Top 30 richest Americans
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Forbes.com, September 22, 2011
Abigail Johnson
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Already one of the highest placed executives at Fidelity Investments, Johnson may soon be even more influential. The Boston-based mutual fund giant was founded by her grandfather in 1946 and is helmed by her father "Ned," now 81. Succession rumors churned stronger this year when Ned stepped down as chairman of the internal Fidelity board that oversees the firm's equity mutual funds. Fidelity has said there is a plan in place, but will not comment beyond that. Earlier this year, Johnson, who leads the workplace savings and retail brokerage operations, ruffled the feathers of Massachusetts Governor Deval Patrick, announcing that more than 1,000 jobs would be moved out of the state. In a recent report Fidelity said its workforce of 37,000 is unchanged from 2010 but below its 2007 peak of 46,000. Profits were up 17% and revenues up 7% in 2010 from the year before. Johnson started at Fidelity in 1988 as an analyst. Her family owns a 49% stake of the company.
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