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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. [1]
Fidelity was founded by her grandfather Edward C. Johnson II. Her father, Edward C. "Ned" Johnson III , remained chair emeritus of FMR until his death in March 2022. As of March 2013, the Johnson family owned a 49% stake in the privately-held company, with Johnson herself holding an estimated 24.5%.
The Freedom Fund is an international non-profit organisation dedicated to identifying and investing in the most effective frontline efforts to end slavery. [ 1 ] [ 2 ] In 2017, the International Labour Organization reported that on any given day in 2016, there were 40 million people living in modern slavery worldwide across a wide range of ...
Fidelity Investments, formerly known as Fidelity Management & Research (FMR), is an American multinational financial services corporation based in Boston, Massachusetts.. Established in 1946, the company is one of the largest asset managers in the world, with $5.8 trillion in assets under management, and $15.0 trillion in assets under administration, as of September 2024, [4] Fidelity ...
In 2021, Richards led development of a range of flexible working options at Fidelity International, following the COVID-19 lockdown. [ 5 ] In November 2023, Richards announced her intention to step down from full-time executive life, and transitions to the role of Vice Chair of Fidelity International.
Today, Fidelity International handles investments for clients in Europe, Canada, EMEA and Asia, while the US-based Fidelity Management and Research handles investments for clients in the USA. In the same year that it was established, an office was opened in Tokyo, [ 4 ] followed by London in 1973, [ 5 ] Hong Kong in 1981 [ 6 ] and Taipei in 1986.
In August 2013, Fidelity & Guaranty Life filed Form S-1 with the U.S. Securities and Exchange Commission expressing its intention to complete an initial public equity offering. [ 17 ] In November 2015, Fidelity announced an agreement to sell the company to the Chinese insurance firm Anbang Insurance for a fee of around $1.57 billion. [ 18 ]
Peter Lynch (born January 19, 1944) [1] is an American investor, mutual fund manager, author and philanthropist.As the manager of the Magellan Fund [2] at Fidelity Investments between 1977 and 1990, Lynch averaged a 29.2% annual return, [3] consistently more than double the S&P 500 stock market index and making it the best-performing mutual fund in the world.