Fidelity CEO remains richest person in Mass. Here's who else made Forbes' billionaire list (2024)

FAQs

Who is the richest billionaire in Massachusetts? ›

Johnson, CEO and Chairman, Fidelity Investments. Fidelity CEO Abigail Johnson remains the wealthiest person in Massachusetts, according to Forbes' most recent list of the world's billionaires, with a net worth of $29 billion. She is the 58th-richest person in the world, a jump from her 2023 ranking at 72nd.

Abigail Johnson (No.

Johnson has served as CEO of Boston-based Fidelity Investments since taking the reins from her father, Edward Johnson III, in 2014. Her wealth jumped from $21.6 billion in 2023 to $29 billion in 2024, making her — once again — the wealthiest Massachusetts resident on the Forbes billionaires list.

Who is the richest man in the world? As of September 1, 2024, the richest person in the world is Tesla and SpaceX CEO Elon Musk. He's worth $243.7 billion.

The majority of Johnson's fortune is derived from her 32.74% stake in FMR, the parent company of Fidelity Investments. Her ownership is derived from an August 2005 SEC filing and a distribution of her father Edward Johnson III's stake.

Many of the state's wealthiest towns are located in the Boston suburbs. This area includes a high concentration of wealthy cities and towns just to the west of Boston, in the MetroWest area, and along the northern and southern coastal regions that have easy access to the city, in particular the North Shore of Boston.

The Du Pont family fortune began in 1803, but they became an extraordinarily wealthy family by selling gunpowder during the American Civil War. By World War I, the DuPont family produced virtually all American gunpowder. In 1968, Ferdinand Lundberg declared the Du Pont fortune to be America's largest family fortune.

Francoise Bettencourt Meyers, 70, has been deemed the richest woman in the entire world with a net work of $99.5 billion in 2024, according to Forbes. She owes it to the widely known cosmetic care company called L'Oreal, which was founded by her grandfather.

As mentioned, Bostonians feel $2.9 million is the net worth needed to feel wealthy. This number is a three-year high. However, to feel financially comfortable, that number drops to $932k. This figure is actually lower than the $1.1 million survey response from 2021.

Not Yet, But We'll See One Soon. A trillion dollars is a phenomenal sum of money, equivalent to 1,000 billion dollars.

Who is the youngest billionaire? ›

The world's youngest billionaire is 19-year-old Livia Voigt, who is still in university. The Brazilian teenager is worth around US$1.1 billion as a result of her minority stake in the electrical equipment company WEG, co-founded by her late grandfather.

Research predicts that Elon Musk will become the first trillionaire in history by 2027. There are also recognized other potential trillionaires. The report discusses social issues and the controversy surrounding Musk while highlighting the public's preoccupation with accumulating money.

The Boston-based Johnson family owns 49% of mutual fund company Fidelity. The other 51% is owned by employees. Abigail Johnson is the third generation of the family to run the company. She took over from her father Edward "Ned" Johnson III in 2014.

While times have changed, Fidelity Bank has remained true to its roots. Today, we are not owned by investors. We are owned by the families who deposited their hard earned savings here. At Fidelity Bank, we have shortened our name and expanded our branch network to serve more people.

The family, which owns almost half the Boston-based company, is now worth $48 billion, an increase of $6.2 billion.

Elon Musk, CEO of Tesla, is the richest person and the richest man in the world with a net worth of $239 billion. After Musk is Jeff Bezos, founder of Amazon. Other billionaires with some of the largest net worths include LVMH's Arnault, Microsoft's Bill Gates, and Oracle's Larry Ellison.

Dover. Dover is Massachusetts' richest town, with a per capita income of $134,000 and a typical house price of $1.6 million. This city, located on the southern banks of the Charles River, is approximately 40 minutes from Boston and is primarily residential.