Abigail Johnson: is there a family office?

Johnson has served as the CEO and president of Fidelity Investments since 2014 which was founded by her grandfather Edward Johnson II in 1946 who founded FMR LLC which is controlled by the Johnsons. Abigail is one of the world’s wealthiest women and was ranked 6^th in Forbes’ “Powerful Women” list in 2021. As of October 2024, Abigail has a net worth of $31bn according to Forbes which would rank her as the 58th richest person in the world. In this article, we will investigate if there is an Abigail Johnson Family Office throug which she manages her wealth.

Johnson family manages wealth through Fidelity Investments

The Johnson family has a 49% stake in the privately owned company and Abigail has an independent 24.5% stake. Fidelity employs 74,000 people around the world. Their shared  shared goal is making investing inclusive and affordable for all demographics. Abigail launched the Fidelity Boundless programme in 2015 to make investing more inclusive for women. In 2018, she played a key role in launching a platform to provide access to crypto investments such as Bitcoin and Ether. Through F-Prime Capital, the private venture capital arm of the Johnson family, including siblings Elizabeth and Edward, they have invested in numerous companies. The family has stakes in Impresa Management, Colt Group, Discovery Natural Resources and venture capital firm Eight Roads. Colt Group is one of the family’s largest investments, with a 46 per cent stake in the company. The Colt Group which had revenues of €1.6 billion in 2021. F-Prime is also Ultragenyx’s largest investment fund investor with over 4.6 million shares. The Johnson family’s wealth increased by $6.2bn in 2021, due to their success in retail investing and the rise of retail investors through the 2021 ‘meme stock’ boom.

Picture source: Adam Nowakowski