← The 100 companies
🏦
Finance · #69 of 100
BlackRock
Takes care of and invests money for people, companies and governments.
📖 Its story
In 1988, Larry Fink and a group of seven partners started a business to manage investments inside another company, Blackstone. They wanted to measure risks very carefully before investing. In 1992 it took the name BlackRock and grew until it became a giant.
💵 How it makes money
It charges a small fee for managing the money people trust it with.
🤯 Fun fact
It is the biggest investment manager in the world.
👍 The good part
It is so big that it can offer investment funds with low fees.
⚠️ The risk
If markets fall, the money it manages is worth less and it earns smaller fees.
🧠 Did you get it?
What does BlackRock do with its customers' money?
Its stock
BLK
on the NYSE stock exchange
$1,170.67
▼ 4.39% today
▲ 9.37% this year
In the game: 1,170.67 Monis per share (1 Moni = 1 dollar).
Price as of November 5 at 6:49 PM ET, delayed.
🗂️ Quick facts
- Founded in: 1988
- Founded by: Larry Fink, Robert Kapito and six other partners
- Home: New York, New York
🔎 How to find it on the stock market
- Search the internet for BLK stock.
- You can also find it in your parents' investing app with the letters BLK.
- Check how much one share costs and whether today it's green (went up) or red (went down).
🎮 Buy it in the game
Soon you'll be able to invest your Monis in BlackRock. Ask your mom or dad to join the list.
Join the list