There are about a few thousand companies in this world but if there is a big company that controls all those companies and provides work to them there will be five to 10 companies like Apple, Facebook, Microsoft, Amazon but one company has the power to control even these top five companies that is Black Rock and Company. If you do not understand that it is the name of the nearby power let me tell you that the company has a cost of about ten trillion dollars in the black that is 820 lakh crore rupees which is three times more than the total GDP of India and also 50% of the American GDP is with this one company. They can raise it in moments and they can knock it down as fast as they can but the point here is that how did they get so much money to the original company what is the business they do, but the most important of them is the Jio Black Rock Deal 2023 July 26 which means just four days back Ambani entered into a joint venture partnership with the Blackro company. The company will start their business in India that is Jio Black Rock but what business they are going to do together in India I am going to tell today Larry Pink who founded Black Row Company and today has the most money in the world under his control Larry Pink background is very interesting but he was born in a middle class family his father is a footwear While running the shop his mother worked as an English teacher. Larry Pink completed his BA in Political Science and completed his MBA in Real Estate.
After Clary joined the job in this postal bank, in just three years he used his genius strategies and increased the value of that bank to one billion dollars. So for Larry intelligence and his hard work the postal company appointed Larry Pink as the CEO of the company at the age of 27 but he was the CEO for a few days. There was a mistake in that company that is in 1986 due to a small miscalculation at the time of calculating interest a current related to the postal company got a loss of about 100 million dollars so Larry was the CEO at that time so even if he did not do anything directly he was responsible for the mistake behind him. The CEO was blamed and fired at once from Pado. What you should note here is that the company that put Larry Pink as the CEO who had created an income of 8000 crore rupees was sent out of the company at once saying that the loss was only 800 crores. He investigated what happened and found a solution for it. Finally using his experience and knowledge he established a company in America with seven partners in 1988. Whatever you want to understand about the company in the same black rock and you must know the business they do. There are many asset management companies but they are common people may not know much but in foreign countries it is a very big business management means money from a company or a highlight person is given to a professional investor for investment. Companies and financial instruments do this it is simply called asset management
An example of this is mutual functions but do you understand the difference between SF management company and mutual funds is the company management company that manages them So they have money invested by common people like us and some funds related to big institutional investors and government so if they touch it they can move the share price of any company in the world up or down in just minutes so remember this in 1988 the company called FDIC had a lot of losses. It has to be brought into profit, so the company has invented a technology in the track to manage this company the same management platform, five thousand computers to run it, few thousand engineers, mathematics and developers work 24 and 7 it can be used and managed easily for big companies so what kind of technology is used slowly black rock Company Clients Increase By using technology in the investment management industry black rock Company provides better services to customers than its competitor companies. That is if you want to invest in the stock market but in a different sector what strategy to follow and how much risk to take this company suggests that their business has expanded to developed countries like America, Australia, Europe and Singapore. In 2008 when Larry Fink was going to Singapore a breaking news came out. It was said that the big investment bank was shut down. At that time it created the biggest financial crisis not only in America but also in the world. The financial systems of many countries collapsed.
The stock market also ran at a loss for many months do you know whose help the American Federal Bank took to handle such a situation It is not only in 2008 but also in 2020 corona time black rock took help to make American government. That means you understand how powerful this company is so far we have seen how the company started in the original block and how it grow but now let us see how the original company gets money and how it uses it. There are about 195 countries in this world and every country invests some good from their income or pension falls and response but that money is not invested directly but through an asset management company with a good tractor like Black Black and Fidelity Investment Management Company they have money. It is not only the government that gives money to invest but also the money related to central bank mutual fund companies of many countries is with this black raw company and do you know how much it is worth that is about 820 lakh crore rupees in our Indian currency. It should be clear that Lacro company value is only 110 billion dollars which is about nine lakh crore rupees but the value that this company manages is only ten dollars. It is only money I think you understand the difference but what this Dabba company does is stock market gold oil natural gas real estate securities and government securities and returns the profits to those who invested that money. Charges some commission for providing services. So this is the business model of the company in the block but if you look at some of the investments made by the company in the block.
So far, ten percent share in the top company Facebook Amazon companies in gold is in the hands of the block but this is only one part because China, Australia and Europe as well as oil natural gas real estate in many countries. And gold resources also have investments in the block company that is why wherever you look on the internet you can see that the block row company will rule the world but apart from all this, just four days back an interesting news came on the internet that is Indian businessman Mukesh Ambani has started an asset management company in India along with the company. They are doing the same Jio Black Rock in India there is already a company called Jio Financial Services in relation to Reliance. They also use management technology and experience. Mukesh Ambani made a partnership deal with Lacro Company to create a big management company in India. Starting a company called Black Rock Let us wait and see how much my Jio Black Rock company will attract Indian investors Even though this is an investment method how many people in our India will earn the income that these companies invest and we have to wait and see how many people in our country believe in it because it has a lot to do with profit and loss. But it will definitely go to them if there is a loss the investment we have made must be a huge loss It has brought a lot of changes in the countries of this world and it has also raised many big business companies to another level because by investing in it if you get a profit you will definitely get 200% success so Ambani also gave a signal to their concept.
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