Edward Johnson, III.
Investments

Edward Johnson, III. Net Worth

Edward Johnson III was born on June 29, 1930 in Boston, Massachusetts. After serving in the Army, he joined his father's money management firm, Fidelity, as an analyst. Under his leadership, Fidelity grew to become the second largest mutual fund manager in the U.S. with $2.3 trillion in assets under management. He also promoted Peter Lynch to run the Magellan Fund in 1977. In addition to his business success, Edward Johnson III is also an art collector who frequently loans pieces to museums in New England. In 2014, his daughter Abigail took over as CEO of Fidelity.
Edward Johnson, III. is a member of Investments

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.

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

Famous Quotes:

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

Biography/Timeline

1943

With an estimated current net worth of around $9.3 billion, he is ranked by Forbes as the 43rd richest person in America.

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. 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.

1965

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.

2014

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.

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. 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

About the author

Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.