Edward Johnson, III. Net Worth is$6.5 B
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Edward Crosby "Ned" Johnson 3rd (born 29 June 1930) is an American investor and businessman who, along with daughter Abigail Johnson, owns and runs Fidelity Investments and Fidelity International.
Johnson attended prep school at Milton Academy before transferring to Tabor Academy and graduated 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 became the portfolio manager for the Fidelity Trend Fund in 1960 and ran the famous Fidelity Magellan Fund from 1963 until 1977. He became president of the company in 1972 and chairman and CEO in 1977.
He started the practice of permitting check writing on money market funds. He was the first to sell discount brokerage services to banks, insurance companies and consumers. He supported and invested in automation of brokerage sales and operations.
Johnson is a fellow of the American Academy of Arts and Sciences, a trustee of the Beth Israel Hospital and the Boston Museum of Fine Arts and a member of the Boston Society of Security Analysts.
He holds honorary doctorates from Boston University, Bentley College and the Hobart and William Smith Colleges.
With an estimated current[update] net worth of around $5.8 billion, he is ranked by Forbes as the 44th richest person in America.
His daughter Abigail, is President of Fidelity Financial Services, and oversees all of the firm's major businesses including asset management, retail and institutional brokers and retirement and benefit services. Abigail Johnson owns up to 24% of the shares in Fidelity, has a net worth of $10.3 billion and is ranked 29th on the current[update]Forbes 400 rich list.
In 1965, the USa??based Fidelity Foundation was founded by Edward C. Johnson III and his father. The Edward C. Johnson Fund, a $231 million charitable fund, is also believed to exist.[citation needed]

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Edward Johnson, III. Latest News

Beverly, Reginald A.

Gill (Edward) and one son-in-law James Russell Bennett III. He is also survived by a devoted niece and nephew, Priscilla Fairchild Villines (Johnnie) and Aaron Fairchild, Jr. He was preceded in death by his wife, Bessie Johnson Beverly and one daughter ...
Posted: August 16, 2017, 9:35 pm

After 3 1/2 years, SPI Spring Break rape case ends in probation

But it wouldn’t be until two years later that Samuel Edward Benson III, of McAllen, would be indicted on second ... The victim’s aunt, Nancy Johnson, questions whether justice was finally done. Johnson believes Benson was able to “manipulate his ...
Posted: August 19, 2017, 8:21 pm

Your right to know: Latest property transfers and building permits

Hewitt to Edward J. and Ayrisa R. Walker. Lot 1, Hillview Estates, $232,500 R. Fralin Construction Inc. to Brentlee and Samantha Plybon. Lot 6, section III, block A ... Betham to Stacy S. Johnson. Lot 5, Woodbine Acres Subdivision, $180,130 Raymond ...
Posted: August 21, 2017, 4:53 pm

Gretna's Westside Missionary inaugurates Rev. Orin D. Grant Sr.

the largest African American religious organization in the U.S. Other newly installed cabinet members include First Vice President Rev. Edward Joseph III from St. Mary Baptist Church; Second Vice President Rev. Harvey G. Johnson Sr. from Christ the Savior ...
Posted: August 16, 2017, 5:03 am

Calloway, Elijah Fitzgerald

Reverend Edward Milner will officiate. Mr. Calloway, who passed away Friday, August 11, 2017 at his home in Athens, GA, was born October 5, 1964 in Jacksonville, FL. He leaves to cherish his memories: one daughter, Jasmine Ashley Johnson, Opelika ...
Posted: August 14, 2017, 10:11 pm
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