Who Owns Blackrock?
We all know that Larry Fink is CEO of Blackrock, but who actually owns the company? Veteran Internet researcher Ian Carroll does some digging and finds that Warren Buffett might be its largest owner. Buffett owns about 45 percent percent of the shares through his multinational conglomerate Berkshire Hathaway, based in Omaha, Nebraska.
Both Merrill Lynch and Bank of America are involved in this tangled mess, though mergers and acquisitions that Carroll outlines here. Bank of America traces it roots to the Bank of Italy, formed in San Francisco in 1904 by a banker, Amadeo Giannini, whose parents had emigrated to the United States from Italy during the Gold Rush.
One lingering question? Carroll does not find any Blackrock board members directly tied to Berkshire Hathaway. Why would a company own nearly half of another entity, and not maintain a visible presence on its board? Here’s more from Question Everything.
