Johnson is the youngest daughter of Edward "Ned" Johnson III, the former chairman of Fidelity Investments, a mutual fund company. The Boston-based business has about $6.8 trillion in discretionary managed assets. She's also the founder of Florida horse stable Louisburg Farm. Her sister Abigail is Fidelity's CEO.
The majority of Johnson's fortune is derived from her 5.6% stake in FMR, the parent company of Fidelity Investments. The holding is based on a Dec. 31, 2000 disclosure to Utah regulators and a distribution of her father Edward Johnson III's stake.
FMR had revenue of $32.7 billion and $10.3 billion in earnings before interest and taxes for the twelve months ended Dec. 31, 2024, according to a presentation on its 2024 results, and its discretionary managed assets stood at $6.8 trillion as of Sep. 30, 2025, according to the company's website. Its valuation is based on the average enterprise value-to-Ebit and market capitalization-to-assets under management multiples of publicly traded peers.
The Johnsons hold family investments in Impresa Management, according to a March 2025 Form ADV filing. It has about $9.7 billion in assets owned by insiders. This analysis credits three family members as equal owners of 80% of insider assets.
The Johnson family also owns 40% of fund company Fidelity International. Abigail Johnson is credited with 10.9% of Fidelity International based on past regulatory disclosures. It had $1.06 trillion in fund assets as of Sep. 30, 2025 according to its website. This business is valued using the average assets under management-to-market capitalization multiple of publicly traded peers.
The Johnson family is credited with 46% of telecommunications company Colt Group S.A. The firm had revenues of €2.2 billion in 2024 according to filings. It's valued based on the average multiples of publicly traded peers. Johnson is credited with a 8% share of the firm.
Other assets include oil company Discovery Natural Resources and venture capital firm Eight Roads.
A spokesman for Fidelity, Michael Aalto, declined to comment on the calculation in May 2024.
Elizabeth Livingston Johnson is founder and president of Louisburg Farm, an equestrian facility in Wellington, Florida, and minority owner of Fidelity Investments and related entities.
The younger daughter of Lillie and Edward C. "Ned" Johnson III, Elizabeth earned her undergraduate degree at Franklin Pierce College and sits on the resource council of the Society of Arts and Crafts, a Boston organization dedicated to the American craft movement.
Her sister, Abigail Johnson, is CEO, president and the largest shareholder of Fidelity Investments. Her father, Edward C. Johnson III, and grandfather, ran Fidelity since 1946. Her brother, Edward C. Johnson IV, runs the family's Pembroke Real Estate arm.