Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:The Eight Richest U.S. Fundsters Are ... Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, October 8, 2019

The Eight Richest U.S. Fundsters Are ...

News summary by MFWire's editors

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
Abby Johnson, CEO of Fidelity, is still the richest U.S. fundster on the "Forbes 400" list. (The Forbes team released 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, ranked 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).

Cliff Asness, 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). 

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use