Between 2008 and 2009, BlackRock’s assets under management climbed from $1.31 trillion to $3.35 trillion - a 250%+ boost in a single year. Surpassing the $4 trillion mark in 2014 to become the largest asset manager in the world, BlackRock more than doubled its fortune to $8.68 trillion six years later in 2020, as the Covid pandemic swept the globe.
“I do believe, emotionally, those who truly believe in a capitalistic system will be flooding Ukraine with capital,” Larry Fink predicted in January 2023. “And I’m not talking about philanthropy…I’m talking about if we can rebuild Ukraine, it can be a beacon to the rest of the world of the power of capitalism,” the financier said.
“What essentially is happening under the guise of attracting private investment for large-scale projects in key areas of the economy, is a transfer of state sovereignty to external corporate management of the world’s largest investment fund, headquartered in New York,” he said.
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