MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, October 4, 2018 The Eight Richest Fundsters Are ... Of the eight richest fundsters in the U.S., six of them share a last name. Meanwhile, another famous fundster has suffered financially thanks to a bad breakup.
Abby Johnson, CEO of Fidelity Investments, remains the richest fundster on the list, ranking 28th overall with an estimated net worth of $17.3 billion. Three other members of her family also made the list: her father, Ned Johnson, 57th with $8.6 billion; and her brother Edward Johnson, IV and her sister Elizabeth Johnson, tied for 190th with $3.9 billion.
The other two fundsters on the list this year are: Cliff Asness, co-founder of AQR, 215th with $3.6 billion; and Ron Baron, CEO of Baron Capital, 354th with $2.3 billion. Meanwhile, Janus PM Bill Gross is one of 17 people who fell off the list this year, in his case thanks to a divorce in which his wife got $1.3 billion. Fundster-adjacent billionaires on the list include: Chuck Schwab, chairman and founder of Charles Schwab, 52nd with $9.3 billion; Ken Fisher, executive chairman and co-chief investment officer of Fisher Investments, 200th with $3.8 billion; Joe Mansueto, executive chairman of Morningstar, 215th with $3.6 billion; Rodger Riney, founder of Scottrade, and Mark Walters, CEO of Guggenheim Partners, tied for 223rd with $3.5 billion each; and Joe Ricketts founder of Ameritrade, 354th with $2.3 billion. Printed from: MFWire.com/story.asp?s=58704 Copyright 2018, InvestmentWires, Inc. All Rights Reserved |
