Bloomberg Billionaires Index

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#268 Rupert Johnson $5.96B

Random fact: Franklin is named after U.S. founding father Benjamin Franklin.

Overview

Johnson is a director and vice chairman of Franklin Resources, a publicly traded U.S. money management business that operates the Franklin and Templeton mutual funds. The San Mateo, California-based company had revenue of $6.6 billion in the year to Sept. 30, 2016. His brother, Charles, is also a shareholder.

As of July 21, 2017:
Last change +$25.3M (+0.4%)
YTD change +$836M (+16.3%)
Industry Finance
Biggest asset BEN US Equity
Citizenship United States
Age 76
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Rupert Johnson's net worth of $5.96B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

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of the GDP of the United States
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of the total wealth of the 500 richest people in the world
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of the top 100 U.S. college endowments
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of the top 200 U.S. executives’ total awarded compensation
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of U.S. existing home sales
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times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

Johnson and his brother Charles are the biggest shareholders of Franklin Resources. He owns about 19 percent of the company, according to the company's proxy showing ownership as of Feb. 15, 2017. More than 1.2 million shares held in a charitable foundation are not included.

The value of his cash investments is based on dividend inflows dating back to the Franklin Resource's public offering in 1971, and an analysis of taxes, market appreciation, lifestyle expenses, share purchases and charitable giving.

A spokeswoman for Franklin Templeton declined to comment on his net worth in October 2016.

Biography

Birthdate: 8/10/1940
Family: Unmarried, No children
Education: 1962, History, Washington & Lee University/The, Bachelor's Degree

Rupert Johnson was born to a stockbroker who founded the mutual fund company Franklin Distributors in 1947. He attended Washington and Lee University, where he graduated in 1962. He joined his father's company in 1965, which was then being run by his older brother, Charles. By the end of the 1980s, Franklin Resources had turned into a global financial services powerhouse with more than $40 billion of assets under management.

The company bought Templeton, Galbraith and Hansberger from Sir John Templeton in 1992. Four years later, it purchased Heine Securities from fund manager Michael Price. Today, the company has more than $800 billion under management and is run by his nephew, Gregory. His niece, Jennifer Bolt, serves as chief operating officer.

Johnson donated $100 million in 2007 to his alma mater Washington and Lee, the school's largest gift.

Milestones
  • 1940 Rupert Harris Johnson Jr. is born to a stockbroker father.
  • 1947 Father founds Franklin Resources in New York.
  • 1962 Graduates from Washington and Lee University.
  • 1971 Franklin sells shares in an initial public offering.
  • 1982 Assets under management top $2 billion.
  • 1986 Stock begins trading on the New York Stock Exchange.
  • 1989 Assets under management exceed $40 billion.
  • 1996 Acquires Heine Securities from fund manager Michael Price.