Do Vanguard and Blackrock Control the World

You’ve probably seen people on the Internet, talking about how Blackrock and Vanguard control the world. It’s not just random people either, Vivek Ramaswamy former presidential candidate has said this too. This isn’t a new theory as people have been saying this for a while. The reason they’re saying this is because Blackrock and Vanguard combined manage about $17 TRILLION! That’s around half of the U.S’s debt and together they owned 21% of the S&P in 2021.

 If you look at most stocks top holders Blackrock and Vanguard are normally at the top of the list. As an example look at Apple’s shareholders with voting power over 5% in 2023. Vanguard is the biggest and Blackrock is right behind it. This makes it seem that Vanguard and Blackrock really do control these companies. 

 So do Blackrock and Vanguard really control the world?


 To put it very simply…. No they don’t.

 You may have noticed in the first paragraph how I wrote they manage $17 trillion. That’s because that’s what they do for most people they manage their money. A lot of people invest through these companies so while it may look like they own everything they really just manage other people’s money for them and have no control over what they do. If the individual investors want they can take their money out or move it around and neither BlackRock or Vanguard can stop them. 

 With that being said both companies are still very big and quite powerful. Blackrock is currently worth $111.57 billion and they made $5.5 billion in 2023. Vanguard isn’t public (So there’s no exact number of what it’s worth) and is actually owned by the people who buy their funds. So while these companies don’t run the world they are still incredibly powerful.

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