Edward Johnson, III.’s profile picture

Edward Johnson, III.

Edward Johnson, III.’s profile picture
Net worth 2018: $8.14 Billion
Industry: Investments
Residence: Boston, Massachusetts
Country: United States
BirthDay: 29 June 1930
Sigh: Cancer
Children: 3
Education: Bachelor of Arts / Science, Harvard University
BIOGRAPHY

Edward Johnson, III. was bornon 29 June 1930 in Boston, Massachusetts, United States. Edward Johnson, III. is #205 in List Billionaires People In The World. After a stint in the Army, Edward "Ned" Johnson III joined money manager Fidelity, which his dad founded in 1946, as an analyst. Ned led Fidelity as CEO for 37 years; his daughter Abigail replaced him in 2014. He ran the famed Magellan Fund before promoting buy-what-you-know manager Peter Lynch to run it in 1977. Fidelity is the second largest mutual fund manager in the U.S. after Vanguard, with $2.3 trillion in assets under management. He's an art collector and frequently loans pieces to various museums throughout New England.

NET WORTH STATISTIC
2009

$8 Billion

2010

$7.1 Billion

2011

$6.5 Billion

2012

$6.5 Billion

2013

$9.3 Billion

2014

$7.3 Billion

2015

$7.8 Billion

2016

$7.1 Billion

2017

$7.8 Billion

2018

$8.14 Billion

The market is like a beautiful woman--always fascinating, always mystifying.

Edward Johnson, III.
TIMELINE
2016

In a November 21, 2016 memo to Fidelity employees, Johnson announced he would retire in December and turn over the Chairmanship to his daughter Abigail

2014

His daughter Abigail has taken over the role of CEO of Fidelity Investments and Chairman of Fidelity International in 2014

2012

As of 2012, Abigail owned up to 24% of the shares in Fidelity, had a net worth of $10

1972

He then became president of the company in 1972 and Chairman and CEO in 1977

1965

In 1965, the US–based Fidelity Foundation was founded by Edward C

1960

He later became the portfolio manager for the Fidelity Trend Fund in 1960 and ran the famous Fidelity Magellan Fund from 1963 to 1977

1957

After a stint in the US Army, he became a research analyst at Fidelity Investments in 1957, a company founded by his father Edward C

1954

Johnson attended prep school at Milton Academy before transferring to Tabor Academy and graduating with a Bachelor's degree from Harvard College in 1954

1943

3 billion, he is ranked by Forbes as the 43rd richest person in America

1930

Edward Crosby "Ned" Johnson III (born June 29, 1930) is an American investor and businessman who, along with daughter Abigail Johnson, owns and runs Fidelity Investments and Fidelity International

1929

3 billion and was ranked 29th on the Forbes 400 rich list

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