Edward Johnson (entrepreneur)

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Edward Crosby "Ned" Johnson III (* 29. June 1930 ) is an American investor and businessman, who along with his daughter Abigail Johnson , the company Fidelity Investments operates. In 2009, with an estimated net worth of $ 8 billion, Forbes Magazine ranked him 30th richest person in America .

Life

Johnson graduated from Harvard College from Harvard University in 1954 with a bachelor's degree. After serving in the US Army, he became a research analyst with Fidelity Investments in 1957 - a company founded by his father Edward C. Johnson II in 1949. He became Portfolio Manager for the Fidelity Trend Fund in 1960 and administered the famous Fidelity Magellan Fund from 1963 to 1977. In 1972 he became President of the Company and in 1977 Chairman / CEO. Johnson is a fellow of the American Academy of Arts and Sciences, a trustee of Beth Israel Hospital and the Boston Museum of Fine Arts, and a member of the Boston Society of Security Analysts.

He holds honorary doctorates from Boston University , Bentley College, and Hobart and William Smith Colleges .

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