What is Edward Johnson's Net Worth?
Edward Johnson was an American investor and businessman who has a net worth of $9 billion. The head of the family that controls Fidelity Investments, Edward Johnson was the patriarch of the United State's largest mutual fund, brokerage, and insurance firm. Two of his children currently run much of the company. Edward Crosby Johnson III was born in June 1930. He and his daughter Abigail own and run Fidelity Investments and Fidelity Worldwide Investment. Edward graduated from Harvard College in 1954.
He served with the U.S. Army and in 1957 he became a research analyst at his father's company, Fidelity Investments. In 1960 Edward became portfolio manager for the Fidelity Trend Fund and ran the Fidelity Magellan Fund from 1963 to 1977. In 1972 he became the president of the company and in 1977 he became Chairman and CEO. He is a member of the American Academy of Arts and Sciences. Fidelity is the second largest mutual fund company in the United States behind Vanguard. Johnson is married and has three children.
