Abigail Johnson

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Who is Abigail Johnson?

Abigail Johnson is a name that resonates deeply within the financial industry. She is the Chairman and CEO of Fidelity Investments, one of the largest financial services companies in the world, with over $4 trillion in assets under management.

But Abigail is more than just a CEO; she is a trailblazer and a leader in a field that has historically been dominated by men. Her story is one of perseverance, hard work, and a commitment to excellence, and it serves as an inspiration to women everywhere.

In this biography, we will take a closer look at Abigail Johnson’s life and career, exploring her early years, her rise to leadership, and her contributions to Fidelity and the financial industry as a whole. We will also examine her personal life and the impact she has had on the world beyond her work in finance.

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Abigail Johnson Personal Info

Abigail Johnson’s Early Life

Abigail Pierrepont Johnson was born on December 19, 1961, in Boston, Massachusetts. She is the daughter of Edward C. Johnson III. The Johnson family has a long history in the financial industry, with Fidelity Investments being founded by Abigail’s grandfather in 1946.

Growing up, Abigail was surrounded by finance and business, with her father often taking her to visit Fidelity’s offices and introducing her to the world of investing.

Abigail’s family background and childhood had a significant impact on her career path and prepared her for the challenges she would face as a leader in the financial industry. Her exposure to finance and business at a young age, coupled with the values instilled in her by her parents, helped to shape her into the successful and influential leader she is today.

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Abigail Johnson’s Education

Abigail Johnson attended Buckingham Browne & Nichols, a prestigious private school in Cambridge, Massachusetts. She went on to attend Hobart and William Smith Colleges, where she earned a Bachelor of Arts degree in art history in 1984.

During her time at Hobart and William Smith, Abigail was a member of the Kappa Alpha Theta sorority and also studied abroad in Paris, where she developed a passion for art and culture.

After completing her undergraduate studies, Abigail continued her education at Harvard Business School, where she earned a Master of Business Administration degree in 1988. At Harvard, Abigail was a Baker Scholar, a prestigious honor given to the top five percent of the graduating class. She also served as the editor of the Harvard Business Review, demonstrating her strong leadership skills and her ability to excel in an academic setting.

In addition to her formal education, Abigail has also pursued continuing education throughout her career, attending programs at the Aspen Institute and the Yale CEO Summit, among others. She is a lifelong learner, constantly seeking new knowledge and insights to inform her work as a leader in the financial industry.

Abigail Johnson is a highly educated individual. Her education has played a crucial role in her success, providing her with the knowledge and skills needed to excel and rise to the top of one of the world’s largest financial services companies, Fidelity Investments.

Abigail Johnson’s Career

After completing her education, Abigail Johnson spent a year teaching English in Japan before returning to the United States to begin her career in finance.

Abigail’s early career in finance began at Fidelity, where she worked as an analyst and portfolio manager. Her early work at Fidelity gave her a solid foundation in the financial industry and prepared her for the leadership roles she would later assume.

Abigail Johnson quickly made a name for herself as a talented investor and was promoted to head of the company’s mutual fund division in 1997.

Abigail’s rise through the ranks at Fidelity continued throughout the 2000s. In 2001, she was named president of Fidelity Management & Research Company, the investment management arm of Fidelity. She also served as a member of Fidelity’s board of directors and the board of trustees for Fidelity’s mutual funds.

In 2012, Abigail was named president of Fidelity Financial Services, a subsidiary of Fidelity Investments that provides financial products and services to institutional clients. In this role, she oversaw the company’s institutional businesses, including Fidelity’s asset management, retirement, and institutional brokerage businesses.

Abigail was appointed CEO of Fidelity Investments in 2014, succeeding her father, Edward C. Johnson III, who had held the position for more than three decades. As CEO, Abigail has been responsible for leading one of the largest financial services companies in the world, with over $4 trillion in assets under management and more than 50,000 employees.

Under Abigail’s leadership, Fidelity has continued to grow and innovate, launching new products and services to meet the changing needs of investors. In 2018, Fidelity launched Fidelity Digital Assets, a subsidiary focused on providing custody and trading services for cryptocurrencies like Bitcoin and Ethereum.

Abigail Johnson’s career in the financial industry has spanned over three decades, during which she has helped to shape the direction of one of the world’s largest financial services companies and become a respected leader and trailblazer for women in finance.

Abigail Johnson’s Net Worth

According to Forbes, Abigail Johnson has a real-time net worth
of $21.6 billion as of April 30, 2023. This makes her one of the richest women in the world and one of the wealthiest individuals in the United States.

The majority of Abigail’s wealth comes from her ownership stake in Fidelity Investments, the financial services company founded by her grandfather in 1946.

