Abigail Johnson

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Abigail Johnson
Abigail Johnson at the Boston Convention and Exhibition Center on April 24, 2012.jpg
Abigail Johnson at the Boston Convention and Exhibition Center on April 24, 2012
Born
Abigail Pierrepont Johnson

(1961-12-19) December 19, 1961 (age 57)
ResidenceBoston, Massachusetts, U.S.
CitizenshipAmerican[1]
Alma materWilliam Smith College
Harvard University
OccupationChairman, CEO and President, Fidelity Investments
Chairman, Fidelity International
Net worthUS$14.6 billion (June 2019) [2]
Spouse(s)
Christopher John McKown (m. 1988)
[3][4]
Children2[1][4]
RelativesEdward C. Johnson II (grandfather), Edward C. Johnson III (father), Edward C. Johnson IV (brother),[5] Elizabeth Johnson (sister)

Abigail Pierrepont Johnson[3] (born December 19, 1961) is an American billionaire businesswoman. Since 2014, Johnson has been president and chief executive officer of American investment firm Fidelity Investments (FMR),[6] and chairman of its international sister company Fidelity International (FIL). Fidelity was founded by her grandfather Edward C. Johnson II. Her father Edward C. "Ned" Johnson III remains chairman emeritus of FMR. As of March 2013, the Johnson family owned a 49% stake in the company, with Johnson herself holding an estimated 24.5%.[7]

In November 2016, Johnson was named chairman and will remain CEO and president, giving her full control of Fidelity with 45,000 employees worldwide.[8] Johnson's wealth is approximately $16 billion,[2] making her one of the world's wealthiest women.

Early life and education[edit]

Johnson attended Cambridge, MA private school Buckingham Browne and Nichols before graduating from Hobart and William Smith with a bachelor of arts degree in art history in 1984.[9] After a brief stint as a consultant at Booz Allen Hamilton from 1985–86, Johnson completed an MBA at Harvard Business School.

Fidelity Investments[edit]

Upon graduating from Harvard Business School in 1988, Johnson joined Fidelity Investments - which her grandfather Edward Johnson II founded in 1946[10] - as an analyst and portfolio manager. In 2001, she was promoted to President of Fidelity Asset Management. In 2005, she became Head of Retail, Workplace, and Institutional Business. She was named president in 2012. In 2014, she became CEO, a role her father had held since 1977,[11] and in 2016 she became chairman as well.[12]

Politics[edit]

In 2016, Johnson donated $2,700, the maximum amount legally allowed for presidential primary campaigns, to Republican presidential candidate Jeb Bush.[13]

Awards and honors[edit]

Johnson is a member of the Committee on Capital Markets Regulation. She is a member of the board of directors of the Securities Industry and Financial Markets Association (SIFMA). She is the first and only woman to serve on the board of the Financial Services Forum.[14]

In 2018, “Forbes” ranked her as 5th most powerful woman in the world. In 2016, "Forbes" ranked her as the 16th most powerful woman in the world. In 2015, she was ranked as #19. In 2014, she was #34[15] and in 2017 #7.[16]

See also[edit]

References[edit]

  1. ^ a b "The World's Billionaires (2010): #48 Abigail Johnson". Forbes. March 3, 2010. Retrieved February 24, 2011.
  2. ^ a b "Forbes profile: Abigail Johnson". Forbes. Retrieved June 3, 2019.
  3. ^ a b "Abby Johnson Has Wedding". The New York Times. June 26, 1988. Retrieved February 24, 2011.
  4. ^ a b "Fidelity: Here Comes Abby". BusinessWeek. July 8, 2002. Retrieved July 24, 2016.
  5. ^ Lau, Debra (May 21, 2001). "Fidelity Promotes Abigail Johnson To President". Forbes. Retrieved February 24, 2011.
  6. ^ O'Donnell, Carl (October 13, 2014). "Abigail Johnson Replaces Father Edward As CEO Of Fidelity". Forbes. Retrieved December 5, 2014.
  7. ^ "Abigail Johnson". Forbes.
  8. ^ Healy, Beth (November 21, 2016). "'Ned' Johnson stepping down as Fidelity chairman". The Boston Globe. Retrieved December 26, 2016.
  9. ^ "William Smith Leaders: Abigail P. Johnson '84". William Smith College. Retrieved May 4, 2015.
  10. ^ Abigail Johnson, President-CEO, Fidelity Investments
  11. ^ Grind, Kirsten. "Abigail Johnson Named CEO of Fidelity Investments". WSJ. Retrieved June 18, 2019.
  12. ^ "Abigail Johnson". Forbes. Retrieved June 18, 2019.
  13. ^ https://www.bizjournals.com/boston/news/2015/11/13/fidelity-s-abby-johnson-maxes-out-donations-to.html
  14. ^ Healy, Beth (December 5, 2014). "Abigail Johnson, after years of training, gets to put her stamp on Fidelity". The Boston Globe. Retrieved December 5, 2014.
  15. ^ "The World's 100 Most Powerful Women". Forbes. Forbes. Retrieved July 20, 2015.
  16. ^ "World's Most Powerful Women". Forbes. Retrieved March 29, 2018.