Edward Johnson III Net Worth
Edward Johnson III Net Worth is
$1.2 Million
Edward Johnson III Bio/Wiki, Net Worth, Married 2018
Edward Crosby “Ned” Johnson 3rd (created 29 June 1930) is an American investor and businessman who, in addition to daughter Abigail Johnson, owns and runs Fidelity Investments and Fidelity Worldwide Investment. He afterwards became the portfolio manager for the Fidelity Trend Fund in 1960 and ran the well-known Fidelity Magellan Fund from 1963 to 1977. Then he became president of the organization in 1972 and Chairman and CEO in 1977. Johnson was the very first to start the custom of allowing check writing on money market funds. He was likewise the first to sell discount brokerage services to banks, insurance companies and consumers. He supported and invested in automation of brokerage sales and operations. He holds honorary doctorates from Boston University, Bentley College as well as the Hobart and William Smith Colleges. Having an estimated present net worth of around $9.3 billion, he’s rated by Forbes as the 43rd most affluent man in America. His daughter Abigail, is President of Fidelity Financial Services, and manages all the company’s leading companies including asset management, retail and institutional brokers and retirement and benefit services. In 1965, the US–based Fidelity Foundation was set up by Edward C. Johnson III and his dad. The Edward C. Johnson Fund, a $231 million not-for-profit fund, is also considered to exist/
