Bloomberg Billionaires Index

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# 213 Elizabeth Johnson $9.66B

Random fact: Graduated from Franklin Pierce University in New Hampshire.


Johnson is the youngest daughter of Edward "Ned" Johnson III, the former chairman of Fidelity Investments, a mutual fund company. The Boston-based business has about $4.5 trillion in discretionary managed assets. She's also the founder of Florida horse stable Louisburg Farm. Her sister Abigail is Fidelity's CEO.

As of :
Last change +$59.3M ( +0.6%)
YTD change +$450M ( +4.9%)
Biggest asset FMR
Country / Region United States
Age 59
Industry Finance
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Elizabeth Johnson's net worth of $9.66B can buy ...

troy ounces of gold
barrels of crude oil

... and is equivalent to ...

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

Latest News

Net Worth Summary

Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Johnson's fortune is derived from her 5.6% stake in FMR, the parent company of Fidelity Investments. The holding is based on a Dec. 31, 2000 disclosure to Utah regulators and a distribution of her father Edward Johnson III's stake.

FMR had revenue of $24 billion and $8.1 billion in earnings before interest and taxes for the twelve months ended Dec. 31, 2021, and its discretionary managed assets stood at $4.5 trillion, according to a presentation on its 2021 results. Its valuation is based on the average enterprise value-to-Ebit and market capitalization-to-assets under management multiples of publicly traded peers.

The Johnson family also owns 40% of fund company Fidelity International. Johnson is credited with 10.9% of Fidelity International based on past regulatory disclosures. It had $665 billion in fund assets as of June 30, 2022 according to its website. This business is valued using the average assets under management-to-market capitalization multiple of publicly traded peers.

The Johnsons hold family investments in Impresa Management, according to a March 2022 Form ADV filing. It has about $10 billion in assets owned by insiders. This analysis credits three family members as equal owners of 80% of insider assets.

The Johnson family is credited with 46% of telecommunications company Colt Group S.A. The firm had revenues of €1.6 billion in 2021, according to filings. It's valued based on the enterprise value-to-sales and enterprise value-to-EBITDA multiples of publicly traded peers. Johnson is credited with a 8% share of the firm.

Other assets include oil company Discovery Natural Resources and venture capital firm Eight Roads.

On Sep. 27, 2022, Johnson's valuation was adjusted for the distribution of Edward Johnson III's estate to his children, leading to a $2 billion increase in her net worth.

A spokesman for Fidelity, Susan Coburn, did not respond to a request for comment on the calculations on the family's behalf.


Family: Married, No children

Elizabeth Livingston Johnson is founder and president of Louisburg Farm, an equestrian facility in Wellington, Florida, and minority owner of Fidelity Investments and related entities.

The younger daughter of Lillie and Edward C. "Ned" Johnson III, Elizabeth earned her undergraduate degree at Franklin Pierce College and sits on the resource council of the Society of Arts and Crafts, a Boston organization dedicated to the American craft movement.

Her sister, Abigail Johnson, is CEO, president and the largest shareholder of Fidelity Investments. Her father, Edward C. Johnson III, and grandfather, ran Fidelity since 1946. Her brother, Edward C. Johnson IV, runs the family's Pembroke Real Estate arm.

  • 1946 Edward C. Johnson II forms Fidelity Management and Research.
  • 1957 Father Edward C. Johnson III joins Fidelity as an analyst.
  • 1982 Fidelity Worldwide spun off as FIL Limited in Bermuda.
  • 1987 Fidelity assets under management reach $75 billion.
  • 1995 Fidelity assets under management reach $409.5 billion.
  • 1997 Marries Robert C. Ketterson, Jr. in Milton, Massachusetts.
  • 2004 Registers Louisburg Farm as a company in Florida.
  • 2012 Fidelity Investments mutual fund assets reach $1.7 trillion.
  • 2014 Sister Abigail named CEO of Fidelity Investments.