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Thursday, March 8, 2012

Meet the Billionaire Fundsters

News summary by MFWire's editors

Forbes magazine has unveiled its list of the the world's billionaires. Fidelity scion Abby Johnson is the highest-ranking fundster on the list, coming in at No. 85. Johnson, president of personal, workplace and institutional services, has a net worth of $10.3 billion.

Her father Ned is No. 173, with a net worth of $5.8 billion.

Moving on to the West Coast Johnsons, Franklin Resources' Charles Johnson ranks 232nd (with $4.5 billion) and Rupert Johnson, Jr. is not far behind at No. 242 ($4.4 billion).

Pimco superstar Bill Gross, meanwhile, has a net worth of $2.2 billion, landing him the 578th spot on the list.

Other notables include:

  • Baron Capital's Ron Baron at No. 854 ($1.5 billion)
  • Michael Price also at No. 854 ($1.5 billion), and
  • Brandes Investment Partners' Charles Brandes at No. 960 ($1.3 billion)

    A record 1,226 people made it to Forbes' list this year, collectively worth $4.6 trillion.  

    Edited by: Armie Margaret Lee

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