BlackRock has reached a new record with its assets under management (AUM) hitting $11.6 trillion, up significantly from $3.8 trillion only back in 2012. This growth was driven by a 21% jump in profit during the fourth quarter of 2024, largely due to buoyant equity markets that increased its fee income.
U.S. stock market rallies following the election played a key role, as investors responded to expectations of tax cuts and deregulation. Additionally, BlackRock expanded its footprint in private markets, investing $25 billion in sectors like infrastructure and private credit through acquisitions of Global Infrastructure Partners and HPS Investment Partners.
This performance marks a highly successful year for BlackRock, positioning it as a dominant force in global asset management. Its strategic focus on diversifying into private markets, alongside its core equity and fixed-income offerings, has helped cement its place as the world’s largest money manager. As the company continues to adapt to changing market conditions, its AUM growth trajectory seems to suggest effective investment strategies and long-term vision paying off.
Disclaimer
Not financial or tax advice. No content produced by Pluto is financial, accounting, legal or tax advice. Our content is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This article is not tax advice. Talk to your accountant. Do your own research. The performance of most cryptoassets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in cryptoassets.
For more investing education and to learn to invest, download the Pluto app for free and get started today. 🔭