⬅ # 49 Savitri Jindal|# 51 Miriam Adelson

# 50 Abigail Johnson 

$34.1B

Real Time Net Worth
as of 5/18/2024
$26.7M (0.08%)

# 50 Abigail Johnson 

$34.1B

Real Time Net Worth
as of 5/18/2024
$26.7M (0.08%)
OccupationChair & CEO, Fidelity
Source of WealthFidelity Investments
Age62
ResidenceMilton, Massachusetts
Marital StatusMarried
Children2
EducationMBA, Harvard Business School; BS, Hobart and William Smith
Age-Adjusted Net Worth$29.7B
Abigail Johnson
Abigail Johnson
United States
Net worth: $34.1B

Self-Made Score 

Wealth History

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Biography

Personal Information

Abigail Pierrepont Johnson was born on December 19, 1961, in Boston, Massachusetts.
She is the granddaughter of Edward C. Johnson II, the founder of Fidelity Investments.
Her father, Edward C. 'Ned' Johnson III, was the chair emeritus of FMR until his death in March 2022.
As of March 2013, the Johnson family owned a 49% stake in Fidelity, with Abigail Johnson holding an estimated 24.5%.

Early Life and Education

During her childhood, she attended Buckingham Browne & Nichols School in Cambridge, Massachusetts.
She graduated from William Smith College in 1984 with a bachelor's degree in art history.
After working as a consultant at Booz Allen Hamilton, she completed an MBA at Harvard Business School.

Career at Fidelity Investments

Abigail Johnson joined Fidelity Investments in 1988 as an analyst and portfolio manager.
In 2001, she became the president of Fidelity Asset Management.
She became Head of Retail, Workplace, and Institutional Business in 2005.
Abigail Johnson was named president of Fidelity Investments in 2012.
In 2014, she became the CEO, and in 2016, she also took on the role of chairman.
In 2018, she introduced cryptocurrency investment at Fidelity, allowing institutional investors to trade bitcoin and ethereum.

How long would it take you to become as rich as Abigail Johnson?

If you started with $10,000 and invested an additional $500 each month at a 44.10% CAGR, it would take you 5 years to reach Abigail Johnson's net worth of $34.1B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 42.76% compared to 11.89% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Abigail Johnson is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Abigail Johnson, Fidelity Investments is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey