In this success post, we are going to share the story of Abigail Johnson, an American entrepreneur who has been serving as the CEO and President of Fidelity Investments since 2014.
She is also the Chairman of Fidelity International, the international sister company of Fidelity Investments. Her grandmother, Edward C. Johnson II, founded Fidelity, and the Johnson family holds a 50% stake in the company as of now.
With a net worth of around $12.3 billion, she is one of the richest women across the globe. Forbes ranked her among the most powerful women across the globe.
Abigail Johnson Childhood
Abigail is the daughter of Elizabeth Hodges Johnson and Edward C. Johnson II, the CEO and Chairman of Fidelity Investments. She shuns publicity and remains discreet like her father. At the time of her visits to her father during childhood, she felt drawn towards the energy and buzz of the trading rooms. Moreover, she did not want to spend her whole career at the family business, and thus joined Fidelity as an apprentice.
Abigail Johnson Early career
After graduation from Harvard Business School, Abigail started an apprenticeship at Fidelity as an analyst. In the year 1997, she became the Senior Associate Director and Vice President of the company equity division. In the year 2001, she became the President of Fidelity, after which she pushed the company in new directions.
Abigail Johnson Career highlights
At the time of her first year as the company President, Abigail urged her managers to take risks and revitalize mutual funds. By adding more investment options, she regained her lost customers quite easily. Under her leadership, the company became more customer-oriented and profited from the wrong steps of the competitors. More than $200 billion were added to the company’s mutual funds under her leadership.
Abigail Johnson Personal life
Abigail is married to Christopher J. McKown since the year 1988. He runs Iora Health, a healthcare information company. The couple lives in the Greater Boston town of Milton, along with their two daughters. The first daughter is in college, and the second one is in high school.
Abigail Johnson is an inspiring woman who has led the industry with her thoughts and bold decisions. Owing to her innovative ideas and mentoring capabilities, she is ranked among some of the most influential and powerful women on earth.