Edward Johnson, III.

About Edward Johnson, III.

Birth Day: June 29, 1930
Birth Place: Boston, Massachusetts, United States
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

Edward Johnson, III.


Investments

Edward Johnson, III. is a member of Investments born on June 29, 1930 in Boston, Massachusetts, United States. At age 88 Edward Johnson, III. net worth is approximately $8.14 Billion. After a stint in the Army, Edward "Ned" Johnson III joined money manager Fidelity, which his dad founded in 1946, as an analyst.

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💰 Net worth: $8.14 Billion

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.”

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