In addition to her ownership stake in Fidelity, Abigail has also earned significant income from her career in the financial industry. She has served as CEO of Fidelity Investments since 2014, and her compensation has consistently ranked among the highest of any CEO in the United States.

Abigail’s net worth has continued to grow in recent years, despite challenges posed by the COVID-19 pandemic and global economic uncertainty.

Abigail Johnson’s net worth is a reflection of her success in the financial industry and her ownership stake in one of the largest financial services companies in the world.

Abigail Johnson’s Personal Life

Abigail Johnson is widely regarded as an intelligent, focused, and hardworking individual with a deep understanding of the financial industry and a talent for investing. She is also known for her commitment to diversity and inclusion in the workplace. She has worked to increase the number of women and minorities in leadership positions at Fidelity Investments.

While her professional life has been the focus of much attention, Abigail is also known to have a range of personal interests and hobbies. She is an avid equestrian and has competed in numerous horse shows over the years. She is a fan of classical music and has been known to attend concerts and performances.

Abigail Johnson is described as a reserved and private person who tends to avoid the spotlight. She is known for her hands-on management style, regularly meeting with employees and taking a personal interest in their development and success.

While Abigail’s personal life is relatively private, she is known to be a talented and focused individual with a deep commitment to her work and the people around her.

Abigail Johnson’s Parents

Abigail Johnson was born to Edward C. Johnson III and Elizabeth “Libby” Johnson. Her parents played a significant role in shaping her life and career.

Edward Johnson III, Abigail’s father, was the former chairman and CEO of Fidelity Investments, the financial services company founded by his father, Edward C. Johnson II, in 1946. Edward III took over the company in 1977, and under his leadership, Fidelity grew into one of the largest and most successful financial services firms in the world. He was known for his conservative investment approach and his commitment to putting the needs of Fidelity’s clients first.

Growing up, Abigail spent a lot of time around the Fidelity offices. Her father instilled in her a deep appreciation for the financial industry and the importance of responsible investing. She often accompanied her father on business trips and attended meetings with Fidelity executives, gaining valuable insights into the inner workings of the company.

Elizabeth “Libby” Johnson, Abigail’s mother, was a prominent philanthropist and advocate for education. She served on the board of trustees for numerous educational institutions, including Radcliffe College and Harvard University. She was also a vocal supporter of the arts and served on the board of the Boston Symphony Orchestra.

Libby instilled in Abigail a deep commitment to philanthropy and giving back to the community. She encouraged her daughter to get involved in charitable causes from a young age and taught her the value of using her wealth and influence to make a positive impact on the world.

Abigail Johnson’s parents played a significant role in shaping her life and career. Her father gave her a deep appreciation for the financial industry, while her mother’s philanthropic efforts taught her the importance of giving back to the community.

Abigail Johnson’s Siblings

Abigail Johnson has two siblings, Edward C. Johnson IV and Elizabeth “Liddy” Johnson.

1. Edward C. Johnson IV, also known as Ned, is Abigail’s older brother. Like his father and grandfather before him, Ned has played a significant role in shaping the direction of the company. He began his career at Fidelity in 1984, working his way up through various roles. Under his leadership, Fidelity has continued to be a major player in the financial industry, offering a wide range of investment products and services to clients around the world.
2. Elizabeth “Liddy” Johnson is Abigail’s younger sister and has also had a successful career in the financial industry. She began her career at Fidelity in 1988, working in a variety of roles before being named president of Fidelity’s retail and institutional brokerage businesses in 2012. Liddy is known for her expertise in the areas of retail brokerage and wealth management, and she has been instrumental in growing Fidelity’s presence in these areas.

Abigail and her siblings are known to work closely together at Fidelity, often collaborating on important initiatives and decisions. Their close relationship and shared commitment have helped to solidify the Johnson family’s reputation as one of the most influential and respected families in the world of finance.

Abigail Johnson’s Husband (Partner)

Abigail Johnson married Christopher J. McKown, a retired asset management executive, in 1988.

Christopher McKown was a co-founder of the investment firm Water Street Capital, which he sold to American Century Investments in 2010. Before that, he worked at Fidelity Investments for over a decade, where he met Abigail. Despite both working in the financial industry, the couple has largely kept their personal lives out of the public eye.

Abigail and Christopher are known for their commitment to philanthropy and have donated millions of dollars to a variety of causes over the years. They have been particularly active in supporting educational institutions, including Abigail’s alma mater, Hobart and William Smith Colleges, where she serves as a trustee.

Despite Abigail Johnson and Christopher McKown having successful careers in the financial industry, they have maintained a strong bond and continue to support each other in their respective endeavors.

