Blackstone. Everyone blames BlackRock, but it’s Blackstone doing this. BlackRock is maybe a little bit evil, but mostly they sell ETFs, so ways for retail investors to invest in the stock market indexes. They make a fee off that, and at their size that’s a huge amount of money already. Blackstone is more active about what it invests in, it strategically buys up neighborhoods so they can unilaterally raise rents. Among all kinds of other morally dubious investments.
That figure itself is likely wrong, because this is a 3rd party website with very weird grammar, other sources (including Blackrock’s website) point towards more like 30 billion or less. It’s also tiny compared to Blackstone.
Also, BlackRock’s CEO has been advocating for the importance of ESG (Environmental, Sustainability, Governance) in investment funds to the point that multiple red states refused to do business with BlackRock. Fink was on good terms with Obama and was going to be Clinton’s treasury secretary if she’d won.
Meanwhile, Blackstone’s CEO is a longtime friend of Donald Trump and compared Obama’s carried interest tax hike plans Hitler invading Poland.
They’re both gigantic corporations and no billionaire is your friend, but there’s one that’s trying to be about as good as you can be while still being a bloodsucking billionaire running a trillion dollar megacorp, whereas the other also actively wants to make the world a worse place. And the former always gets the attention for what the latter is doing, because the name is more famous.
Maybe not directly but they buy REIT shares. They also own iShares that have number of REIT ETFs. Blackrock is one of the biggest Blackstone shareholder https://finance.yahoo.com/quote/BX/holders/
Blackstone’s real estate AUM is about 10x as big as BlackRock’s and according to themselves, 42% of it is rental homes (be they single family or apartments, both short and long term). BlackRock states they do not buy single-family homes in the US, but do invest in new constructions as well as mortgages.
Blackrock is one of the 3 funds that controls the entire world. Them, Vanguard, and State Street own nearly 90% of the S&P 500 as well as eachother.
I mean that’s just AUM, same as for Blackstone. They don’t directly own it all. I myself have a 5 figure sum in BlackRock’s ETFs that will be transferred out at the beginning of May (it’s through my country’s national pension system so it took several months to get that done, but I’m going all in on Europe and Asia on non-US-managed ETFs now). If you’re in the US and have a 401k, you’re probably also one of those people whose assets are part of that nearly 90%.
Blackstone also ventured into other businesses, most notably investment management. In 1987 Blackstone entered into a 50–50 partnership with the founders of BlackRock, Larry Fink (current CEO of BlackRock), and Ralph Schlosstein (CEO of Evercore).
https://en.wikipedia.org/wiki/Blackstone_Inc.
In 1995, Blackstone sold its stake in BlackRock to PNC Financial Services for $240 million. Between 1995 and 2014, PNC reported $12 billion in pretax revenues and capital gains from BlackRock. Schwarzman later described the selling of BlackRock as his worst business decision ever.
I do not, but some of these conspiracy theories do have their roots in antisemitism. Of course, Israel has done wonders to legitimize antisemitism and the CEOs of both companies support Israel to one degree or another, so at this rate we may as well say that the zionists control the world, much like conspiracy theorists used to say it about Jews in general.
Blackstone. Everyone blames BlackRock, but it’s Blackstone doing this. BlackRock is maybe a little bit evil, but mostly they sell ETFs, so ways for retail investors to invest in the stock market indexes. They make a fee off that, and at their size that’s a huge amount of money already. Blackstone is more active about what it invests in, it strategically buys up neighborhoods so they can unilaterally raise rents. Among all kinds of other morally dubious investments.
Does BlackRock own a lot of real estate?
Yes, BlackRock is one of the largest real estate investors in the world, with over $60 billion in total real estate assets under management.
https://bestrealestatemarket.com/real-estate-does-blackrock-own/
🤔
That figure itself is likely wrong, because this is a 3rd party website with very weird grammar, other sources (including Blackrock’s website) point towards more like 30 billion or less. It’s also tiny compared to Blackstone.
Blackstone has 300 billion in AUM in their real estate funds and 600 billion as their global real estate portfolio and according to themselves, 42% of it is homes they rent out
BlackRock’s public statement is also that they do not buy single family homes in the US. They finance construction and mortgages, though, so they still profit off it, but not from rent.
Also, BlackRock’s CEO has been advocating for the importance of ESG (Environmental, Sustainability, Governance) in investment funds to the point that multiple red states refused to do business with BlackRock. Fink was on good terms with Obama and was going to be Clinton’s treasury secretary if she’d won.
Meanwhile, Blackstone’s CEO is a longtime friend of Donald Trump and compared Obama’s carried interest tax hike plans Hitler invading Poland.
They’re both gigantic corporations and no billionaire is your friend, but there’s one that’s trying to be about as good as you can be while still being a bloodsucking billionaire running a trillion dollar megacorp, whereas the other also actively wants to make the world a worse place. And the former always gets the attention for what the latter is doing, because the name is more famous.
Maybe not directly but they buy REIT shares. They also own iShares that have number of REIT ETFs. Blackrock is one of the biggest Blackstone shareholder https://finance.yahoo.com/quote/BX/holders/
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Blackstone’s real estate AUM is about 10x as big as BlackRock’s and according to themselves, 42% of it is rental homes (be they single family or apartments, both short and long term). BlackRock states they do not buy single-family homes in the US, but do invest in new constructions as well as mortgages.
I mean that’s just AUM, same as for Blackstone. They don’t directly own it all. I myself have a 5 figure sum in BlackRock’s ETFs that will be transferred out at the beginning of May (it’s through my country’s national pension system so it took several months to get that done, but I’m going all in on Europe and Asia on non-US-managed ETFs now). If you’re in the US and have a 401k, you’re probably also one of those people whose assets are part of that nearly 90%.
Different compqny same people running it.
Source? Or do you just mean (((same people)))?
That’s like 4 paragraphs later lol
^ this guy chans
I do not, but some of these conspiracy theories do have their roots in antisemitism. Of course, Israel has done wonders to legitimize antisemitism and the CEOs of both companies support Israel to one degree or another, so at this rate we may as well say that the zionists control the world, much like conspiracy theorists used to say it about Jews in general.