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Abigail Pierrepont Johnson (born December 19, 1961) is the president of Fidelity Investments Personal and Workplace Investing, a position she has held since 2008.
She is also vice chair of the Board of Directors. She first joined Fidelity as an intern in 1988, fresh out of Harvard University.
Johnson was born in 1961 to the owners of Fidelity Investments, Edward C. Johnson II and Elizabeth “Betsy” Johnson.
Abigail is one of three children born to her parents, including her brother Edward “Ned” Johnson III , who serves as chairman of the company, and her sister Sarah, an artist.
Abigail Johnson Net Worth is estimated at 2,160 crores USD in 2023.
Abigail Johnson’s net worth is currently estimated to be around $21.6 billion, making her one of the richest people in the world.
Much of this wealth comes from her position as President of Fidelity Investments.
Johnson is the daughter of Edward C. Johnson II and Elizabeth “Betsy” Cannon, who are among the richest people in Massachusetts.
She grew up with her two siblings, Edward Jr., also known as Ned, and Sarah Johnson. Her father was president of Fidelity until 1972, when he became chairman in 2014.
In 1988, at the age of 26, Johnson became an intern at Fidelity Investments.
She worked her way up the ladder and in 2008 was appointed president of Personal and Workplace Investing.
As of 2017, she is also vice chair of the Board of Directors.
Johnson is known for her dedication to her work. In 2017, she announced that she was cutting her pay by 90% in order to focus on the company.
Who is Abigail Johnson?
Most people know the name Abigail Johnson, but few know much about her.
She is the daughter of Fidelity Investments CEO, Edward C. “Ned” Johnson III, and she has been working at the company since she was a teenager.
In fact, she started working at Fidelity as a summer intern in high school.
Abigail Johnson is now the Fidelity Investments CEO and president, succeeding her father who has been in charge since 1977.
Abigail Johnson was born in 1969 to Ned and Barbara Johnson.
After she graduated from Milton Academy, a private preparatory school in Massachusetts, she attended Harvard University where she majored in economics and sociology.
She then went to work for Fidelity Investments, starting as a research analyst and eventually rising through the ranks.
In 2014, Abigail Johnson became the CEO of Fidelity Investments, making her the first woman to head a major Wall Street firm.
In her role as CEO, she has been responsible for expanding the company’s charitable and philanthropic efforts and signing on new clients.
She also led the company’s entry into providing financial advice to university endowments and foundations.
In addition to her work at Fidelity Investments, Abigail Johnson is a board member of several groups, including the boards of directors for the Federal Reserve Bank of Boston, General Electric, and Boston Properties.
Abigail Johnson is a highly accomplished businesswoman and has been a driving force behind the success of Fidelity Investments.
She is a role model for young women who are interested in pursuing careers in business and finance.
In her own words, “There’s no reason why women can’t be as good as men in these roles.”
Abigail Johnson is a woman who has had to overcome obstacles and stereotypes, but all of her hard work has paid off and she is now the CEO of one of the most successful financial services companies around.
For young women contemplating business or finance as a career path, Abigail Johnson is an excellent role model who has paved the way for success.
Net worth of Abigail Johnson :
A recent study by Forbes magazine has revealed that the net worth of Abigail Johnson, CEO of Fidelity Investments, is $21.6 billion.
This makes her the richest woman in America and the second-richest person in the country overall, behind only Bill Gates.
Johnson’s fortune is largely attributable to her ownership stake in Fidelity, which is the largest mutual fund company in the world.
She first joined the company as a clerk in 1982 and has worked her way up through the ranks, becoming CEO in 2014.
Despite her massive wealth, Johnson is not known for being flashy or ostentatious. In fact, she is known for being quite frugal, preferring to live in a relatively modest home rather than one of her company’s lavish mansions.
Although Johnson has no formal education in finance or economics, she is known as something of an expert on the subject.
She frequently gives financial advice to other members of the wealthy elite who are unsure how to manage their own massive fortunes.
When asked about her unique position as both the CEO of one of the largest companies in America and also by far the wealthiest woman in the country, Johnson said that it doesn’t bother her.
She believes that there is no inherent conflict between making money and doing good, or at least wanting to do good, for other people.
She would like to see more people in the world become wealthy so that they can do more good in the world.
