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What is Abigail Johnson’s Net Worth?
Abigail Johnson, the Chairman and CEO of Fidelity Investments, has an estimated net worth of $29.4 billion. This wealth is largely derived from her 32.74% stake in FMR, the parent company of Fidelity Investments, which manages approximately $4.9 trillion in discretionary assets.
In addition, the Johnson family collectively holds a significant portion of Fidelity International, with Abigail herself credited with a 10.9% share of the company.
Johnson’s wealth has been bolstered by Fidelity’s robust financial performance under her leadership. In 2023, Fidelity reported a revenue of $28.2 billion and an operating income of $8.5 billion, reflecting a 12% increase in revenue from the previous year. The company’s strategic focus on digital engagement and attracting younger investors has also contributed to its growth, with a notable increase in retail accounts and digital interactions.
Here’s the breakdown of Abigail Johnson’s net worth:
Name: | Abigail Johnson |
Net Worth: | $29.4 Billion |
Date of Birth: | Dec 19, 1961 |
Profession: | Entrepreneur, Businessperson |
If you’re curious about how we estimate a celebrity’s net worth, you can check out our methodology here.
Early Life
Abigail Pierrepont Johnson was born on December 19, 1961, in Boston, Massachusetts. She hails from a prominent Boston Brahmin family with deep roots in New England commerce dating back to the early 1800s. Her grandfather, Edward C. Johnson II, founded Fidelity Investments in 1946, and her father, Edward C. “Ned” Johnson III, later took over the company.
Abigail attended the private Buckingham Browne & Nichols School in Cambridge, Massachusetts, and later graduated from William Smith College with a bachelor’s degree in art history in 1984. She went on to earn an MBA from Harvard Business School in 1988.
Career
Abigail Johnson’s career at Fidelity Investments began in 1988 when she joined the company as an analyst and portfolio manager. Over the years, she held various leadership roles, including President of Fidelity Asset Management in 2001, Head of Retail, Workplace, and Institutional Business in 2005, and President of Fidelity Investments in 2012. In 2014, she was named CEO of Fidelity Investments, and in 2016, she became the Chairman, giving her full control of the company.
Under her leadership, Fidelity has seen significant growth and innovation. The company reported $28.2 billion in revenue and $8.5 billion in operating income for 2023, managing approximately $4.9 trillion in discretionary assets.
Johnson has been instrumental in pushing Fidelity towards digital engagement, attracting younger and more diverse investors, and expanding into the digital asset space, including cryptocurrencies. Her strategic vision has solidified Fidelity’s standing as a global powerhouse in investment management.
Personal Life
Abigail Johnson is married to Christopher J. McKown, and they have two daughters. Despite her immense success, she maintains a private and modest lifestyle, shunning publicity and focusing on her work and family.
Johnson is also known for her philanthropic efforts, supporting various educational and cultural institutions, and advocating for women’s rights and gender equality. She serves on the board of several organizations, including Breakthrough Energy Ventures and the Council on Foreign Relations.
Ashley Roberts is the founder of Real-Time Billionaires List. She founded this platform because she likes to know how much celebrities are actually making. She is always curious why these people can make much more money than the ordinary person.
With a Bachelor’s degree in finance, she is skilled at financial analysis and understands numbers related to wealth. Most of the articles on this site are edited by herself before publishing.
