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Ned Johnson IV is the youngest child of Edward “Ned” Johnson III

Ned Johnson IV is the youngest child of Edward “Ned” Johnson III, the former chairman of Fidelity Investments. The Boston-based company has about $4.5 trillion in discretionary managed assets. He also serves as president of the family company Pembroke Real Estate, which owns Seaport Place in South Boston.

The majority of Johnson’s fortune is derived from his 7.5% stake in FMR, the parent company of Fidelity Investments. The holding is based on a Dec. 31, 2000 disclosure to Utah regulators and distribution of his father Edward Johnson III’s stake.

FMR had revenue of $25.2 billion and $8 billion in earnings before interest and taxes for the twelve months ended Dec. 31, 2022, according to a presentation on its 2022 results, and its discretionary managed assets stood at $4.47 trillion as of June 30, 2023, according to the company’s website. Its valuation is based on the average enterprise value-to-Ebit and market capitalization-to-assets under management multiples of publicly traded peers.

The Johnson family also owns 40% of Fidelity International. Johnson is credited with 10.93% ownership of Fidelity International based on past disclosures. It had $729 billion in fund assets as of March 31, 2023, according to its website. It’s valued using the average assets under management-to-market capitalization multiples of publicly traded peers. 

The Johnsons hold family investments in Impresa Management, according to a March 2023 Form ADV filing. It has about $13.4 billion in assets owned by insiders. This analysis credits three family members as equal owners of 80% of insider assets.

The Johnson family is credited with 46% of telecommunications company Colt Group S.A. The firm had revenues of €1.6 billion in 2022, according to filings. It’s valued based on the enterprise value-to-sales multiple of publicly traded peers. Johnson is credited with a 8% share of the firm.

Other assets include oil company Discovery Natural Resources and venture capital firm Eight Roads.

A spokesman for Fidelity, Susan Coburn, did not respond to a request for comment on the calculations on the family’s behalf.


Education: Northeastern University

The only son of Lillie and Edward C. “Ned” Johnson III, Edward C. Johnson IV is president of Pembroke Real Estate, a real estate developer that invests in residential, office and mixed-use properties around the world. Among its major clients are the investment funds of his family and executives of family-controlled mutual fund companies FMR LLC and FIL Limited. It had more than 8.4 million square feet in its portfolio as of April 2017, including the Boston Seaport hotel and exhibition center, 10 Finsbury St. in London and 20 Martin Place in Sydney, Australia.

A resident of Boston, Johnson helped form Pembroke in 1997 after earning his undergraduate degree at Northeastern University. He also owns more than 5 percent of FMR, the parent company of Fidelity Investments and is estimated, based on regulatory filings, to have similarly sized stakes in FIL Limited, a mutual fund company for investors outside North America, and Northern Neck Investors, an investment advisor established primarily for the benefit of the Johnson family.

His sister, Abigail Johnson, is CEO, president and the largest shareholder of Fidelity Investments. His father, Edward C. Johnson III, and grandfather, ran Fidelity since 1946. Another sister, Elizabeth Livingston Johnson, is owner and president of a horse farm in Wellington, Florida.


  • 1946 Edward C. Johnson II forms Fidelity Management and Research.
  • 1957 Father Edward C. Johnson III joins Fidelity as an analyst.
  • 1982 Fidelity Worldwide spun off as FIL in Bermuda.
  • 1995 Fidelity assets under management reach $409.5 billion.
  • 1997 Pembroke Real Estate formed in Boston, Massachusetts.
  • 2011 Buys 20 Martin Place in Sydney, Pembroke’s first Australian property.
  • 2012 Fidelity Investments mutual fund assets reach $1.4 trillion.
  • 2014 Sister Abigail named CEO of Fidelity Investments.

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