Whenever we talk about the richest person in the world, the mind immediately goes to Elon Musk. The owner of Tesla, SpaceX, and now X (Twitter), whose wealth is approximately 200 billion dollars. But do you know that the real power does not lie in the hands of Elon Musk. The world's most powerful person is neither a president, nor a king, nor a billionaire celebrity, but a person who runs the world from behind the scenes.
Larry Fink is the founder and CEO of BlackRock, the world's largest investment management company, which currently has over 10 trillion dollars in assets. Yes, $10,000,000,000,000.
Pakistan's annual budget is around 60 billion dollars. Larry Fink's company's assets are 160 times more than the Pakistani budget, meaning if Larry Fink wanted, he could run all of Pakistan 160 times over, or manage the economy of 160 countries like Pakistan.
Not only that, during the peak of the coronavirus when the world's economies were struggling, and even the World Bank, IMF, and countries like the United States were helpless, they all sought help from BlackRock. Larry Fink not only advised the world's central banks but also directed the flow of billions of dollars in investments. This was the time when the fate of the world was being decided not by a president or prime minister, but by Larry Fink.
BlackRock has an intelligence system called Aladdin that reads global investment data daily. This system is connected to over 70 countries, thousands of banks, and governments. This means that when countries like Pakistan or India formulate their economic policies, directly or indirectly, somewhere, BlackRock's data, its influence, and Larry Fink's impact are included.
This is the person who writes only one letter a year, and companies like Apple, Google, and Amazon change their policies after reading this letter. He does not just invest; he changes thinking.
Today, if a war breaks out anywhere in the world, the economy collapses, or currency is destroyed, all eyes are on the person whose name people know less, but whose signature can change the world.
