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.[patch +2]
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.[patch +1]
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.[patch +1]
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.[patch +1]
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.[patch]
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.[patch]
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.[patch]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).[patch]