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Tuesday, September 17, 2013

See Which Fundsters Are the Richest Now

News summary by MFWire's editors

Some mutual fund industry insiders made it to the Forbes' 400 list.

Abigail Johnson, vice chairman and president of Fidelity [profile] Personal, Workplace and Institutional Services and Fidelity Investments, made it high up on the list, at number 23. She has $17.2 billion.

Edward Johnson III, chairman and CEO of Fidelity, was ranked number 44, with $9.3 billion.

Charles Johnson, chairman of Franklin Resources, parent of mutual fund purveyor Franklin Templeton [profile] , ranked number 74 at $5.6 billion.

Rupert Johnson, the vice chairman and director for Franklin Resources, ranked number 77 with $5.5 billion.

Wilbur Ross, the CEO and chairman of WL Ross & Co. Investment Committee, Invesco's [profile] bankruptcy advisory, corporate finance and investment banking team, was number 209, with $2.6 billion.

Kenneth Fisher, CEO and CIO of Fisher Asset Management [profile] was number 243 at $2.3 billion.

Bond fund king Bill Gross of Pimco [profile] was ranked number 252 with $2.2 billion. Joe Mansueto, founder of Morningstar made number 260 at $2.1 billion.

Fayez Sarofim, fund manager for a number of Dreyfus [profile] funds, ranks 273 and has a net worth of $2 billion.

Ron Baron of Baron Capital made the list at number 327 at $1.7 billion. Peter Peterson, co-founder of Blackstone Group, came at number 352, with $1.5 billion. Mario Gabelli, self-made fundster, made number 382 with $1.35 billion.

To compare, here is MFWire's coverage of the 2012 Forbes 400 list.  

Edited by: Casey Quinlan


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