Edward Johnson IV
American property executive; Fidelity heir and president of Pembroke Real Estate
| Edward C. Johnson IV
| |
|---|---|
| Born | 18 November 1964 (Forbes) |
| Nationality | American |
| Residence | Boston, Massachusetts (Forbes) |
| Occupation | President, Pembroke Real Estate |
| Known for | Shareholding in FMR (Fidelity Investments) |
| Parents | Edward C. "Ned" Johnson III; Elizabeth "Lillie" Johnson |
| Sibling(s) | Abigail Johnson; Elizabeth Johnson |
| Education | BS, Northeastern University (Forbes) |
Edward C. Johnson IV (born 18 November 1964), also known as Ned Johnson IV, is an American property executive and an heir to Fidelity Investments. He is president of Pembroke Real Estate, the property business linked to Fidelity's parent company, FMR. Forbes estimates his stake in FMR at about 10%.[1][2][3] He is the brother of Fidelity chief executive Abigail Johnson.[1][4] On 10 November 2026 the Forbes Real-Time Billionaires list ranked Edward Johnson IV 175th in the world, with an estimated net worth of US$16.3 billion; Forbes lists the source of wealth as fidelity.[1][5] In the annual World's Billionaires list published in 2026, Forbes had ranked Edward Johnson IV 216th, at US$13.6 billion.[6]
Family
Johnson is a grandson of Edward Johnson II, who founded Fidelity Investments in 1946.[1] His father, Edward C. "Ned" Johnson III, died on 23 March 2022, survived by his wife, Elizabeth "Lillie" Johnson, and three children: Abigail, Elizabeth and Edward IV.[4] Forbes says he studied at Northeastern University.[1]
Pembroke Real Estate
In 2012 Family Business Magazine, citing Bloomberg, reported that Johnson helped set up Pembroke Real Estate in 1997. At the time it managed 6.5 million square feet of office and residential property, including the Boston Seaport hotel and exhibition complex.[2] Sources describe the firm's ownership in different ways. Family Business Magazine called it "family-owned", Forbes's 2017 profile said it was owned by FMR, its 2026 profile says it is affiliated with FMR, and The Boston Globe calls it the real-estate arm of Fidelity's parent company.[2][1][3] In December 2025 Pembroke bought Proto, a 280-unit apartment block at 88 Ames Street in Kendall Square, Cambridge, from BXP for about US$170 million. Johnson said in a statement that Pembroke was "diversifying our portfolio to complement our office and mixed-use properties" with homes in the same cities.[3]
Corporate register
The UK Companies House register lists him as a director of two overseas companies with UK establishments, FMR Rhode Island, Inc. and Pembroke Real Estate LLC. He was appointed to both on 20 August 2009. His correspondence address is given as 82 Devonshire Street, Boston, MA 02109.[7]
Wealth
Forbes lists Fidelity as the source of his wealth and classes it as inherited.[1] Estimates of his stake in FMR have changed over time. Forbes's 2024 profile gave 5.56%, citing documents filed with the Utah Department of Insurance in 2000. Its 2025 Forbes 400 entry gave 9.56%, and its 2026 profile gives about 10%.[1] In 2012 Family Business Magazine, citing Bloomberg, said the family owned 49% of FMR and 39.89% of FIL Ltd, and controlled BostonCoach Corp. It put his wealth at US$2.5 billion.[2] In 2022 The Boston Globe listed him at US$6.3 billion.[8] Forbes says Fidelity managed US$7.1 trillion in discretionary assets as of December 2025.[1]
Wealth history
Forbes has included this entry in its annual World's Billionaires list in 9 of the editions from 2001 to 2026 checked for this profile, starting with 2018. The table gives the rank and estimated net worth in each annual list, and, where applicable, the rank and estimate in the Forbes 400 list of the richest Americans.[6][1]
| Year | World's Billionaires rank | Net worth (US$ bn) | Forbes 400 rank | Forbes 400 net worth (US$ bn) |
|---|---|---|---|---|
| 2017 | – | – | 206 | 3.6 |
| 2018 | 629 | 3.6 | 190 | 3.9 |
| 2019 | 617 | 3.5 | 268 | 3.2 |
| 2020 | 875 | 2.4 | 228 | 3.5 |
| 2021 | 589 | 4.8 | 124 | 7.2 |
| 2022 | 403 | 6.3 | 133 | 6.6 |
| 2023 | 352 | 6.8 | 64 | 10.6 |
| 2024 | 168 | 11.8 | 70 | 12.6 |
| 2025 | 178 | 13.1 | 76 | 14.2 |
| 2026 | 216 | 13.6 | 73 | 16.3 |
Philanthropy
Forbes says the Johnson family is a major donor to Boston nonprofits, including Harvard, Historic New England and the Institute of Contemporary Art.[1]
Political activity
No federal contributions under his name were found in Federal Election Commission records. The only close match was a namesake in North Carolina. No other political activity was found in the sources checked.
International and political links
This section uses the same ten headings for every profile in this series. Only specific, sourced actions are included; company-level and foundation-level actions are labelled as such. Where nothing was found, the entry reads "No documented involvement found in sources checked."
Israel (investments, operations, donations, contracts, statements)
No documented involvement found in sources checked.
Zionist or pro-Israel organisations and lobbying groups
No documented involvement found in sources checked.
Jewish communal charities
No documented involvement found in sources checked.
Gulf states
No documented involvement found in sources checked.
China
No documented involvement found in sources checked.
Russia
No documented involvement found in sources checked.
India
No documented involvement found in sources checked.
Palestinian or Arab causes
No documented involvement found in sources checked.
Home government
No documented involvement found in sources checked.
Other international links
No documented involvement found in sources checked.
See also
Notes
- ↑ 1.00 1.01 1.02 1.03 1.04 1.05 1.06 1.07 1.08 1.09 1.10 Forbes, Forbes profile record for Edward Johnson IV (Forbes data feed behind forbes.com/profile/edward-johnson-iv/) Forbes, live record, read 10 November 2026, accessed 10 November 2026.
- ↑ 2.0 2.1 2.2 2.3 Family Business Magazine, Johnson family enterprise extends beyond Fidelity Family Business Magazine, 20 September 2012, accessed 10 November 2026.
- ↑ 3.0 3.1 3.2 Boston Globe, Kendall Square apartment building sold for $170 million The Boston Globe, 18 December 2025, accessed 10 November 2026.
- ↑ 4.0 4.1 Ken Sweet, Ned Johnson, who made Fidelity a fund titan, dies at 91 AP News, 24 March 2022, accessed 10 November 2026.
- ↑ Forbes, Forbes Real-Time Billionaires data feed Forbes, live; downloaded 10 November 2026 17:20 UTC, accessed 10 November 2026.
- ↑ 6.0 6.1 Forbes, Forbes World's Billionaires list data feed, annual editions 2001–2026 (one file per year at this path with the year substituted; all 26 files downloaded and read) Forbes, annual lists; downloaded 20 October 2026, accessed 10 November 2026.
- ↑ Companies House, Edward C JOHNSON IV personal appointments Companies House (GOV.UK), , accessed 10 November 2026.
- ↑ Boston Globe, Here are the 27 locals on the Forbes billionaires list The Boston Globe, 7 April 2022, accessed 10 November 2026.