BlackRock, led by Jewish billionaire Larry Fink, now manages a record $15.5 trillion, after clients added $205 billion in net new money in just three months. The company released its latest results today.
The world’s largest money manager drew investments across stocks, bonds and other funds. Over the past year, clients added $869 billion more than they withdrew.
The $15.5 trillion is client money BlackRock manages, not Fink’s personal fortune or the company’s value. Rising markets also helped increase the total.