Israel-Hamas War News: BlackRock CEO Expresses Concern Over The Rising Fear in The World

09 Nov, 2023 Author: Ayushee Joshi

Israel-Hamas War Latest News: Larry Fink is the lead of the world’s largest asset management firm. BlackRock Inc. manages more than $9.43 trillion (about Rs 78 lakh crore) in assets, which is over half of America’s GDP and manifold times the GDP of many other nations. Larry Fink’s firm manages 10% of the world’s total shares and bonds. It owns an interest in every major corporation on the planet. As the ongoing Israel-Hamas war has created a global economic crisis, Larry Fink has expressed concerns surrounding the rising tensions in the world. Here’s what he said.

The Fear is Increasing

After JP Morgan CEO Jamie Dimon, Larry Fink, creator of America-based international investment firm BlackRock Inc., has recognised that the world is currently experiencing the most perilous turning moment in decades. He added that fear is growing and hope is decreasing in the world, creating a dire situation. Larry Fink stated in an interview that the Russia-Ukraine and Israel-Hamas conflicts had pushed the globe towards a different sort of future. He said, “Geopolitical risk has the biggest impact on our lives. We are seeing that fear is increasing and hope is decreasing all over the world.”