(Edward) Johnson family (2024)

About (Edward) Johnson family

  • 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 family (2024)

FAQs

Which family owns Fidelity? ›

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.

How much is the Johnson family worth? ›

Johnson family is among the wealthiest in America, with a fortune estimated at $37 billion.

How much is the Fidelity Johnson family worth? ›

The family, which owns almost half the Boston-based company, is now worth $48 billion, an increase of $6.2 billion.

Who is Ned Johnson's wife? ›

Johnson is survived by his wife, Elizabeth “Lillie” Johnson, and three children: Abigail, Elizabeth Johnson and Edward Johnson IV.

Who owns most of Fidelity? ›

The founding Johnson family, individually and through various trusts, owns stock representing a 49% voting interest in FMR, and have signed agreements pledging to vote all their shares as a bloc. Edward Johnson III was chairman of the group, but was replaced by his daughter, Abigail Johnson.

Does BlackRock own Fidelity? ›

2024-03-07 - BlackRock Inc. has filed an SC 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 58,561,851 shares of Fidelity National Information Services, Inc. (US:FIS). This represents 10.2 percent ownership of the company.

Who are the heirs to Johnson and Johnson? ›

James Wittenborn Johnson (born 1979) is an American heir, filmmaker, and socialite. He is a great-grandson of Robert Wood Johnson I (co-founder of Johnson & Johnson).

Who inherited Johnson and Johnson? ›

WARSAW, Poland — She was a Polish farmer's daughter who emigrated to the United States, a maid who worked for a wealthy American heir, and a third wife who inherited much of the Johnson & Johnson fortune after a sensational court battle with her six stepchildren. Barbara Piasecka Johnson, the widow of J.

Who is the rich Johnson family? ›

Fisk Johnson III is chairman and CEO of SC Johnson and the fifth generation of the family to run the company. Helen Johnson-Liepold, Fisk's sister, runs Johnson Outdoors, a publicly traded company that sells outdoor gear. She also chairs Johnson Financial.

Whose daughter is involved in Fidelity? ›

Abigail Pierrepont Johnson (born December 19, 1961) is an American billionaire businesswoman, and the granddaughter of late Edward C. Johnson II, the founder of Fidelity Investments.

Who is the CEO of Fidelity? ›

Abigail P. Johnson is Chairman and Chief Executive Officer of Fidelity Investments, a…

Who is the famous fund manager of Fidelity? ›

Peter Lynch is one of the most successful investors in history. Lynch's love for investing began in his early years working as a caddy. At age 33, Peter Lynch was appointed to manage the legendary Magellan Fund at Fidelity.

Who took over Fidelity Investments? ›

Founded in 1946 by Abigail Johnson's grandfather, Edward Johnson II, Fidelity's mutual fund business manages $1.2 trillion in assets. Privately held Fidelity is still controlled by the family and has been the linchpin of their fortune.

How much money is Edward Johnson worth? ›

Edward Crosby "Ned" Johnson III (June 29, 1930 – March 23, 2022) was an American billionaire businessman who, along with daughter Abigail Johnson, owned and ran Fidelity Investments and Fidelity International until his death in March 2022. In April 2021, his net worth was estimated at US$8.2 billion.

How much is Abigail Johnson worth? ›

What is the downside to Fidelity? ›

Fees. Fidelity has average trading and low non-trading fees, including commission-free US stock trading. On the negative side, margin rates and fees for some mutual funds can be high. We compared Fidelity's fees with two similar brokers we selected, E*TRADE and TD Ameritrade.

Is Fidelity owned by Wells Fargo? ›

Wells Fargo and Fidelity Investments are independent entities and are not legally affiliated.

Who is the legendary investor in Fidelity? ›

Peter Lynch is one of the most successful and well-known investors of all time. Lynch is the legendary former manager of the Magellan Fund at the major investment brokerage Fidelity. He took over the fund in 1977 at age 33 and ran it for 13 years. His success allowed him to retire in 1990 at age 46.

How much of Fidelity does Abigail Johnson own? ›

The Johnsons hold family investments in Impresa Management, according to a March 2024 Form ADV filing. It has about $13.6 billion in assets owned by insiders. This analysis credits three family members as equal owners of 80% of insider assets. The Johnson family also owns 40% of fund company Fidelity International.

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