Bloomberg Billionaires Index

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# 431 Charles Johnson $4.78B

Random fact: Franklin trades on the New York Stock Exchange under ticker BEN.

Overview

Johnson is a former chairman of Franklin Resources, a publicly traded U.S. money management business that operates the Franklin and Templeton mutual funds. The San Mateo, California-based company had revenue of $5.8 billion in the year to Sept. 30, 2019. He's also principal owner of MLB's San Francisco Giants.

As of :
Last change +$48.3M ( +1.0%)
YTD change +$289M ( +6.4%)
Industry Finance
Biggest asset BEN US Equity
Citizenship United States
Age 86
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Charles Johnson's net worth of $4.78B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

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of the GDP of the United States
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of the total wealth of the 500 richest people in the world
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of the top 100 U.S. college endowments
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of the top 200 U.S. executives’ total awarded compensation
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of U.S. existing home sales
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times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

Johnson and his brother Rupert are the biggest shareholders of Franklin Resources. He owns about 19 percent of the company, according to the 2019 proxy statement. More than 4 million shares held in charitable foundations and 6 million shares pledged as collateral have been deducted from the net wealth calculation.

Johnson began buying stakes in the San Francisco Giants professional baseball team in 1992. Today, he's the principal owner and is credited with a 25 percent ownership stake. Based on an analysis of team revenue, recent transactions and media rights deals, that stake is valued at about $700 million.

He's collected almost $1.5 billion from dividends and share sales, according to company filings and an analysis of Bloomberg data dating back to Franklin Resource's public offering in 1971 through December 2018. The value of his cash investments is based on these proceeds, as well as asset purchases, charitable giving, taxes and market performance.

Matt Walsh, a spokesman for Franklin Resources, didn't respond to requests for comment on the billionaire's net worth calculation.

Biography

Birthdate: 1/6/1933
Family: Married, 7 children
Education: University of California San Francisco Foundation, President & Fellows of Harvard College

Charles Johnson was born the son of a stockbroker who founded the mutual fund company Franklin Distributors in 1947. Growing up in Montclair, New Jersey, he attended baseball games at the old Polo Grounds in New York, where his father had box seats. According to an interview he gave in 2012 to the San Francisco Chronicle, he witnessed Willie Mays' historic over-the-shoulder catch during the 1954 World Series.

He played football at Yale University, where he waited tables at the school dining hall. After graduation, he served in the Army in a guided-missile battalion in Germany.

He joined his father's company as chief executive officer in 1957. Within three decades, he had transformed Franklin Resources into a global financial services powerhouse with more than $40 billion of assets under management. In 1992, he struck his signature deal, buying Templeton, Galbraith and Hansberger from Sir John Templeton. Four years later, he bought Heine Securities from fund manager Michael Price. Today, the company is run by his son, Gregory. A daughter, Jennifer Bolt, became chief operating officer.

Johnson and his wife, Ann, spend summers in Nantucket, and give to The Lucile Packard Children's Hospital at Stanford University, the Santa Catalina School in Monterey, California, and Yale, among other causes.

Milestones
  • 1947 Father, Rupert H. Johnson Sr., founds Franklin Resources.
  • 1954 Graduates from Yale University.
  • 1957 Becomes chief executive officer of Franklin Resources.
  • 1965 Younger brother, Rupert, joins the company.
  • 1971 Franklin sells shares in an initial public offering.
  • 1982 Assets under management top $2 billion.
  • 1992 Buys a minority position in pro baseball's San Francisco Giants.
  • 2005 Son Gregory becomes Franklin's chief executive officer.