Rick Rieder, chief investment officer of global fixed income at BlackRock, manages $2.3 trillion in assets, a sum larger than the annual GDP of most countries. He has recently emerged as the favorite on prediction markets like Polymarket to succeed Jerome Powell as the next chair of the U.S. Federal Reserve, overtaking established institutional candidates like Kevin Hassett and Kevin Warsh. His career is marked by a remarkable ability to survive crises: he navigated Black Monday in 1987 at E.F. Hutton and left Lehman months before its historic bankruptcy in September 2008, before founding R3 Capital, which Larry Fink acquired in 2009. Known for his data-driven approach and obsessive risk management, this insomniac who sleeps only four hours per night is described by former colleagues as a humble and prudent leader, perfectly suited for the role of overseeing U.S. monetary policy.
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