logo small

The Trillion Dollar Club

Courtesy of: Visual Capitalist

Chart: The Trillion Dollar Club


The Chart of the Week is a weekly Visual Capitalist feature on Fridays.

In the late 1700s, it was the start of the battle of stock exchanges: in 1773, the London Stock Exchange was formed, and the New York Stock Exchange was formed just 19 years later.

And while London was a preferred destination for international finance at the time, England also had laws that restricted the formation of new joint-stock companies. The law was repealed in 1825, but by then it was already too late.

In the U.S., exchanges in New York City and Philadelphia took full advantage by dealing in stocks early on. Eventually, for this and a variety of other reasons, the NYSE emerged as the most dominant exchange in the world – helping propel New York and Wall Street to the center of finance 


Wall Street, and the U.S. in general, is now synonymous with finance – and most of the world’s largest banks, funds, and investors maintain a presence nearby. The biggest asset management companies, which pool investments into securities such as stocks and bonds on behalf of investors, are no exception to this.

Today’s chart shows all global companies with over $1 trillion in assets under management (AUM).

Not surprisingly, all but 17.1% of assets managed by this $1 Trillion Club are overseen by companies based in the United States.

#1 BlackRock Inc. USA $5.7 trillion
#2 Vanguard Group USA $4.4 trillion
#3 State Street Global Advisors USA $2.6 trillion
#4 Fidelity Investments USA $2.3 trillion
#5 J.P. Morgan Asset Management USA $1.9 trillion
#6 BNY Mellon USA $1.8 trillion
#7 Pimco USA $1.6 trillion
#8 Amundi France $1.6 trillion
#9 Capital Group USA $1.4+ trillion
#10 Legal & General Investment Management UK $1.3 trillion
#11 Government Pension Investment Fund Japan $1.2 trillion
#12 PGIM USA $1.0+ trillion
#13 Northern Trust USA $1.0 trillion
#14 Wellington Management USA $1.0 trillion
#15 Norges Bank Investment Management Norway $1.0 trillion

Even further, outside of Northern Trust (Chicago), Pimco (Newport Beach), and Capital Group (Los Angeles), the remaining U.S. companies are based in the Northeast specifically – either on Wall Street, or just a short drive away.


The newest entrant to the $1 trillion club is Norway’s sovereign wealth fund, which is managed by Norges Bank Investment Management. It’s the world’s largest sovereign wealth fund, and it was “never forecast” to get so big.

The Norwegian fund recently joined France’s Amundi ($1.6 trillion), the UK’s Legal & General ($1.3 trillion), and Japan’s Government Pension Investment Fund ($1.2 trillion) as non-U.S. members of this exclusive club.

This article originally appeared on The Visual Capitalist. Please click here to read the original article


Tags: stock market, financial advisor, financial literacy, , financial planning, , infographics, visual capitalist, asset manager, assets, wall street, chart of the week

Print Email