The Richest People In America: Abigail Johnson

#17 Abigail Johnson

$15.0 billion
Source: Fidelity

With family, runs Fidelity Investments, America's largest mutual fund company. Assets under management: $1.5 trillion. Father Edward III joined company as analyst 1957, president 15 years later. Abby ran her first diversified fund 1993. Ned reduced his ownership in 1995, Abby inherited a 24% stake; she is rumored to have sold shares back to family in recent years. Individual stakes now a secret. Family owns 49% of company. Abby became president of company's mutual fund division 2001. Today runs Personal & Workplace Investing division. Last year several top executives resigned, fueling speculation that Abby will eventually take over from Ned.

Complete List The Richest People In America


Related Posts by Category



Tidak ada komentar:

Favorites