MutualFundWire.com: Abby and Ned Johnson Rise on a List as Bill Gross Falls

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Friday, September 20, 2013

Abby and Ned Johnson Rise on a List as Bill Gross Falls

Abby Johnson, heiress apparent to the Fidelity [profile] throne, moved up to number 23 from number 27 in 2012. Fidelity is growing and innovating by introducing more ETFs and getting involved in alternative funds.

Ned Johnson or Edward Johnson of Fidelity ranked number 52 in 2012 and ranks number 44 now.

Rupert Johnson, vice chairman and director for Franklin Templeton [profile] parent Franklin Resources, ranked 77, at the same place as last year.

Bill Gross fell from 206 in 2012 to 252 this year. He was paid $200 million last year, $100 million more than his CEO, Bloomberg reports, but his compensation as of this year is unknown.

Morningstar founder Joe Mansueto moved up from 297 in 2012, with a net worth of $1.65 billion to number 260 with a net worth of $2.1 billion. Mansueto owns 24 million shares and 53.01 percent of common stock as of April 2013.

Ron Baron, founder of Baron Capital [profile] fell from a rank of 311 in 2012 to a rank of 327 this year. His wealth is now $1.7 billion. His wealth was actually lower in 2012 at $1.5 billion.

Michael Price, president of MFP Investors is not on the list anymore, but was number 328 in 2012 with $1.4 billion. His net worth is now $1.25 billion.

Charles Brandes, founder and chairman of Brandes Investment Partners [profile] , has a net worth of $1.1 billion. He made it to number 331 in 2011 but hasn't been on the list since.

Mario Gabelli, founder of GAMCO Investors [profile], made it to number 382 at $1.35 billion, up from number 392 in 2012 when he had a net worth of $1.1 billion.

To read the 2011 and 2012 MFWire lists of fundsters on the Forbes 400, click here here and here.

Printed from: MFWire.com/story.asp?s=46087

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