Abigail Johnson, the CEO of Fidelity Investments and one of the world’s wealthiest women, has made a name for herself in the finance industry. In this article, we will explore Abigail Johnson net worth, career, personal life, and the reasons behind her fame.
What is Abigail Johnson Net Worth and Salary in 2023?
Abigail Johnson, the CEO of Fidelity Investments since 2014 and chairman since 2016, has an estimated net worth of $20.1 billion in 2023. The majority of her fortune comes from her 24.5% stake in Fidelity, a leading investment firm founded by her grandfather Edward C. Johnson II.
As for her salary, Abigail Johnson earns an impressive $400 million per year. With Abigail Johnson at the helm, Fidelity Investments has flourished into one of the foremost asset management companies globally.
Under her adept leadership, the firm has achieved impressive milestones, boasting $3.9 trillion in assets under management and an impressive $10.3 trillion in assets under administration as of December 2022. This growth positions Fidelity Investments as one of the largest asset managers worldwide.
Abigail Johnson Overview
Early Life
Born on December 19, 1961, in Boston, Massachusetts, USA, Abigail Johnson was raised in a family deeply entrenched in the financial industry. Her father, Edward C. Johnson III, held the prestigious positions of founder and chairman at Fidelity Investments, an esteemed asset management firm recognized globally.
Growing up in such an environment, Abigail Johnson was immersed in the intricacies of the financial realm and developed a keen understanding of the significance of investments from an early age.
Her father often discussed business matters at the dinner table, fostering her curiosity and interest in the industry.
Her grandfather, Edward C. Johnson II, had also been a prominent figure in the world of finance, having founded the family-owned company in 1946.
Abigail Johnson received an excellent education that laid the foundation for her future success. Abigail Johnson pursued her higher education at Hobart and William Smith Colleges, where she achieved academic excellence and graduated magna cum laude. She obtained a Bachelor of Arts degree in art history, showcasing her diverse interests.
Building upon her undergraduate success, she furthered her education at Harvard Business School, where she completed a rigorous program and earned a prestigious Master of Business Administration (MBA) degree, solidifying her business acumen and expertise.
Career
After successfully earning her MBA from Harvard Business School in 1988, Abigail Johnson embarked on her professional journey. She commenced her career at Fidelity Investments, where she made a significant impact from the start.
Joining as an analyst and portfolio manager, she utilized her knowledge and skills to contribute to the company’s growth and success. This pivotal role marked the beginning of Johnson’s noteworthy career in the financial industry.
Her experience as a healthcare sector analyst at Fidelity played a pivotal role in shaping her leadership skills.
In 2001, she was promoted to president of Fidelity Asset Management. Later, in 2005, she became the Head of Retail, Workplace, and Institutional Business, and in 2012, she was named president of the company.
In 2014, Johnson took over as CEO from her father, and in 2016, she also assumed the role of chairman. Under her leadership, Fidelity Investments has continued to grow, managing $3.7 trillion in assets. Johnson owns an estimated 24.5% stake in the firm, contributing to her wealth of approximately $22.6 billion.
Throughout her career, Abigail Johnson has been recognized for her achievements and influence in the financial industry. Forbes has consistently ranked her among the most powerful women in the world, and she has been named on their “The Richest Person In America’s 50 Largest Cities” list and “Powerful Women” list.
Personal Life
Abigail Johnson is known for maintaining a low profile and rarely engaging with the press. She is married and has two daughters. After going public with her conversion to the anti-abortion position, Johnson and her husband converted to Catholicism in 2012.
Why is Abigail Johnson Famous?
Abigail Johnson is famous for her role as the CEO of Fidelity Investments, one of the world’s largest providers of mutual funds and financial services.
Her impressive net worth and ranking on Forbes’ list of the World’s 100 Most Powerful Women have also contributed to her fame. Despite her success, she remains humble and focused on continuous improvement, innovation, and creative solutions within her organization.
FAQs about Abigail Johnson
What is Abigail Johnson famous for?
Abigail Johnson is famous for being the CEO of Fidelity Investments and one of the world’s wealthiest women.
When did Abigail Johnson become CEO of Fidelity Investments?
Abigail Johnson became CEO of Fidelity Investments in 2014.
What religion is Abigail Johnson?
Abigail Johnson converted to Catholicism in 2012.
Conclusion
Abigail Johnson’s journey to becoming one of the world’s wealthiest women and the CEO of Fidelity Investments is a testament to her hard work, dedication, and commitment to excellence.
Her leadership style, focus on innovation, and ability to adapt to new challenges have contributed to her success in the finance industry. Despite her immense wealth and power, she remains grounded and dedicated to pushing her organization forward every day.
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