When it comes to the richest people in the U.S. mutual fund business, the list didn't change over the last year. Yet most fundster billionaires lost ground on the list, in net worth and in rankings.
| Abigail Pierrepont Johnson|
FMR (dba Fidelity Investments)
Chair, President, CEO
, CEO of Fidelity
, is still the richest U.S. fundster on the "Forbes 400" list. (The Forbes
their 2019 list on October 2.) Johnson slipped
six spots down on the list from last year, and her estimated net worth fell $3.3 billion, to 34th and $14 billion, respectively.
Three other members of Johnson's family remained on the list, too: Abby's father, Ned Johnson
79th with $7 billion (down from 57th and $8.6 billion in 2018); and Abby's brother Edward Johnson, IV
and sister Elizabeth Johnson
, tied for 268th with $3.1 billion each (down from 190th and $3.9 billion).
Two members of the fund industry's West Coast Johnsons also stayed on the list: Charles Johnson
, former chairman and CEO of Franklin Resources
, ranks 140th
with $4.9 billion (down from 134th and $5 billion); and his brother Rupert Johnson
, vice chairman of Franklin, ranks 187th
with $4 billion (down from 172nd and $4.2 billion).
, co-founder of AQR
, ranks 306th
this year with $2.8 billion (down from 215th and $3.6 billion). And Ron Baron
, CEO of Baron Capital
, ranks 355th
this year with $2.3 billion (down from 354th but level on assets).
Neil Anderson, Managing Editor
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