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American billionaire businessman
- Edward Crosby "Ned" Johnson III (June 29, 1930 – March 23, 2022) was an American billionaire businessman who, along with daughter Abigail Johnson, owned and ran Fidelity Investments and Fidelity International until his death in March 2022.
en.wikipedia.org/wiki/Edward_Johnson_III
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Edward Crosby "Ned" Johnson III (June 29, 1930 – March 23, 2022) was an American billionaire businessman who, along with daughter Abigail Johnson, owned and ran Fidelity Investments and Fidelity International until his death in March 2022. In April 2021, his net worth was estimated at US$8.2 billion.
Mar 24, 2022 · Edward “Ned” Johnson III, who oversaw Fidelity Investments’ transformation into a financial services powerhouse and pioneered the sale of mutual funds directly to individual investors, died...
- Ned Johnson, Innovator
- Fidelity Remembers Ned Johnson
- Ned Johnson, Devotee of Kaizen
- Fidelity Made The Johnsons Multi-Billionaires
- Relatively Frugal Lifestyle
- Philanthopy
- Shunning The Limelight
Born in Boston in 1930, Ned Johnson joined Fidelity as a junior stock analyst in 1957. He rose to president in 1972, and he succeeded his father as chairman and CEO in 1977. His daughter Abigail succeeded him as CEO in 2014 and as chairman in 2016, at which time Ned received the title of chairman emeritus. After Ned moved into senior management at ...
In the day after his death, Fidelity posted a lengthy remembrance of Ned Johnson on its website. highlights follow. "From direct marketing of money market funds to the trailblazing use of the Internet to innovations in retirement accounts and charitable giving, he democratized investing by refashioning the industry into a more dynamic, more egalita...
Ned Johnson was a devotee of the Japanese concept of kaizen, particularly its emphasis on constant incremental improvement, making it a "mantra" at the company. He had found a book about it in the gift shop of a Tokyo hotel, hired the author to lecture Fidelity executives, made a video about it for new employees, and wrote the foreword to another b...
Fidelity remains a private company controlled by the Johnson family. In 2021, Forbes magazine ranked Abigail Johnson and Ned Johnson as the 27th and 60th richest people in the United States, with estimated net worthsof $25.2 billion and $11.5 billion, respectively. As of Dec. 31, 2021, Fidelity reported that it: 1. Served about 40 million individua...
While Ned Johnson built an art collection valued in the "scores of millions," he otherwise led a relatively modest lifestyle for someone of his vast wealth. His frugality was evidenced in part by his refusal to build an impressive headquarters. Instead, he was content with housing his firm in an unadorned nine-story structure marked "Fidelity Build...
The Johnson family has Boston roots dating to 1635 and made its initial fortune with the C.F. Hovey & Company department store. They have been among New England's leading philanthropists, often anonymously, particularly in the visual arts. In 1965, Ned and his father founded the Fidelity Foundation to work with nonprofits to strengthen their manage...
Ned Johnson also shunned the limelight. Financial writer Joe Nocera observed: "Ned Johnson is an old-style proper Boston Yankee who thinks you're boasting and acting unseemly if you get your name in the paper. When his advisers once told him that Fidelity would have to talk to the press, his response was 'Fine, as long as it's not me.'"
- Mark Kolakowski
Oct 4, 2021 · Edward "Ned" Johnson III, who led mutual fund giant Fidelity as CEO for 37 years until 2014, died at age 91 in March 2022. His father founded Fidelity in 1946, and his daughter Abigail...
Mar 24, 2022 · Edward C. Johnson III, a publicity-shy Bostonian who transformed a small company created to manage the department-store wealth of his Mayflower-pedigreed ancestors into one of the world’s biggest...
Mar 24, 2022 · Fidelity Investments announced on March 24 that former chairman and CEO Edward “Ned’ Johnson III died. He was 91 years old. Over nearly four decades as CEO of mutual fund giant Fidelity ...
Mar 24, 2022 · BOSTON, March 24 (Reuters) - Edward C. "Ned" Johnson 3d, an American billionaire investor and philanthropist who as chairman of Fidelity Investments propelled the family business to a...
