Brookfield Hits $1 Trillion in Assets, Q2 Earnings Surge 80%

Aug 8, 2024, 10:47 AM

Brookfield Asset Management has reported a significant milestone, with its assets under management reaching approximately $1 trillion. This achievement places Brookfield among a select group of companies managing such a substantial amount of assets. The company also reported a notable increase in its second-quarter distributable earnings, which rose by 80% to $2.1 billion. This growth was driven by strong performance in its wealth and insurance business, despite a decline in real estate profits. The positive earnings trend reflects a broader recovery in global transactions.