Outlook Business Desk
Larry Fink is the chairman and CEO of BlackRock, the biggest investment company in the world. He manages investments in many companies across different countries, giving BlackRock a strong presence in the global stock market.
Larry Fink leads BlackRock, the largest asset management firm globally. With over $11trillion in assets under management—equivalent to more than a third of the US economy—BlackRock is now exploring opportunities to expand its business in India. Fink’s net worth surpasses that of Elon Musk and Mukesh Ambani.
Larry Fink started BlackRock in 1988 alongside seven partners. From a small team, the company grew to dominate the global financial industry.
BlackRock is set to launch its mutual fund business in India through a partnership with Mukesh Ambani’s Jio Financial Services Limited. The scale of BlackRock’s operations is immense—by January this year, it managed assets worth $11.6 trillion, an amount that exceeds the GDP of many countries by two to three times.
Asset Management Companies (AMCs) handle investments like mutual funds to help clients grow their money. BlackRock, the world’s largest AMC, plays a major role in global stock markets due to its huge influence and reach.
BlackRock’s entry is expected to attract more foreign investment and strengthen India’s markets, highlighting Larry Fink’s confidence in India’s future growth.