Abigail Johnson is an American businesswoman with an estimated wealth of $28 billion. Abigail Johnson is the Chairman and CEO of the company founded by her dad, Fidelity Investments. She also serves on the Committee of Capital Markets Regulation. Fidelity Investments is the second-largest mutual fund firm within the United States with just under $2 trillion in assets. Abigail Johnson is one of the most wealthy females within the United States thanks to her approximately 24 percent share in Fidelity. In the year 2020, Johnson was named the most wealthy individual in Massachusetts. The beginning of her life Abigail Pierrepont Johnson was born in Boston, Massachusetts on December 21 in 1961. She has two siblings: Edward C. Johnson IV and Elizabeth Johnson. She went to the private schools Buckingham Browne in Cambridge, MA before graduating in 1984 from Hobart and William Smith College in 1984, earning an undergraduate degree with a major in the field of art.
She was consultant for Booz Allen Hamilton for a short time after her college. Johnson later went on to earn an Master of Business Administration degree from Harvard University. Career in 1988, Johnson was hired by Fidelity Investments as an analyst and portfolio manager. The family of her grandfather Edward C. Johnson II founded Fidelity Investments in 1946 and her father Edward C. “Ned” Johnson III was at the time the Chief Executive Officer of the company. In 1997, Johnson was promoted to the rank of executive at Fidelity Management Research. Then, in 2005 Johnson was appointed the head for Retail, Workplace, and Institutional Business.
Abigail became the the position of President of Fidelity Investments in 2012 and was appointed chairman in 2016. Johnson launched Fidelity to investing in cryptocurrency in 2018 , which made investors able to trade ethereum as well as bitcoin. In November of 2016, Johnson announced he would quit the following month and hand his duties over to Abigail. Johnson was appointed the president and CEO of Fidelity as well as the chairman of its subsidiary firm Fidelity International, obtaining full control over Fidelity as well as its 45,000 staff around the world. Her father has ceased to be an Fidelity board member however he is still available to keep in contact with Abigail at times. Abigail is an active member of the Board of Directors for the Securities Industry and Financial Markets Association and is an active part of the Committee on Capital Markets Regulation. Personal Life She was married to the the chief executive officer Iora Health, Inc. Iora Health, Inc. Christopher J. McKown in 1988. They are parents to two kids. In her spare time she loves skiing.
| Net Worth: | $28 Billion |
| Date of Birth: | Dec 19 Dec 19, 1961 (60 year old) |
| Gender: | Female |
| Profession: | Entrepreneur, Businessperson |
| Nationality: | United States of America |
What is Abigail Johnson known for?
Abigail Johnson has served as CEO of Fidelity Investments since 2014, when she took over for her father, and has been chairman since 2016. Her grandfather, Edward Johnson II, founded the Boston-based mutual fund giant in 1946. She owns an estimated 24.5% stake of the firm, which has $4.2 trillion in managed assets.
What kind of leader is Abigail Johnson?
Fidelity today fully reflects Johnson’s laser focus and quiet, authoritative leadership style. “Abby is not showy,” says Kathy Murphy, the firm’s president of Personal Investing. “She is hardworking, grounded, passionate, and her values come through.
What family owns Fidelity?
Johnson family
2020 America’s Richest Families Net Worth
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.
Who is the richest person in Massachusetts?
#1: Abigail Johnson
The richest person in Massachusetts is 59-year-old Abigail Johnson with a net worth of $25.2 billion ranking #27 according to Forbes. Johnson has served as CEO of Fidelity Investments since 2014. She took over for her father as chairman in 2016.
Who is Abby Johnson of Fidelity married to?
Christopher J. McKown: Spouse (m. 1988)