⬅ # 631 Dan Kurzius|# 633 Winnie Johnson-Marquart ➡

# 632 Charles B. Johnson 

$5.03B

Real Time Net Worth
as of 5/27/2024
$41 (0.00%)

# 632 Charles B. Johnson 

$5.03B

Real Time Net Worth
as of 5/27/2024
$41 (0.00%)
OccupationFormer Chair and CEO, Franklin Resources
Source of WealthFranklin Templeton
Age91
ResidencePalm Beach, Florida
Marital StatusMarried
Children6
EducationBS, Yale University
Age-Adjusted Net Worth$617.92M
Charles B. Johnson
Charles B. Johnson
United States
Net worth: $5.03B

Self-Made Score 

Wealth History

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Biography

Early Life

Charles Bartlett Johnson was born on January 6, 1933 in Montclair, New Jersey to Rupert Harris Johnson and Florence Endler
Graduated from Yale College in 1954
Served as a lieutenant in the United States Army stationed in Germany

Career Highlights

Joined Franklin Resources, founded by his father, in 1957
Became CEO of Franklin Resources at age 24 in 1957
Led Franklin Resources for 56 years, retiring in 2013
Took the company public in 1971
Oversaw the acquisition of Templeton, Galbraith & Hansberger Ltd. in 1992
Stepped down as chairman in 2013, succeeded by his son Greg Johnson
Daughter Jennifer appointed CEO in 2020

Philanthropy and Donations

Significant benefactor of Yale University, funding athletic and student facilities
Donated $250 million to Yale University for the construction of two new residential colleges in 2013
One of the largest donors to Republican and Tea-Party-backed political campaigns
Contributed over $900,000 to various political campaigns from 2000 to mid-2015
Donated $1 million to a super PAC supporting Jeb Bush's presidential candidacy in 2015
Contributed $700,000 to Donald Trump's 2020 presidential campaign
Donated to various Republican candidates, including controversial figures like Lauren Boebert

Personal Life

Resides in Palm Beach, Florida
Married to Ann Johnson with six children
Son Greg Johnson is executive chairman at Franklin Resources
Daughter Jennifer M. Johnson is the chief executive officer

Real Estate and Wealth Management

Purchased the Carolands Chateau in Hillsborough, California, in 2009 for $26 million
Appraised at $130 million by 2023
Donated Carolands Chateau to the Carolands Foundation in 2012
Filed for tax-exempt status for the mansion, citing public tours which were limited in reality
Received over $38 million in tax savings over five years due to high appraisal and tax-exempt status
Controversy arose regarding the validity of appraisal and tax-exempt status

How long would it take you to become as rich as Charles B. Johnson?

If you started with $10,000 and invested an additional $500 each month at a 44.02% CAGR, it would take you 5 years to reach Charles B. Johnson's net worth of $5.03B.

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 42.57% compared to 11.75% for the S&P 500 benchmark.

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

Charles B. 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 Charles B. Johnson, Franklin Templeton 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