Larry Fink the CEO of BlackRock manages the world’s largest asset management firm which handles a massive USD 7.4 trillion in assets. When one talks about wealth and wealthiest person names that cross the minds are Elon Musk Jeff Bezos Bill Gates Mukesh Ambani and Gautam Adani. However there is one person who is wealthier but has remained reclusive to the world. The billionaire manages the world’s largest asset management firm which handles a massive USD 7.4 trillion in assets. As of December 2024 BlackRock’s market capitalisation is valued at Rs 12.808 trillion which makes it the 102nd most valuable company globally. Larry Fink is the CEO of BlackRock which invests in businesses worldwide and operates in the mutual fund sector where people invest their money. With assets under management reaching USD 11.5 trillion BlackRock controls a public fund pool larger than the GDP of many countries. Notably BlackRock’s valuation is nearly half of the entire United States GDP. Who is Larry Fink? Larry Fink is widely believed to hold immense power yet surprisingly few people know about him. According to a 2010 article in Vanity Fair in political and business circles especially among those who frequent the corridors between Washington and Wall Street Fink is often considered one of the most influential figures in finance. How Larry Fink saved the US economy once During the height of the financial crisis when the American economy was nearly collapsing top leaders from Wall Street including JP Morgan Chase’s Jamie Dimon Morgan Stanley’s John Mack and AIG’s Robert Willumstad turned to Larry Fink for help and advice. The US Treasury and the Federal Reserve Bank of New York also sought his expertise. Fink played a key role in helping with major financial deals such as the $30 billion financing for the sale of Bear Stearns to JP Morgan the $180 billion bailout of AIG the $45 billion rescue of Citigroup and the growing financial support for Fannie Mae and Freddie Mac which reached $112 billion.