Patrick Bet-David:

"We think the President is the most powerful person in the world—but the real power lies with Larry Fink."

BlackRock’s CEO controls $10 TRILLION in assets, dictating corporate behavior through ESG—a system so corrupt that even Elon Musk called the "S in ESG Satanic."

Why? Because when Philip Morris gets a higher ESG score than Tesla, something is deeply broken.

The Goal? Control. Not just money—these elites already have billions. They want to reshape society by forcing companies to comply with their ideology.

The Mindset? Look at George Soros, who admitted: "I fancied myself as some kind of God... I carried messianic fantasies."

The Scary Reality:

- BlackRock, Vanguard, & State Street control 90% of S&P 500 companies.

- ESG is a weapon—punish dissenters, reward loyalists.

- Politicians come and go… but these financiers stay forever.

I am haunted by the thoughts that:

The national politicians repeatedly make promises to make life better for the citizens, but they break those promises. These same politician aren't using their independent judgment. They appear to be controlled. This goes on and one, with zero hope that it will change. As George Carlin stated. "It's a big club and you ain't in it."

For clarification, I asked Grok whether it's true that BlackRock, Vanguard and State Street "control" 90$ of the S&P 500 companies. Grok:

No, it is not true that BlackRock, Vanguard, and State Street control 90% of S&P 500 companies. The claim likely stems from misunderstandings or exaggerations about their influence as major asset managers. Here's a breakdown based on available data:

- **Ownership Stakes**: BlackRock, Vanguard, and State Street, often called the "Big Three," are among the largest shareholders in many S&P 500 companies due to their management of index funds and ETFs, such as those tracking the S&P 500. Research from 2017 indicates they collectively constitute the largest shareholder in about 88% of S&P 500 firms, but their individual stakes in these companies are typically less than 10% each. For example, Vanguard might hold around 8-9%, BlackRock 6-7%, and State Street 3-4% in companies like Apple or Microsoft. Their combined ownership in the S&P 500 is estimated to be around 15-20%, not 90%.[](https://www.cnbc.com/2023/10/23/vanguard-blackrock-state-street-dont-own-major-us-corporations.html)[](https://www.cambridge.org/core/journals/business-and-politics/article/hidden-power-of-the-big-three-passive-index-funds-reconcentration-of-corporate-ownership-and-new-financial-risk/30AD689509AAD62F5B677E916C28C4B6)[](https://www.flagshipfinancialtn.com/blog/do-vanguard-blackrock-and-state-street-run-the-world)

- **Assets Under Management**: As of recent data, BlackRock manages around $10 trillion, Vanguard about $10.4 trillion, and State Street approximately $4 trillion in assets. While their combined $24 trillion is significant, it represents investments on behalf of clients (e.g., pension funds, individual investors), not direct ownership. The total market capitalization of the S&P 500 is roughly $50 trillion (as of 2025), so their managed assets are substantial but don’t equate to controlling 90% of the index.[](https://www.nytimes.com/2022/05/12/opinion/vanguard-power-blackrock-state-street.html)[](https://en.wikipedia.org/wiki/The_Vanguard_Group)

- **Voting Power**: The Big Three exert influence through proxy voting, as they vote on behalf of their clients’ shares. This gives them significant sway in corporate governance, but they don’t "control" companies in the sense of dictating operations. Their voting is often coordinated through centralized governance departments, and they tend to support management in about 90% of votes, which some argue limits competition or innovation, but it’s not outright control.[](https://blackrockvanguardwatch.com/)[](https://www.cambridge.org/core/journals/business-and-politics/article/hidden-power-of-the-big-three-passive-index-funds-reconcentration-of-corporate-ownership-and-new-financial-risk/30AD689509AAD62F5B677E916C28C4B6)[](https://theconversation.com/these-three-firms-own-corporate-america-77072)

- **Misinformation**: Claims like the 90% figure often appear in social media or commentary, such as by Robert F. Kennedy Jr. or Vivek Ramaswamy, but these are not supported by data. For instance, RFK Jr.’s claim that they own 89% of the S&P 500 has been debunked as confusing beneficial ownership (holding shares for clients) with direct control.[](https://www.quora.com/RFK-said-that-BlackRock-StateStreet-and-Vanguard-own-89-of-the-S-P-500-Is-that-true)[](https://finance.yahoo.com/news/already-own-89-p-500-113144903.html)

- **Context on Influence**: While their concentration raises concerns about market power—potentially reducing competition or amplifying their influence on issues like ESG (environmental, social, governance)—they don’t own or control 90% of the S&P 500. Critics like Bernie Sanders highlight their dominance, noting they’re major shareholders in 95% of S&P 500 firms, but this refers to shareholding, not total control.[](https://www.etfstream.com/articles/bernie-sanders-blackrock-vanguard-and-state-street-oligarchy-threatens-democracy)

In summary, BlackRock, Vanguard, and State Street are major players with significant stakes and voting power in the S&P 500, but the 90% control claim is a gross exaggeration. Their combined influence is closer to 15-20% of the index’s shares, driven by passive investing trends, not a monolithic grip on corporate America. Always dig into primary data like SEC filings or academic studies for clarity, as public narratives can inflate these figures for effect.[