Fidelity Billionaire Owners' Fortunes Boosted by Soaring Stocks
- CEO Abigail Johnson’s net worth climbs to $11.2 billion
- Collectively, the family owns 49% of the Boston fund giant
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The rising stock market has lifted the fortunes of Fidelity Investments and the billionaire Johnson family that controls it.
Closely held Fidelity on Tuesday reported that its operating income jumped 54 percent to $5.3 billion in 2017, while its assets under management rose 15 percent to $2.45 trillion.