The trillion-dollar market cap in equities had been elusive until Apple hit it in the summer of 2018. Now it's topped $3 trillion, with Microsoft at almost $2.6 trillion, Alphabet just over $1.5 trillion, Amazon at $1.3 trillion, and Nvidia at just under $1.1 trillion. But Meta went to more than a trillion and 16 months later was back under it.

Now Blackstone has become the first alternative asset manager to hit just over $1 trillion in assets under management, according to its 2023 Q2 results. That was 6% over 2022 Q2's AUM of $940.8 billion.

Of the total, $333.2 billion was in real estate compared to $320 billion in the same period last year, with $7.9 billion inflows during the quarter and $49.2 billion over the previous 12 months. "Inflows in the quarter included $1.3 billion for the seventh European opportunistic fund, $791 million of capital raised in BREIT, $2.2 billion in BREDS insurance SMAs, and $203 million in the fifth real estate debt strategies fund, bringing total capital commitments to $3.7 billion for the fund," the company noted. "July 1 subscriptions of $246 million in BREIT not yet included in Total AUM."