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Tuesday, March 21, 2017

The Richest Fundsters, 2017 Edition

News summary by MFWire's editors

At least 10 U.S. fundsters, plus several fundster-adjacent folks, are among the world's billionaires this year, as identified by Forbes.

Abby Johnson
Fidelity
Chairman and CEO
Yesterday the magazine released its 2017 edition of "The World's Billionaires" list, which includes a record 2,043 people from the globe. The richest U.S. mutual fund industry insider remains Abby Johnson of Fidelity [profile], whom Forbes identifies as the 75th richest person on the planet with an estimated net worth of $14.4 billion. Her father and predecessor, Ned Johnson, comes in at 173 with $7.8 billion.

The West Coast Johnsons, Charles Johnson and Rupert Johnson, Jr. of Franklin Resources [profile], come in at #250 and #315 with $5.8 billion and $5.1 billion each, respectively.

Bill Gross of Janus [profile] ranks 814 with $2.5 billion.

Ron Baron of Baron Capital [profile] is 939 with $2.2 billion.

David Booth of DFA [profile] and Jeffrey Gundlach of DoubleLine [profile] are tied at 1,290 with $1.6 billion each.

Mario Gabelli of Gamco [profile] is 1,376 with $1.5 billion.

Charles Brandes of Brandes Investment Partners [profile] is 1,678 with $1.2 billion.

Other fundster-adjacent names on the list include: Thomas Peterffy of Interactive Brokers Group, 82, $13.8 billion; Chuck Schwab of Charles Schwab [profile], 156, $8.3 billion; Ken Fisher of Fisher Investments, 501, $3.7 billion; Joe Mansueto of Morningstar, 939, $2.2 billion; and Howard Marks of Oaktree Capital, 1,030, $2 billion.  

Edited by: Neil Anderson, Managing Editor


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