Massachusetts Billionaire Heavyweights: Their Companies & Jobs

Massachusetts Billionaire Heavyweights: Their Companies & Jobs 

1. Abigail Johnson — $41.6 billion
    Fidelity Investments
   ‍ Chair and Chief Executive Officer (CEO)
    Fidelity is a major financial-services company offering investment management, brokerage services, retirement accounts, mutual funds, and wealth-management products. Abigail Johnson is part of the founding Johnson family and leads the company.
2. Edward “Ned” Johnson IV — $16.3 billion
    Fidelity Investments / Johnson family investments
   ‍ Investor and Fidelity-family heir
   ️ Also linked with Pembroke, a real-estate investment and development business associated with the Johnson family. He is not the CEO of Fidelity; his wealth is primarily connected to the family’s Fidelity ownership.
3. Robert Kraft — $15.2 billion
    The Kraft Group
    Owner of the New England Patriots
   ⚽ Owner of the New England Revolution
   ‍ Founder, Chairman, and CEO of the Kraft Group
    The Kraft Group has holdings in sports, paper and packaging, real estate, private-equity investments, and events. Kraft is best known locally as the Patriots owner.
4. Elizabeth Johnson — $14.4 billion
    Fidelity Investments
   ‍ Fidelity-family heir and investor
    Her wealth comes largely from the Johnson family’s ownership interest in Fidelity Investments. She is not publicly identified as operating Fidelity’s day-to-day business.
5. Jim Davis and family — $6.9 billion
    New Balance
    Chairman and owner
    New Balance is the Boston-based athletic-footwear and apparel company behind New Balance shoes, clothing, and sports gear.
6. Robert Hale Jr. — $6.5 billion
    Granite Telecommunications
    Founder and CEO
    Co-owner of the Boston Celtics
    Granite Telecommunications provides communications and technology services to businesses, including voice, data, and related telecom solutions.
7. Amos Hostetter Jr. — $4.5 billion
    Continental Cablevision
    Former cable-TV entrepreneur, investor, and philanthropist
    Hostetter built much of his wealth through Continental Cablevision, a cable company that was sold to MediaOne; MediaOne was later acquired by AT&T.
   Summary:
   The biggest sources of wealth among the group are financial services (Fidelity), sports and diversified investments (Kraft Group), athletic apparel (New Balance), telecommunications (Granite), and cable television (Continental Cablevision).