BlackRock, Inc., founded in 1988 by Larry Fink and partners, is the world's largest asset manager, overseeing a staggering $15.3 trillion in assets as of 2026. Originally launched as Blackstone Financial Management with backing from The Blackstone Group, it was sold to PNC Financial Services in 1994 and went public on the NYSE in 1999. The firm manages the iShares ETF family and is a key player in index funds, while its Aladdin software and BlackRock Solutions division provide risk management for major financial institutions. BlackRock has positioned itself as a leader in ESG (environmental, social, and governance) investing, but this stance has led to divestment from states like West Virginia, Florida, and Louisiana. It also faces criticism for its investments in fossil fuels, the arms industry, and companies linked to human rights violations in China. With 70 offices in 30 countries, it ranks 210th on the Fortune 500, reflecting its massive global footprint.