Not only do BlackRock, Vanguard, and State Street own everything, they also own shares in each other. Antitrust is dead; it’s basically one big monopoly. These three firms own corporate America
They are the most well known private equity firm, but when I learned they are in the 40th place of how many assets they own and manage I was flabbergasted… Worth giving in some more time to understand what happened to the financial world in the past 25-30 years.
https://www.visualcapitalist.com/worlds-50-largest-private-equity-firms/ . Personally I can’t wrap my head around how much money this ultra rich club has.
Just be aware that BlackRock is capitalism’s final boss.
Wait, they own the equivalent of 1/3 US yearly GDP?
Not only do BlackRock, Vanguard, and State Street own everything, they also own shares in each other. Antitrust is dead; it’s basically one big monopoly. These three firms own corporate America
Very cool article!
They are the most well known private equity firm, but when I learned they are in the 40th place of how many assets they own and manage I was flabbergasted… Worth giving in some more time to understand what happened to the financial world in the past 25-30 years. https://www.visualcapitalist.com/worlds-50-largest-private-equity-firms/ . Personally I can’t wrap my head around how much money this ultra rich club has.
Blackstone is not BlackRock, but yes they are also scary. 📺 So does private equity own everything?