Eurasia Group

In 1998, Ian Bremmer founded Eurasia Group with $25,000 as a firm devoted to helping investors and business decision-makers understand how politics affects the risks and opportunities in foreign markets, bringing political science to the investment community and to corporate decision-making. The firm started with him as its only staff member, working out of a cubicle at the World Policy Institute in New York.⁠[1][2][2][2]

As its name suggests, Eurasia Group originally focused on the emerging states of the former Soviet Union, and later broadened its coverage to developed and developing countries in every region of the world as well as to specific economic sectors.⁠[2][2]

In 2004, the firm moved into headquarters offices at 475 Fifth Avenue in New York.⁠[3]

On January 2, 2007, in a note to clients, Bremmer listed the year’s top political risks, in order: Iran, Nigeria, Iraq, Turkey, Russia, China, and Pakistan/Afghanistan. He also highlighted four major trends: avian influenza, terrorism, resource nationalism, and protectionism. The firm also provided the note to the media.⁠[4][4][4][4]

On January 7, 2008, the firm announced its annual Top Risks, placing the trend of US anti-globalization at the top of the list. Bremmer said at the time that this was the first time in his career as a political scientist that the United States had become a serious macro risk factor.⁠[5][5][5]

On January 4, 2011, Bremmer and head of research David Gordon announced that year’s Top Risks, with the “G-Zero” as the top risk: a world order in which no country or bloc of countries has the political and economic leverage to drive an international agenda.⁠[6][6]

On June 4, 2012, the firm moved its global headquarters to 149 Fifth Avenue in New York’s Flatiron district, occupying two full floors with 22,000 square feet of space; by then its New York staff had tripled since 2004.⁠[3][3][3]

On October 7, 2014, the firm announced that Cliff Kupchan, practice head for Eurasia and Iran director, had been promoted to chairman, responsible for top-level analysis of global macro issues; the chief executive officer at the time was Robert Johnston. Kupchan joined the firm in 2005 and had previously worked at the State Department.⁠[7][7][7][7][7]

In 2017, GZERO Media was established as a subsidiary of Eurasia Group to provide the public with coverage of global affairs.⁠[8][8]

On April 5, 2018, the firm launched egX, a platform business that works with outside specialist firms to develop geopolitics-related tools, such as partnering with Good Judgment Inc. to improve forecasting and working with technology firms to develop algorithmically driven forecasting tools and investment signals, and that deploys executive education programs through university and digital partnerships.⁠[9][9][9][9]

On July 14, 2018, GZERO Media’s weekly show GZERO WORLD with Ian Bremmer premiered on WNET, New York and New Jersey public television.⁠[10]

On June 10, 2019, the firm named Maziar Minovi, who had joined as managing director in March of that year, chief executive officer, responsible for firm strategy and for research, sales, and operations. He was the firm’s second CEO, succeeding Robert Johnston, who stepped down in 2018 to focus on the firm’s Global Energy and Natural Resources practice. Minovi previously worked in the Investment Strategy Group at Goldman Sachs.⁠[11][11][11][11]

From July 1, 2020, Gerald Butts, formerly principal secretary to Canadian Prime Minister Justin Trudeau, became vice chairman, working with CEO Minovi on strategic initiatives across the firm; he had joined in March of that year as a senior advisor and helped expand the firm’s coverage of global climate policy and sustainable finance.⁠[12][12][12]

On January 6, 2025, the firm released Top Risks 2025, with “The G-Zero wins” as the top risk: an era in which no one power or group of powers drives the global agenda and maintains international order. The report was co-written by Bremmer and chairman Kupchan.⁠[13][13]

On January 5, 2026, the firm released Top Risks 2026, with the “US political revolution” as the top risk, arguing that President Trump’s attempt to systematically dismantle the checks on his power, capture the machinery of government, and turn it against his opponents would make the United States the principal source of global risk in 2026. The other nine risks, in order, were Overpowered, The Donroe Doctrine, Europe under siege, Russia’s second front, State capitalism with American characteristics, China’s deflation trap, AI eats its users, Zombie USMCA, and The water weapon; the report also listed several “red herrings” considered unlikely to pose significant threats. The report was co-written by Bremmer and then chairman Cliff Kupchan.⁠[14][15][14][14][14]

Top Risks is Eurasia Group’s flagship geopolitical report. Released each January, it assesses the ten biggest threats that year to the trajectories of nations, industries, and institutions, for the reference of investors, companies, and the public.⁠[14][14]

The firm’s central idea is “politics first,” emphasizing analysis free of political bias and the influence of private interests; its logo uses the firm’s initials to form a fragmented globe, symbolizing an era of turbulence and uncertainty.⁠[2][2][2]

As of October 2026, the leadership listed on the firm’s official website includes president Ian Bremmer, chairman and senior advisor Gerald Michael Butts, and chief executive officer Maziar Minovi. Its New York headquarters is at 21 W 26th Street, and it also has offices in Washington, DC, London, Mexico City, Brasilia, São Paulo, Tokyo, and Singapore.⁠[16][16][17][18][18][18][18][18][18][18][18]

Eurasia Group: Official website: https://www.eurasiagroup.net/ (opens in a new window).⁠[19]

GZERO Media: Official website: https://www.gzeromedia.com/ (opens in a new window).⁠[8]

X: Public account: https://x.com/EurasiaGroup (opens in a new window)⁠[19]

LinkedInLinkedInLinkedIn is a social networking platform for professionals. It was founded in 2002 by Reid Hoffman and others, launched in 2003, and listed on the New York Stock Exchange in 2011; after Microsoft acquired it for approximately $26.2 billion in 2016, it became a wholly owned Microsoft subsidiary. Its revenue comes from membership subscriptions, advertising, and recruitment solutions.Open the full entry: Public profile: https://www.linkedin.com/company/eurasia-group (opens in a new window)⁠[19]

YouTubeYouTubeYouTube is Google’s video-sharing and creator platform, founded in 2005 by Steve Chen, Chad Hurley, and Jawed Karim and acquired by Google in 2006. Built around video uploading, viewing, and creator earnings, the platform has developed Shorts, YouTube Music, Premium, YouTube TV, and products for children, and is headquartered in San Bruno, California, United States.Open the full entry: Public channel: https://www.youtube.com/channel/UCdxtKCndefqYg9y2-U9KHhg (opens in a new window)⁠[19]