31 Billionaires Are Loading Up on This Sector

Why are 31 of the world's richest billionaires, like Warren Buffett, Jeff Bezos, the Walton family, and Bill Gates in a frenzy to ditch their stocks? And why are they all converging on ONE unique corner of the market instead?

J. Richard Kushel net worth and biography

J. Kushel Biography and Net Worth

Director of BlackRock

Rich Kushel, Senior Managing Director, is the Head of the Portfolio Management Group (PMG), which encompasses BlackRock’s Fixed Income (Fundamental, Municipals and Financial Institutions, and Index and LDI), Fundamental Equities, Systematic Investments, Multi-Asset Strategies and Solutions, and the Global Lending, Liquidity and Private Investors Businesses. He is a member of the Global Executive and Global Operating Committees. He is also the Global Executive Committee sponsor of the firm’s Black Professionals Network.

Most recently, Mr. Kushel was the Head of Multi-Asset Strategies and Global Fixed Income, and the GEC Co-Sponsor of Client Portfolio Solutions. His prior roles include heading Strategic Product Management, BlackRock Investment Stewardship, and the BlackRock Investment Institute. He has also served as Chief Product Officer and Deputy COO. From 2009 to 2011, Mr. Kushel was based in London, and during that time served as Chairman of BlackRock's International Businesses, responsible for the regional management of BlackRock's businesses and operations outside the US and Canada.

Prior to that assignment, Mr. Kushel held several other positions within the firm, including heading BlackRock’s International Institutional Business and BlackRock's Alternatives and Wealth Management Groups. Prior to joining BlackRock in 1991, he was an Associate in the Financial Institutions Group at Prudential Securities.

Mr. Kushel currently serves as the Vice Chairman of the Advisory Council of the Freeman Spogli Institute for International Studies at Stanford University. Mr. Kushel holds a Bachelor of Science degree in Industrial Engineering from Stanford University.

How do I contact J. Richard Kushel?: The corporate mailing address for Mr. Kushel and other BlackRock executives is 55 EAST 52ND STREET, NEW YORK NY, 10055. BlackRock can also be reached via phone at (212) 810-5300 and via email at [email protected]. Learn More on J. Richard Kushel's contact information.
Has J. Richard Kushel been buying or selling shares of BlackRock?: J. Richard Kushel has not been actively trading shares of BlackRock during the last quarter. Learn More on J. Richard Kushel's trading history.
Who are BlackRock's active insiders?: BlackRock's insider roster includes Stephen Cohen (Director), Marc Comerchero (Insider), Pamela Daley (Director), Laurence Fink (Chairman & CEO), William Ford (Director), Robert Goldstein (COO), Robert Kapito (President), J. Kushel (Director), Rachel Lord (Director), Mark McCombe (Director), Christopher Meade (General Counsel), Manish Mehta (Director), Gary Shedlin (CFO), Martin Small (CFO), and Mark Wiedman (Director). Learn More on BlackRock's active insiders.
Are insiders buying or selling shares of BlackRock?: In the last year, insiders at the asset manager sold shares 17 times. They sold a total of 233,531 shares worth more than $183,414,374.19. The most recent insider tranaction occured on August, 30th when Director Mark Wiedman sold 12,000 shares worth more than $10,800,000.00. Insiders at BlackRock own 0.9% of the company. Learn More about insider trades at BlackRock.
Information on this page was last updated on 8/30/2024.

J. Richard Kushel Insider Trading History at BlackRock

J. Richard Kushel Buying and Selling Activity at BlackRock

BlackRock Company Overview

BlackRock, Inc. is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks. It also provides global risk management and advisory services. The firm manages separate client-focused equity, fixed income, and balanced portfolios. It also launches and manages open-end and closed-end mutual funds, offshore funds, unit trusts, and alternative investment vehicles including structured funds. The firm launches equity, fixed income, balanced, and real estate mutual funds. It also launches equity, fixed income, balanced, currency, commodity, and multi-asset exchange traded funds. The firm also launches and manages hedge funds. It invests in the public equity, fixed income, real estate, currency, commodity, and alternative markets across the globe. The firm primarily invests in growth and value stocks of small-cap, mid-cap, SMID-cap, large-cap, and multi-cap companies. It also invests in dividend-paying equity securities. The firm invests in investment grade municipal securities, government securities including securities issued or guaranteed by a government or a government agency or instrumentality, corporate bonds, and asset-backed and mortgage-backed securities. It employs fundamental and quantitative analysis with a focus on bottom-up and top-down approach to make its investments. The firm employs liquidity, asset allocation, balanced, real estate, and alternative strategies to make its investments. In real estate sector, it seeks to invest in Poland and Germany. The firm benchmarks the performance of its portfolios against various S&P, Russell, Barclays, MSCI, Citigroup, and Merrill Lynch indices. BlackRock, Inc. was founded in 1988 and is based in New York City with additional offices in Boston, Massachusetts; London, United Kingdom; Gurgaon, India; Hong Kong; Greenwich, Connecticut; Princeton, New Jersey; Edinburgh, United Kingdom; Sydney, Australia; Taipei, Taiwan; Singapore; Sao Paulo, Brazil; Philadelphia, Pennsylvania; Washington, District of Columbia; Toronto, Canada; Wilmington, Delaware; and San Francisco, California.

Today's Range

Now: $1,049.97

$1,037.40

$1,053.22

50 Day Range

MA: $969.04

$877.12

$1,053.84

2 Week Range

Now: $1,049.97

$712.11

$1,068.34

Volume

500,304 shs

Average Volume

574,657 shs

Market Capitalization

$162.62 billion

P/E Ratio

25.91

Dividend Yield

1.95%

Beta

1.3