Edward Johnson III Biography

Edward Johnson III, an American investor, and businessman was born on June 29, 1930, and owns and operates Fidelity Investments and Fidelity International with his daughter Abigail Johnson. He is the 44th richest person in America, according to Forbes, with an estimated net worth of $5.8 billion. Abigail, his daughter, is President of Fidelity Financial Services, where she is in charge of all of the company's principal operations, including asset management, retail, and institutional brokerage, and retirement and benefits services. Abigail Johnson owns up to 24% of Fidelity's stock, has a net worth of $10.3 billion, and is rated 29th among the Forbes 400 richest people in the world. Edward C. Johnson III and his father established the Fidelity Foundation in the United States in 1965. It's also possible that the Edward C. Johnson Fund, a $231 million charity trust, exists.

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