Abigail Johnson Net Worth and Successful Business Woman

Abigail Pierrepont Johnson is a multibillionaire businesswoman and also the grand-daughter of Edward C. Johnson II, the founder of Fidelity Investments. Johnson has served as head of Fidelity International (FIL), the former sister company of American investment business Fidelity Investments (FMR), and president and chief executive officer (CEO) of FMR since 2014.

Edward C. Johnson II, her grandfather, created Fidelity. Up to his passing in March 2022, her father, Edward C. "Ned" Johnson III, served as chair emeritus of FMR. Having been named CEO and president since November 2016, she now has complete responsibility over Fidelity, which employs 45,000 people globally.

She herself had an estimated 24.5% of the privately held business as of March 2013, with the Johnson family holding a 49% share. She acts on the Breakthrough Energy Ventures board of directors.

Let's examine Abigail Pierrepont Johnson net worth, awards, and professional life.

Abigail Johnson Net Worth 2024

Abigail Johnson's net worth is estimated to be $28 billion. At Fidelity Investments, the company her father started, Abigail Johnson serves as chair, CEO, and president. She serves on the Capital Markets Regulation Committee as well.

With assets of just less than $2 trillion, Fidelity Investments is the second-biggest mutual fund firm in the US. Because she owns about a twenty-four per cent share in Fidelity, Abigail Johnson is among the richest women in America. Johnson was listed as the richest person in Massachusetts in 2020.

Biography and Personal Life

In 1988, she wed Christopher J. McKown, the CEO of Iora Health together, they have two kids. She likes to go skiing in free time. Johnson became an associate director of the company in 1994, and her father gave the parent company, FMR, a sizable portion of his voting shares a year later.

This left Johnson as the largest shareholder though the company is still a privately held one and the business media predicted that her father's move was a sign that she was now in line to someday succeed him as company chair. 

She received a promotion to senior vice president in 1998. By this point, she had also tied the knot and had become a mother of two. Her spouse, Christopher J. McKown, is the president and co-founder of a health information firm.

Early Life

On December 19, 1961, she was born in Boston, Massachusetts. Johnson did not feel forced to work for the family company, nor did her younger siblings. Johnson was attracted to her father's art as a young child. Following his time at the elite Buckingham Browne & Nichols School in Cambridge, Massachusetts, Johnson earned a bachelor's degree in art history in 1984 from William Smith College.

Having met her spouse while working as a consultant at Booz Allen Hamilton, she went on to Harvard Business School to earn her MBA. She started by managing investments and doing analyses. She was promoted to the position of president of Fidelity Asset Management in 2001.

After graduation, Abigail had a brief term as a consultant with Booz Allen Hamilton. Johnson continued to Harvard University to earn a Master of Business Administration degree. Following her Harvard Business School graduation in 1988, Johnson started working for Fidelity Investments, which her father Edward Johnson III was the CEO of at the time and which her grandfather Edward Johnson II had founded in 1946.

Professional career

Abigail started her career as a portfolio manager and analyst at Fidelity Investments in 1988. Her father, Edward C. "Ned" Johnson III, was working as the company's CEO at the time. Her grandfather, Edward C. Johnson II, founded Fidelity Investments in 1946. Johnson was promoted to a senior role with Fidelity Management Research in 1997.

She was promoted to Chief of Retail, Workplace, and Institutional Business in 2005. In 2012, Abigail received a promotion to President of Fidelity Investments, and in 2016, she was named Chairman. In 2018, Johnson opened up cryptocurrency investing to Fidelity, allowing investors to trade Bitcoin and Ethereum.

She announced in November 2016 that he would hand over all responsibilities to Abigail and retire the following month. She gained complete control over Fidelity and its 45,000 people globally when she was appointed president and CEO of the business as well as chair of its international sister company, Fidelity International.

Politics

Johnson gave Republican candidate Jeb Bush $2,700 in 2015 the highest amount allowed by law for presidential primary campaigns. She gave the Democratic National Committee and Hillary Clinton's campaign over $330,000 in 2016.

Honors and Awards

Johnson has held positions on the boards of directors of MIT, the Securities Industry and Financial Markets Association (SIFMA), and the Committee on Capital Markets Regulation. She is the only female member of the Financial Services Forum board of directors.

She has been one of the world's most powerful women for several years: She came in at number thirteen on Fortune's 2023 list of the Most Powerful Women.

Frequently Asked Questions:

Q. What is the net worth of Abigail Johnson?
She acts on the Breakthrough Energy Ventures board of directors. Having been named CEO and president since November 2016, Johnson now has complete responsibility over Fidelity, which employs 45,000 people globally. At over $35.6 billion as of June 2024, Johnson is among the wealthiest women in the world.

Q. What created Abigail Johnson's billionaire status?
Johnson's 32.74% interest in FMR, the parent company of Fidelity Investments, accounts for the majority of her wealth. Her ownership comes from a distribution of her father Edward Johnson III's share and an August 2005 SEC filing.

Q. What is the term of Abby Johnson as CEO?
The mutual fund company that her grandpa founded in 1946, Fidelity Investments, is presently headed by Abigail Johnson as chairman and CEO. Since 2014, when she replaced her father in the role, she has served as CEO and Chairwoman.