Top 5 Billionaires in Bermuda and their net worth in 2020

4. Edward Johnson III

Net Worth: $7.7 Billion

Edward Johnson III, was the former CEO of Fidelity. He helped to finance the Bermuda Underwater Exploration Institute. Mr Johnson is listed at 173, with a net income of $7.8 billion.

After a stint in the Army, Edward “Ned” Johnson III joined money manager Fidelity, which his dad founded in 1946, as an analyst.

Ned led Fidelity as CEO for 37 years; his daughter Abigail replaced him in 2014.

He ran the famed Magellan Fund before promoting buy-what-you-know manager Peter Lynch to run it in 1977.

Fidelity is the second largest mutual fund manager in the U.S. after Vanguard, with $2.3 trillion in assets under management.

He’s an art collector and frequently loans pieces to various museums throughout New England.

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