BlackRock is an American multinational investment company founded in 1988. It is the world's largest asset manager, with over $10 trillion in assets under management. BlackRock primarily operates in the asset management business, managing assets on behalf of clients who own those assets. The company offers a variety of funds and portfolios investing in equities, money market instruments, and fixed income.
BlackRock is known for its diverse investments, including shares in large publicly traded companies, real estate, and infrastructure assets. Despite misconceptions, BlackRock does not directly own shares in major corporations, single-family homes, or infrastructure; instead, it manages these investments on behalf of its clients. BlackRock has made strategic acquisitions over the years and is a significant player in the global investment management industry.