Bloomberg Billionaires Index

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# 448 Charles Johnson $5.57B

Random fact: Won a tentative court ruling in 2015 over a share dispute from 1973.

Overview

Johnson is a former chairman of Franklin Resources, a publicly traded US money management business that operates the Franklin and Templeton mutual funds. The San Mateo, California-based company had revenue of $8.4 billion in the year to Sept. 30, 2021. He's also principal owner of MLB's San Francisco Giants.

As of :
Last change +$58.1M ( +1.1%)
YTD change -$469M ( -7.8%)
Biggest asset BEN US Equity
Country / Region United States
Age 89
Industry Finance
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Charles Johnson's net worth of $5.57B can buy ...

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troy ounces of gold
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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
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Misc. liabilities
Confidence rating:

Johnson and his brother Rupert are the biggest shareholders of Franklin Resources. He owns about 20% of the company, according to the 2022 proxy statement. Shares held in charitable foundations 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% ownership stake. The Giants are valued at $3.5 billion, according to a March 2021 report by valuation consultants Sportico.

He's collected about $1.9 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. The value of his cash investments is based on these proceeds, as well as asset purchases, charitable giving, taxes and market performance.

Stacey Coleman, a spokesman for Franklin Resources, said Johnson declined to comment on the net worth calculation.

Biography

Birthdate: 1/6/1933
Family: Married, 7 children
Education: President & Fellows of Harvard College, University of California San Francisco Foundation, Yale 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. His daughter, Jennifer M. Johnson, took over the role of chief executive officer from her brother Gregory E. Johnson in February 2020. Gregory became executive chairman and chairman of the board.

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.