⬅ # 182 Chris Xu|# 184 Carrie Perrodo

# 183 Edward Johnson IV 

$11.1B

Real Time Net Worth
as of 4/23/2024
$263 (0.00%)

# 183 Edward Johnson IV 

$11.1B

Real Time Net Worth
as of 4/23/2024
$263 (0.00%)
OccupationPresident, Pembroke
Source of WealthFidelity
Age59
ResidenceBoston, Massachusetts
EducationBS, Northeastern University
Age-Adjusted Net Worth$11.9B
Edward Johnson IV
Edward Johnson IV
United States
Net worth: $11.1B

Self-Made Score 

Wealth History

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Biography

Early Life and Family Background

Edward Johnson IV is the grandson of Edward Johnson II, the founder of Fidelity Investments in 1946.
He is the brother of Abigail Johnson, the current CEO and Chairman of Fidelity.

Professional Roles

Edward Johnson IV serves as the president of Pembroke Real Estate, a company owned by Fidelity's parent company, FMR.
In his role at Pembroke, Edward leads a senior team and oversees worldwide development activities, including design, planning, construction, leasing, and marketing communications.
He ensures the acquisition and development of assets that add long-term value to the portfolio.

Financial Holdings

Edward Johnson IV owns a 5.56% stake in FMR, as indicated in company documents filed with the Utah Department of Insurance in 2000.

Philanthropy

The Johnson family, including Edward, is a major donor to nonprofits in Boston.
They have contributed to institutions such as Harvard, Historic New England, and the Institute of Contemporary Art.

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

If you started with $10,000 and invested an additional $500 each month at a 43.95% CAGR, it would take you 5 years to reach Edward Johnson IV's net worth of $11.1B.

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 34.07% compared to 5.08% for the S&P 500 benchmark.

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Edward Johnson IV 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 Edward Johnson IV, Fidelity 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