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.

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