The $5 Trillion Fidelity Family

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Fidelity is by far one of the most recognizable and trusted financial platforms in the world. They manage roughly $4.9 trillion making them one of the largest asset managers in the world. The aspect that is most unique about Fidelity though is that the company is not only private, but it is largely owned by just one family, the founding family. The Johnson family currently controls 49% of the company meaning that just one family has near majority control over $4.9 trillion and America’s retirement at large. This control didn’t come overnight though. Fidelity was actually founded nearly 100 years ago in 1930 as a mutual fund during the Great Depression. They transitioned into being a money manager and slowly grew their AUM over the next several decades. This video explains the story of Fidelity and the Johnson family and how one family came to have near control over $4.9 trillion.

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Timestamps:
0:00Fidelity
2:25Elite Beginnings
6:46Unstoppable Growth
9:48An Unfathomable Giant

Thumbanil Credit:
ReutersBrian Snyder
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Disclaimer:
This video is not a solicitation or personal financial advice. All investing involves risk. Please do your own research.
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