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Richest Americans - #17

Thursday, September 20, 2007provided by

Abigail Johnson

Net Worth: $15 billion
Source: Fidelity
Residence: Boston
Age: 45
Marital Status: Married, 2 children

• With family controls Fidelity Investments, America's largest mutual fund company.
• Assets under management: $1.5 trillion. Father Edward III joined company as an analyst in 1957, president 15 years later.
• "Abby" studied art history at Hobart & William Smith Colleges; then earned Harvard M.B.A.
• Joined family business 1988, tracked industrial equipment stocks.
• Ran her first diversified fund 1993.
• Father reduced his ownership in 1995; Abby inherited a 24% stake.
• Became president of company's mutual fund division 2001.
• Now runs Employer Services division, which administers payroll and employee stock plans.
• Who owns what? Once clearly defined, Fidelity stakes amongst Johnson family members are now one of the best-kept secrets in capitalism. Company says Abby has sold some of her shares to other family members; family still controls 49% of company.

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• Mortgage

  Loan Type	Today	Last Week
  30 Year Fixed	5.13%	5.16%
  15 Year Fixed	4.70%	4.60%
  1 Year ARM	3.98%	4.00%
  30 Year Fixed Jumbo	6.06%	6.10%
  5/1 ARM	4.30%	4.26%
  3/1 ARM	4.75%	4.80%

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  $50K HELOC	4.99%	5.00%
  $75K HELOC	4.99%	5.00%

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  $25K MMA	1.34%	1.35%

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  48 Month Used Car Loan	7.50%	7.51%

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