News Summary
The Johnson family has been named the wealthiest in Massachusetts with a net worth of $61.7 billion, largely due to their ownership of Fidelity Investments. Abigail Johnson, CEO of Fidelity, has seen her net worth soar to $35 billion. The family’s financial success is bolstered by the business ventures of her brothers and sister, showcasing the power of family-run enterprises in the economy. Massachusetts ranks high among wealthy individuals, with the Johnsons leading the pack.
Boston – The Johnson family has officially claimed the title of the richest family in Massachusetts, according to the 2025 Forbes list, with a staggering combined net worth of $61.7 billion. The family’s financial success is primarily attributed to their ownership of Fidelity Investments, one of the largest mutual-fund companies in the world.
Abigail Johnson, the CEO and chairman of Fidelity Investments, has greatly contributed to the family’s fortune, seeing her net worth skyrocket from $15 billion in 2020 to $35 billion in 2025. The company’s total assets under management reached $4.4 trillion in 2023, solidifying its place as a major player in the financial sector.
The Johnson family’s wealth isn’t solely dependent on Abigail, as her brothers also bring significant financial clout. Edward Johnson IV serves as the president of Pembroke Real Estate, a subsidiary owned by Fidelity’s parent company FMR. Meanwhile, their sister, Elizabeth Johnson, boasts a net worth of $12.5 billion and ranks fourth among the richest individuals in the state. Elizabeth is also the founder of Louisburg Farm, a show-jumping horse facility in Wellington, Florida, and holds a 9.56% stake in FMR Corp.
Massachusetts has gained prominence among the ultra-wealthy, as it is home to nine of the 400 richest people in America, according to the Forbes report. Alongside the Johnson family, six additional wealthy individuals from Massachusetts feature prominently on the list, demonstrating the state’s robust economic landscape.
The trend of escalating wealth among billionaires has become increasingly noticeable, with entire family fortunes eclipsing individual entrepreneurs. The Johnson family’s rise to the top exemplifies this shift in wealth distribution, illustrating the substantial influence family businesses can wield in the modern economy.
Fidelity Investments, founded in 1946, has evolved into a cornerstone of financial management services. It offers a wide array of investment management solutions, including mutual funds and other financial products that have attracted millions of investors. The influence of the Johnson family’s leadership is evident in the company’s continued growth and success, as they navigate an ever-changing financial landscape.
The accomplishments of the Johnson siblings underscore the significant impact of their cooperative efforts within the family business. By diversifying their individual ventures while remaining aligned with Fidelity, they have collectively harnessed their resources to grow their wealth substantially. Their leadership roles in various sectors have contributed to the family’s overall financial standing and positioned them as influential figures within Massachusetts and beyond.
Overall, the Johnson family’s remarkable financial journey reflects broader trends in wealth accumulation in America. As they lead Fidelity Investments into new heights and propagate their financial legacy, they stand as a testament to the benefits of family-run enterprises in fostering enduring success.
Deeper Dive: News & Info About This Topic
- NBC Boston: Richest People in Massachusetts
- Wikipedia: Billionaires in the United States
- Business Insider: Richest Families in America
- Google Search: Wealth Distribution in America
- Pro Football Network: NFL Richest Owners
- Encyclopedia Britannica: Family Business
- Patch: MA Family Among Richest U.S. Forbes
- Google News: Johnson Family Fidelity Investments
Author: STAFF HERE BOSTON WRITER
BOSTON STAFF WRITER The BOSTON STAFF WRITER represents the experienced team at HEREBoston.com, your go-to source for actionable local news and information in Boston, Suffolk County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Boston Marathon, Head of the Charles Regatta, and Boston Harborfest. Our coverage extends to key organizations like the Greater Boston Chamber of Commerce and Associated Industries of Massachusetts, plus leading businesses in finance, biotech, and insurance that power the local economy such as Fidelity Investments, Biogen, and Liberty Mutual Insurance. As part of the broader HERE network, we provide comprehensive, credible insights into Massachusetts's dynamic landscape.
