No asset manager had ever crossed the $15 trillion (€13tn) threshold before BlackRock confirmed the milestone in results published on Wednesday.
The rise was driven by market gains and new client money.
Clients handed the New York-based giant a net $192 billion (€167bn) in the second quarter of 2026, capping a record first half in which inflows reached $321 billion (€280bn), more than double the same period a year earlier.
To illustrate the sheer scale of BlackRock’s assets under management, the firm manages more money than the projected nominal annual economic output of every country except the US and China, and nearly three times that of Germany.
However, assets under management represent a stock of investments, while GDP measures economic output over a year.
