Frederick William McNabb III The Vanguard Group, Inc. Chief Executive Officer, President, Chairman of the Board of Directors

Two giant mutual fund shops are the most important privately-held companies around, other than a certain famous ride-sharing company.

Fortune just released a list of the "25 Most Important Private Companies". Number one is Uber, but Fidelity [profile] and Vanguard [profile] tied for second.

"It's no exaggeration to say that the financial security of millions of Americans rests heavily on these two behemoths," Fortune writes.

Other than a hedge fund titan and a famous venture capital player, the rest of the list is devoid of financial players.

Abigail Johnson Fidelity President, Chief Executive Officer

 

Edited by: Neil Anderson, Managing Editor


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