Age, Biography and Wiki
| Birth Day | June 29, 1930 |
| Birth Place | Boston, Massachusetts, United States |
| Age | 93 YEARS OLD |
| Birth Sign | Cancer |
| Residence | Boston, Massachusetts, U.S. |
| Education | Milton Academy and Tabor Academy |
| Alma mater | Harvard College |
| Occupation | Chairman Emeritus, Fidelity Investments |
| Children | Abigail Johnson, Elizabeth L. Johnson, Edward Johnson IV |
| Parent(s) | Edward C. Johnson II |
Net worth: $12 Billion (2024)
Edward Johnson, III. is a renowned figure in the world of investments in the United States. With an estimated net worth of $12 billion in 2024, he is considered one of the wealthiest individuals in the country. Johnson has built his fortune through his expertise in the investment industry, particularly as the CEO and president of Fidelity Investments, one of the largest financial services corporations globally. His vast wealth is a testament to his successful career and ability to navigate the complexities of the financial market. Edward Johnson, III. continues to leave a noteworthy legacy in the investment arena, shaping the landscape of wealth generation in the United States.
Famous Quotes:
The market is like a beautiful woman--always fascinating, always mystifying.
Biography/Timeline
With an estimated current net worth of around $9.3 billion, he is ranked by Forbes as the 43rd richest person in America.
Johnson attended prep school at Milton Academy before transferring to Tabor Academy and graduating with a Bachelor's degree from Harvard College in 1954. 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. Johnson II in 1949. He later became the portfolio manager for the Fidelity Trend Fund in 1960 and ran the famous Fidelity Magellan Fund from 1963 to 1977. He then became President of the company in 1972 and Chairman and CEO in 1977.
In 1965, the US–based Fidelity Foundation was founded by Edward C. Johnson III and his Father. The Edward C. Johnson Fund, a $334 million charitable fund, contributes to institutions in the Boston area and beyond.
His daughter Abigail has taken over the role of CEO of Fidelity Investments and Chairman of Fidelity International in 2014. As of 2012, Abigail owned up to 24% of the shares in Fidelity, had a net worth of $10.3 billion and was ranked 29th on the Forbes 400 rich list.
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. Although he will no longer be a member of the Board of Directors at Fidelity, Johnson plans to “maintain office hours . . . and continue to consult periodically with Abby.”
Some Edward Johnson, III. images
