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Thursday, May 26, 2016

The Richest Person In This State Is a Fundster

News summary by MFWire's editors

In only one of the U.S.'s 50 states, the richest resident is a fundster.

Abby Johnson
President, Chief Executive Officer
Forbes just released its second annual list of "The Richest Person In Every State." And fundsters won't be surprised to see that Abby Johnson, CEO of Fidelity [profile], is on the list.

Johnson holds the Massachusetts spot on the list and ranks 13th among the other states' richest people. Forbes estimates that, thanks to an estimated 24 percent stake in the Boston Behemoth, Johnson is worth $14.7 billion. Though hedge fundsters and private equity folk do appear on the list, too, no other mutual fund industry insiders made the cut this time around.

Forbes' estimates "represent a snapshot of wealth from May 6, 2016." 

Edited by: Neil Anderson, Managing Editor

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