Abigail Johnson | |
|---|---|
.jpg) Johnson in 2022 | |
| Born | Abigail Pierrepont Johnson (1961-12-19)December 19, 1961 (age 63) Boston, Massachusetts, US |
| Education | William Smith College (BA) Harvard University (MBA) |
| Occupation | Businesswoman |
| Title | Chairwoman, CEO, and president,Fidelity Investments Chairwoman,Fidelity International |
| Spouse | |
| Children | 2 |
| Father | Edward Johnson III |
| Relatives | Edward C. Johnson II (grandfather) |
Abigail Pierrepont Johnson[1] (born December 19, 1961) is an American billionaire businesswoman, heiress and chief executive ofFidelity Investments. Her family and their affliates own approximately 40% of Fidelity Investments, which was founded by her grandfather,Edward C. Johnson II.[2][3][4]
Since 2014, Johnson has been president and chief executive of Fidelity,[5] and chair of its former sister companyFidelity International (FIL).[6][7] In November 2016, Johnson was named chair and remained CEO and president, giving her full control of Fidelity.[8]
Johnson's net worth is approximately $47.3 billion according toBloomberg L.P. and $35 billion according toForbes.[9][10] She is one of the world's wealthiest women and the richest person residing inMassachusetts.[11] She is also ranked on the "Forbes list of the World's 100 Most Powerful Women".[12] She is a board member ofBreakthrough Energy Ventures.[13]
Johnson was born inBoston, Massachusetts[14] on December 19, 1961. Johnson and her younger siblings did not feel pressured to join the family business. As a child, Johnson was attracted to her father’s work.[15]
Johnson attendedBuckingham Browne & Nichols School, a private school inCambridge, Massachusetts, and then graduated fromWilliam Smith College with a bachelor's degree in art history in 1984.[14] In 1985, she began working as a consultant atBooz Allen Hamilton, where she met her husband. She completed anMBA atHarvard Business School in 1988.[6][1][16]
Upon graduating from Harvard Business School in 1988, Johnson joined Fidelity Investments, which her grandfather Edward Johnson II founded in 1946[6] and of which her fatherEdward Johnson III was then the CEO. She began as an analyst and portfolio manager.[6]
In 2001, she was promoted to president of Fidelity Asset Management. During her time in that position, Johnson unsuccessfully attempted to orchestrate a vote to remove her father as CEO over disagreements about his business decisions.[17]
In 2005, she became Head of Retail, Workplace, and Institutional Business. She was named president in 2012. In 2014, she became CEO,[4][18] and in 2016 she also became chairman.[6]
In 2018, Johnson introduced cryptocurrency investment at Fidelity, making it possible for institutional investors to tradeBitcoin andEther.[6] In November 2018, she was named head of Fidelity Financial Services.[19]
At Fidelity, she reduced dependence on open-ended mutual funds, instead having the company focus on financial advice, brokerage services, and venture capital.[15]
Johnson is married to Christopher J. McKown. They have two daughters.[20] She continued working during the pregnancies.[21]
In 2002, she bought a seaside house inNantucket Island for $9.72 million.[22] As of 2006, she owned an estate inMilton, Massachusetts.[23] She also owns an office building inLondon.[24]
In 2015, Johnson donated $2,700, the maximum amount legally allowed for presidential primary campaigns, to Republican candidateJeb Bush.[25] In 2016, she donated about $330,000 toHillary Clinton's campaign and theDemocratic National Committee.[26]
Johnson has served as a member of theCommittee on Capital Markets Regulation and as a member of the board of directors of theSecurities Industry and Financial Markets Association (SIFMA) and ofMIT.[27] She is the first and only woman to serve on the board of theFinancial Services Forum.[28]
Johnson has been included on theForbes list of the World's 100 Most Powerful Women since 2015. She was ranked 19th in 2015, 16th in 2016, 7th in 2017, 5th in 2018, 7th in 2019, 9th in 2020,[6] 6th in 2021,[29][30] 5th in 2022,[31] 8th in 2023,[32] and 6th in 2024.
In 2023, Johnson was ranked 13th on the list of Most Powerful Women byFortune.[33]
In 2024,American Banker recognized Johnson as the No. 2 Most Powerful Woman in Finance.[34]
