MutualFundWire.com: 2018's Richest Fundsters Are ...

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Friday, March 9, 2018

2018's Richest Fundsters Are ...

In 2018, the richest fundster in the U.S. continues to be Abby Johnson.

This week Forbes unveiled the 2018 edition of its famous list of the world's billionaires, now 2,208 people long and 32 years running. Here are the billionaire fundsters (and fundster-adjacent billionaires) who made the 2018 list:

Abby Johnson, #83 (down from #75 on the 2017 list), president and CEO of Fidelity, $15.9 billion (up from $14.4 billion);

Chuck Schwab, #162 (down from #156), chairman and founder of Charles Schwab, $9.4 billion (up from $8.3 billion);

Ned Johnson (Edward Johnson, III), #196 (down from #173), former CEO of Fidelity and father of Abby Johnson, $7.9 billion (up from $7.8 billion);

Charles Johnson, #321 (down from #250), chairman of Franklin Resources, $5.6 billion (down from $5.8 billion);

Rupert Johnson, Jr., #422 (down from #315), vice chairman of Franklin Resources and half-brother of Charles Johnson, $4.8 billion (down from $5.1 billion);

Ken Fisher, #606 (down from #501), executive chairman of Fisher Investments, $3.7 billion (negligible change);

Edward Johnson, IV, #629, brother of Fidelity's Abby Johnson and son of Ned Johnson, $3.6 billion;

Elizabeth Johnson, #629, sister of Fidelity's Abby Johnson and daughter of Ned Johnson, $3.6 billion;

Cliff Asness, #791, co-founder of AQR, $3 billion;

Mark Walter, #859, CEO of Guggenheim Partners, $2.8 billion (up from $2.5 billion);

Joe Mansueto, #965 (down from #939), executive chairman of Morningstar, $2.5 billion (up from $2.2 billion);

Ron Baron, #1,103 (down from 939), CEO of Baron Capital, $2.2 billion (negligible change);

Bill Gross, #1,284 (down from 814), PM at Janus Henderson and co-founder of Pimco, $1.9 billion (down from $2.5 billion);

Jeffrey Gundlach, #1,284 (up from #1,290), CEO of DoubleLine Capital, $1.9 billion (up from $1.6 billion);

David Booth, #1,477 (down from #1,290), executive chairman of DFA, $1.6 billion (negligible change);

Mario Gabelli, #1,477 (down from #1,376), CEO of Gamco, $1.6 billion (up from $1.5 billion);

Thomas Bailey, #1,867, founder of Janus, $1.2 billion (up from $1.1 billion);

Charles Brandes, #1,867 (down from #1,678), freshly retired founder of Brandes Investment Partners, $1.2 billion (negligible change);

Alfred West, Jr., #1,867, chairman and CEO of SEI, $1.2 billion; and

John Liew, #2,124, co-founder of AQR, $1 billion (negligible change).