(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 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.

What was Edward Johnson's education? ›

Johnson, in his early education, was taught by a free colored woman, Miss Nancy Walton. He continued his education at Washington High School. He then attended Atlanta University and worked as a school principal from 1883 until 1891, first in Atlanta and then in Raleigh, North Carolina.

How much is Fidelity worth? ›

Established in 1946, the company is one of the largest asset managers in the world, with $4.9 trillion in assets under management, and, as of December 2023, $12.6 trillion in assets under administration.

Who owns most of Fidelity? ›

Fidelity Investments is owned by privately held FMR LLC, which is controlled by the Johnson family. The family, along with a small group of FMR employees and shareholders, are also investors in F-Prime Capital, the private venture capital arm.

Whose daughter runs 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 heir to the Johnson and Johnson fortune? ›

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).

How rich is the Johnson family? ›

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

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.

What did Ed Johnson do? ›

On March 19, 1906, Ed Johnson was lynched by a mob for an alleged rape crime on the Walnut Street Bridge in Chattanooga, Tennessee.

What did Edward Earl Johnson do? ›

Edward was convicted of murdering Marshall J. T. Trest and assaulting an elderly woman named Sallie Franklin.

How many millionaires does Fidelity have? ›

There are now 485,000 retirement accounts with at least $1 million—up 43% from 340,000 401(k)-created millionaires a year ago, according to new data published by Fidelity Investments on Thursday.

Is Fidelity owned by Amazon? ›

Amazon and Fidelity Investments are not affiliated. Amazon and the Amazon logo are trademarks of Amazon.com, Inc or its affiliates.

Is Fidelity owned by Wells Fargo? ›

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

Who is Fidelity Bank owned by? ›

While times have changed, Fidelity Bank has remained true to its roots. Today, we are not owned by investors. We are owned by the families who deposited their hard earned savings here. At Fidelity Bank, we have shortened our name and expanded our branch network to serve more people.

Who are the largest shareholders of Fidelity National Financial? ›

Largest shareholders include BlackRock Inc., Vanguard Group Inc, Windacre Partnership Llc, State Street Corp, Brave Warrior Advisors, LLC, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Charles Schwab Investment Management Inc, Victory Capital Management Inc, DVY - iShares Select Dividend ETF, and ...

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.

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