Career and Education :
Chairman and CEO of Fidelity Investments Abigail Johnson will retire from her position on July 31, 2019.
She made the announcement during a presentation to investors at the company’s annual shareholder meeting in Boston on May 23, 2019.
In remarks released by Fidelity she said: “it is time for me to think about my next chapter.”
Johnson, 57, has been with the company for 34 years, starting as an intern in 1985. She was appointed president of Fidelity Investments in 2006 and chairman and CEO in November 2014.
Fidelity is one of the world’s largest asset management companies, with $2.5 trillion in assets under management as of March 31, 2019.
The company said Johnson will continue to be involved in strategic matters at the firm, including by serving as an advisor to portfolio managers on “critical decisions” they face.
Johnson’s brother, Edward C. Johnson III, is Fidelity’s chairman emeritus but he has no current role with the company. Her father was also CEO of the firm for more than 20 years.
Abigail Johnson’s retirement will be effective at the end of July 2019.
Johnson is a graduate of Radcliffe College (now Harvard University), and has an MBA from the Harvard Business School.
She started working at Fidelity in 1973 as a research associate, and became president of Fidelity International in 1988. She was named CEO of Fidelity Investments in 2000, and Chairman in 2004.
In 2013, Johnson became the first female director on the board of Coca-Cola.
In 2014, Johnson was elected to YPO (formerly Young Presidents’ Organization) as World President and Chairman of the Board at YPO Gold.
She serves as a U.S. Trustee of The Forbes Funds, where she has served as an Honorary Trustee since 2001.
Johnson also sits on the board of trustees of the Museum of Fine Arts Boston and is a national committee member for United Way.
Her previous board associations include serving as co-chair of The National Center on Addiction and Substance Abuse at Columbia University (CASA) with former President Bill Clinton, chairing Catalyst’s Board of Directors, and being a member of the Executive Committee of the Investment Company Institute (ICI).
Abigail Johnson is one of the most powerful and influential women in business today.
She has a long and successful career at Fidelity Investments and is now president of the company.
Johnson is also a director on the board of Coca-Cola and is involved in many other business and philanthropic organizations. She is a graduate of Radcliffe College and Harvard Business School and has a wealth of experience in business and finance.
Johnson is a role model for women everywhere, and her achievements are an inspiration to all.
Achievements :
In a recent speech to the U.S. House Committee on Education and Labor, Abigail Johnson stated that America’s education system is in great need of reform.
“We have a broken educational system that deprives our children of the future they deserve,” she said.
Johnson went on to say that our nation’s public schools are failing because they are being held hostage by “special interests” and thus have become more concerned with protecting their own jobs than educating our children.
Johnson called for greater accountability among teachers, administrators, parents, and elected officials to ensure that all children have access to quality education.
She closed her remarks with a call for greater school choice. “Let us commit ourselves to allowing parents, teachers and students the opportunity for greater flexibility in meeting state and national standards,” she said.
“By doing so, we will close our broken public education system and make way for all children to receive an excellent education.”
Johnson called for greater accountability among teachers, administrators, parents, and elected officials to ensure that all children have access to quality education.
She also believes in giving more choice to the people who matter the most in this whole equation which are the students and the parents.
We need to allow for more flexibility in meeting state and national standards so that each student can be given what they need to succeed.
This is what will close our broken public education system and give every child the chance for a great education.
Abigail Johnson Interviews :
FAQs on Abigail Johnson Net Worth :
What is Abigail Johnson net worth?
Abigail Johnson's net worth is $14.4 billion as of August 2017, according to Forbes.
How did Abigail Johnson amass her wealth?
Johnson inherited a stake in Fidelity Investments from her father, Edward C. Johnson II, who founded the company in 1946.
What is Abigail Johnson's role at Fidelity?
Johnson is the president and CEO of Fidelity Investments, the world's largest provider of financial services to individual investors.
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Conclusion – Abigail Johnson Net Worth 2024
It is evident that Abigail Johnson net worth is quite impressive and she has worked hard to amass such a fortune.
What is not clear, however, is how much of her wealth is derived from her work at Fidelity Investments and how much comes from her family’s legacy.
Regardless of the exact proportions, it is clear that Abigail Johnson is a very successful businesswoman and her net worth is likely to continue growing in the years to come.
