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JP Morgan Chase, Wells Fargo, and Citi Group are some of the first banks that come to mind when we think of the largest financial institutions in the world. However, all of these banks are dwarfed in size by the largest shadow banks in the world. One of these shadow banks is BlackRock who currently manages an eye-popping $9.5 trillion. To put that into perspective, the market caps of Google, Apple, Facebook, and Amazon combined is only $ trillion. The GDP of the US itself is only $ trillion or a little of twice BlackRock's assets under management. What's even more surprising is that, unlike their financial competitors, BlackRock is extremely young. BlackRock is not even 35 years old having been founded in 1988 or 12 years after Apple and 189 years after Chase. This video explains the story of BlackRock and how they were able to rapidly grow to nearly $10 trillion in assets under management. Socials: Discord Community: Timestamps: 0:00 - $9.5 Trillion Shadow Bank 0:55 - Founding BlackRock 2:26 - Building Momentum 4:35 - Establishing Reputation 6:12 - Crushing 2008 8:27 - Dominant Legacy 9:33 - The $9.5 Trillion Portfolio Thumbnail Credit: Resources:
