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I was really surprised to think how the richest people in the world are able to remain rich forever. Today's story is such an inspiring story of how a person manages 9.3 trillion and how he is able to grow year on year. Yes, today's story is on Black Rock. Larry Link, whose name is Director MD, runs the organization and how it is the richest and largest financial organization in the world.
It is so big that the entire economy of our India is worth 3.2 trillion dollars. Three times that, meaning this company is three times bigger than the amount of money that 140 crore people of entire India can make by working 365 days a year. Reliance Organization is not even 1% of the valuation of this company.
What do these people do? How did you get so much money? I have been asking this very question and I have reached here and I was surprised to hear how big people and big organizations earn in every down time and also in every boom time. Yes, I heard you right. This organization never does any harm. We face recession , recession, business slows down.
But it doesn't happen to them. Let us understand their strategy. There is a magical strategy. A man named Larry Link started his life with his first company Boston Dynamics. In this company, within a year, it made a profit of Rs 8000 crore. The story is very good. An educated man joined the company.
Make the company profitable. 8000 crores is a huge profit. By the next year, the company, which had a profit of Rs 8000 crore, incurred a loss of $100 million. Meaning there was a loss of ₹800 crores. But she went on ego. The owners of the companies' organizations and the entire market started to get the idea that Larry Link was a useless guy.
This man ca n't do anything. Made profit for one year. The market was booming, I made money. But now next year it will sink us. All [nasal sound] did was this much. Boston Dynamics told him to fire him and bring in a new man. This man is not well. His ego got hurt. Only the one whose heart is hurt can do the work.
Yes. That man's heart was hurt and he thought, friend, I can do everything. I earned so much money. The organization kicked me out in a minute. He says leave it, now I will create my own new company. He asked himself where would the money come from? Steve found a partner. Steve ji was also a great player of his time.
He was a very good investor. He formed a company, Black Stone , the first company he raised money for. I invested $5 million and by investing it, I made it a $25 million company within the next two years. If this video of ours has helped you understand even a little bit , if you found it even a little bit inspiring, then please like, share and subscribe for our team.
Thank you so much. Steve ji also said, brother, I do not understand your system. You earn money but you have a lot of ego. He says, I am just such a man. I will do the work like this only. Neither of them has land. He dissolved the company again. He says now I will make my own. I will make it alone.
Named black stone Black Rock. Yes. And what was the greatest thing he did? Every government organization was caught. Every government organization is your example government job. The government gives pension to every person . After retirement, it first deposits money for pension and pays it to you after retirement.
Every government invests that money. He started contacting every organization of every government, every department of every bank of every country and said, bring the money, I will invest it. Bring the money, I will invest it. The money of the countries which is invested by the people through Provident Fund Mutual Funds has strengthened its foothold wherever it is.
Due to which it entered into financial instruments everywhere in the world. BlackRock alone holds 33% of the entire US investment. It has become so big. How do you control the whole world? The strategy is amazing. Every big company of every country in the world tops in different fields like Reliance does in India, Amazon does in US, Google does, Facebook does.
Bhai Saheb has a stake of 7 to 8 to 10% in every company. That is why, according to this spread, these people work on such a big networking that they never suffer any loss. This is that organization, this is their method, this is their strategy. Such a huge spread. This is the story of Larry Link. How they created, maintained, and expanded the world's largest financial institution , and believe me, it's going to survive like this for the next 100 years because their spreads have become so wide.
If this video of ours has helped you understand even a little bit. If you found it even slightly inspiring, please like, share and subscribe for our team.
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