Skip to content
Business
New Economy

Fidelity Family’s Vast Wealth Is Matched by Passion for Privacy

The Johnson clan keeps a low profile while diversifying into real estate, pharma, fiber optics and Texas shale.

From
Abigail Johnson and her father Edward (Ned) C. Johnson III applaud as President George W. Bush speaks to company employees about the economy in 2004.

Abigail Johnson and her father Edward (Ned) C. Johnson III applaud as President George W. Bush speaks to company employees about the economy in 2004.

Photographer: Brooks Kraft/Corbis via Getty Images

The wealthiest family in Yankee New England is exactly what you’d expect.

The Johnsons, led by polymathic patriarch Edward “Ned” Crosby III, built a $46.3 billion fortune with Fidelity Investments, whose products shape the finances of about 32 million people worldwide. His daughter, Abigail “Abby” Pierrepont Johnson, now chief executive officer of the family business, is among the most influential people in money management.