Edward Johnson, IV.’s profile picture

Edward Johnson, IV.

Edward Johnson, IV.’s profile picture
Net worth 2018: $3.71 Billion
Residence: Boston, Massachusetts
Country: United States
BirthDay: 29 June 1930
Sigh: Cancer
Education: Bachelor of Arts / Science, Northeastern University
BIOGRAPHY

Edward Johnson, IV. was bornon 29 June 1930 in Boston, Massachusetts, United States. Edward Johnson IV is the grandson of Edward Johnson II, who founded Fidelity Investments in 1946. He is the brother of current Fidelity CEO and Chairman Abigail Johnson. Johnson is the president of Pembroke Real Estate, which is owned by FMR, Fidelity's parent company. He owns a 5.56% stake in FMR, according to company documents filed with the Utah Department of Insurance in 2000. He has a BS from Northeastern University.

NET WORTH STATISTIC
2017

$3.6 Billion

2018

$3.71 Billion

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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