Abigail Johnson’s Children

Abigail Johnson has two children, a son, and a daughter.

1. Her son, Christopher McKown Jr., is a graduate of Dartmouth College and currently works as a vice president at Fidelity Investments. He began his career at the company in 2011 and has held a variety of roles, including as a portfolio analyst and a director of corporate strategy. Christopher Jr. is said to be interested in emerging technologies and their potential impact on the financial industry.
2. Abigail’s daughter, Julia McKown, is a graduate of the University of Notre Dame and currently works as an associate at the investment firm General Atlantic. She has previously worked at Goldman Sachs and is said to be interested in private equity and venture capital.

Despite their parents’ prominent roles in the financial industry, both Christopher Jr. and Julia have largely been kept out of the public eye.

Overall, Abigail Johnson’s children have followed in her footsteps by pursuing careers in the financial industry and are seen as rising stars in their respective fields.

Abigail Johnson’s Challenges and Obstacles

As a highly successful businesswoman, Abigail Johnson has faced many challenges and obstacles throughout her career.

• When Abigail Johnson started her career in the financial industry in the 1980s, it was largely dominated by men. Despite this, she worked hard and proved her worth, rising through the ranks to become one of the most powerful women in finance.
• When Abigail Johnson succeeded her father as CEO of Fidelity Investments in 2014, she faced the daunting task of leading one of the largest and most well-known financial services companies in the world. She also had to navigate the complexities of family succession and ensure a smooth transition of power.
• As technology has disrupted the financial industry in recent years, Abigail Johnson has had to adapt to new challenges and opportunities. She has invested heavily in technology and innovation, seeking to position Fidelity as a leader in the digital age.

Abigail Johnson has worked hard to overcome obstacles and achieve her goals. She is seen as a role model and trailblazer for women in finance, and her leadership at Fidelity has helped to shape the future of the financial industry.

Abigail Johnson’s Accomplishments

Abigail Johnson is a highly accomplished businesswoman who has achieved numerous milestones throughout her career.

1. In 2014, Abigail Johnson was named CEO of Fidelity Investments, one of the largest financial services companies in the world. She succeeded her father, Edward Johnson III, and became the first woman to lead the company.
2. Under Abigail Johnson’s leadership, Fidelity has continued to grow its assets under management, which currently exceed $4 trillion. This has made Fidelity one of the largest asset management firms in the world.
3. Abigail Johnson has been a vocal advocate for diversity and inclusion in the workplace. She has worked to promote greater representation of women and minorities in leadership positions across the financial industry.
4. Abigail Johnson and her family are well-known for their philanthropic giving. She has donated millions of dollars to charitable causes focused on education, healthcare, and the arts. She serves as a trustee of both the Museum of Fine Arts, Boston, and the National Football Foundation and College Hall of Fame.

Abigail Johnson’s accomplishments are a testament to her leadership, vision, and commitment to excellence. She has helped to shape the financial industry and has become a role model for women in business around the world.

Abigail Johnson Recognition and Awards

Abigail Johnson has received numerous awards and recognitions for her leadership and contributions to the business community, arts, and philanthropy.

We will delve into some of the most notable awards and recognitions that Abigail Johnson has received, highlighting her remarkable achievements and impact on society.

• Abigail Johnson was named to Forbes’ list of America’s most powerful women in 2020, ranking #12.
• Abigail Johnson was ranked #14 on Barron’s list of top CEOs in 2020.
• Abigail Johnson was ranked #1 on Boston Business Journal’s Power 50 list in 2019.
• Abigail Johnson was recognized with the Greater Boston Chamber of Commerce’s Pinnacle Award in 2019 for her leadership in the business community.
• Abigail Johnson was honored with the Lincoln Center Corporate Fund’s Women’s Leadership Award in 2019.
• Abigail Johnson received the National Football Foundation Leadership Award in 2019 for her contributions to college football and her philanthropic work.
• Abigail Johnson was recognized as one of the world’s most influential people by Time Magazine in 2018.
• Abigail Johnson was named to the Financial Times’ list of the 50 most influential women in business in 2018.
• Abigail Johnson was awarded the Carnegie Hall Medal of Excellence in 2017 for her contributions to the arts.
• Abigail Johnson received the Harvard Business School Alumni Achievement Award in 2016.

Abigail Johnson’s story is one of resilience, determination, and success. Her leadership has been recognized with numerous awards and recognitions, and her philanthropic work has made a positive impact on countless individuals and communities.

Beyond her impressive career and achievements, Abigail Johnson will continue to accomplish great things. Her legacy serves as an inspiration to all of us.

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