BlackRock's Larry Fink Warns That AI May Exacerbate Wealth Inequality as It Powers Future Market Expansion

BlackRock Sees AI-Driven Value Creation and Ambitious Growth Targets

BlackRock, the world's largest asset manager, is well-positioned to capitalize on the growing trend of Artificial Intelligence (AI), according to a recent note to investors from Larry Fink, the company's CEO.

Fink notes that the deployment of AI at scale will create enormous value, with much of it accruing to companies and investors that build and deploy AI technologies. This trend is reminiscent of previous technological shifts, where wealth has flowed disproportionately to asset owners. Fink emphasizes that the long-term question surrounding AI is not job displacement, but rather ownership and the concentration of wealth.

Key Figures:

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• $14 trillion: BlackRock's assets under management (AUM) as of 2025
• $700 billion: Net inflows to BlackRock in 2025
• $527 billion: Net new money to iShares ETFs in 2025
• $20 billion: Net inflows to BlackRock's private markets in 2025
• $150 billion: BlackRock's digital assets AUM
• $35 billion: Target revenue for BlackRock by 2030
• 30%: Expected contribution of private markets and technology platforms to BlackRock's revenue by 2030
• $400 billion: Target cumulative private markets gross fundraising for BlackRock over the next four years

Fink highlights the importance of tokenization in modernizing market plumbing, making investments easier to issue, trade, and access. BlackRock currently manages $150 billion in digital assets AUM, including its BUIDL fund.

The company's roadmap for the next four years includes:

• Revenue above $35 billion by 2030
• Cumulative private markets gross fundraising of $400 billion over the period
• Private markets and tech expected to account for more than 30% of total revenue
• Adjusted operating income nearly doubled
• Operating margins pushed above 45%

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Fink emphasizes the importance of staying invested in the long term, citing historical data that shows that staying invested has delivered far better outcomes than trying to time the market.