Nine fundsters (or fundster-like folk) made it onto
the 2015 Forbes 400 list
of the 400 richest people in the United States. All nine made last year's list, too; five rose in 2015, and four fell.
| Abigail Johnson|
Chief Executive Officer
The wealthiest mutual fund industry insider on the list is also the sixth wealthiest woman on the list: 53-year-old Fidelity Investments
] CEO Abby Johnson
ranks at 31 on the list, up five spots from last year. Her net worth is estimated at $14.2 billion thanks to her significant stake in the mutual fund and 401(k) titan. Her father, 85-year-old Fido chairman Ned Johnson
, rose six spots to 59th, with an estimated net worth of $7.8 billion.
Next up is 78-year-old Chuck Schwab
, chairman of brokerage giant Charles Schwab
] (which does have a mutual fund arm, too). Schwab rose two spots to 72, with $6.4 billion.
The West Coast Johnsons are next, though they both slipped a bit in the rankings this year; stock in their publicly-traded mutual fund firm, Franklin Templeton
] parent Franklin Resources
, is down nearly a third year-over-year. 82-year-old Charles Johnson
fell 18 to 90th, with $5.3 billion. And 74-year-old Rupert Johnson, Jr.
fell 36 spots to 114th, with $4.7 billion.
, 64-year-old founder of Fisher Investments
], rose 14 to 211th, with $3 billion.
72-year-old Ron Baron
, CEO of Baron Capital
], fell five to 307th, with $2.2 billion.
59-year-old Joe Mansueto
, chairman and CEO of mutual fund ratings giant Morningstar
, rose 17 to tie Baron at 307th, with $2.2 billion. Mansueto is the sole fundster on the list not from the American heartland (in his case, Chitown) and not either of the coasts.
And the fallen bond king, 71-year-old Bill Gross
], fell 70 to 342nd, with $2 billion.
Neil Anderson, Managing Editor
Stay ahead of the news ... Sign up for our email alerts now