From the Editor
- The Boston-based Johnson family owns 49% of mutual fund company Fidelity. The other 51% is owned by employees.
- Abigail Johnson is the third generation of the family to run the company. She took over from her father Edward "Ned" Johnson III in 2014.
- Abigail's grandfather, Edward C. Johnson, founded Fidelity in 1946.
- Fidelity had $4.4 trillion in managed assets as of September 2023, making it one of the world's largest mutual fund companies.
- Abigail's brother Edward IV runs investment firm Pembroke Real Estate, which is owned by Fidelity. Sister Elizabeth is not involved at Fidelity.
Wealth History
HOVER TO REVEAL NET WORTH BY YEAR
Forbes Lists
#5
America's Richest Families (2024)
Personal Stats
- Fortune Founded
- 1946
- Source of Wealth
- money management
- Company Headquarters
- Boston, Massachusetts
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Edward Johnson, IV.
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