Few outside the financial world know about Abigail Johnson, an American businesswoman and President of Fidelity’s Employer Services Company, the largest mutual fund company in the United States. Irrespective of being the daughter of Edward C. Johnson III, who owns and runs Fidelity Investments and Fidelity International, Abigail did her first job of answering phone calls at the customer-service department of the company. Later, she worked as a consultant at Booz Allen & Hamilton, and after completing her MBA from Harvard business School, she joined her father’s Fidelity Investments, as lowly stock analyst in 1988. Abigail then proved herself to be an able fund observer, and was eventually promoted to equity portfolio manager, and then to president of Fidelity’s Employer Services Company in 2005. She worked hard and led her company to be the industry powerhouse holding $1.4 trillion of the mutual fund business, and has even spawned its independent press, the Fidelity Insight newsletter.
With a net worth of $11.3 billion, she is now the sixth-wealthiest woman in America, but doesn’t possess that air of being one of the richest. Often called as “Abby” in the Fidelity’s Boston Headquarters, she is a cool and calm woman who works hard, and spends eleven-hour days at the office. After her office hours, she often heads to her grandfather’s former abode, situated on a suburban Boston road. Despite of her status as the most influential American woman, Abigail eludes publicity and seldom gives interviews. Married to Christopher J. McKown, co-founder and president of health care information company, Abigail is mother to two children and loves to spend her off duty hours with family at Nantucket Island.