaled economic forecasting algorithm, Aladdin. During the financial crisis of 2008, many governments close to the sinking had appealed to the group of Larry Fink, which allowed him to strengthen his grip on the world economy and to present to all the face of a providential company…
Sprawling empire In civil society, some are concerned about the group’s ultra-dominant position, now capable of influencing the global economy and blowing in the ears of decision-makers. Its flagship tool, Aladdin, is also a source of concern: it is pushing for a standardization of global investment, which could amplify the domino effect in the next financial crisis. This shock investigation by Tom Ockers denounces the worrying and indecent omnipresence of the big money-makers of Blackrock in world political and economic life. Conducted in five different countries, it paints a detailed portrait of one of the most influential financial groups in the world, completely unknown to the general public.
Documentary by Tom Ockers (Germany, 2019, 1h30mn) Rebroadcast available until 07/09/2022