The world of finance has made many people rich. On the other hand, many already wealthy people are naturally attracted to the world of finance.
Abigail Johnson Net Worth: $37 Billion
Abigail Johnson sits somewhere in between. Much, but by no means all, of her net worth – around $37 billion as of November 2024 – comes from a significant stake in Fidelity Investments, which she has led as CEO since 2014.
She owns around 30% of the Boston-based global investment business, which oversees $5.5 trillion in assets and has a market capitalisation of $16.62 billion. She has been the richest person located in the US state of Massachusetts since 2015, according to Forbes.
She took over as head of the firm from her father Edward Johnson III, who had in turn inherited the top role from Edward Johnson II, who founded the group 1940.
The 62-year-old, who is married with two children, made the choice to enter the family business at a young age, drawn by a natural curiosity in her parents’ jobs.
Johnson worked summers at Fidelity while studying at William Smith College college. She joined the group full-time as an analyst in 1988 after receiving an MBA from Harvard and working as a consultant at Booz Allen Hamilton,
Forbes ranked her as the 8th most powerful woman in the world on its 2023 roundup, and she has also ranked highly in previous editions, coming 5th in 2022.
“No matter how senior you get in an organization, no matter how well you’re perceived to be doing, your job is never done,” she has said.
“You have to think that the answer and the right answer for you and your organization might not be something that’s been done before. And it’s up to you to discover and work with your team to form and figure out how to do successfully.”
Robin has more than six years of experience as a financial journalist, most of which were spent at Citywire, and covers the latest developments in the investing, trading and currency transfer space. Outside of work, he enjoys reading literature and philosophy and playing the piano.
You can contact Robin at robin@goodmoneyguide.com
