#17 Abigail Johnson
$11,500 million
With father controls Fidelity Investments, America's largest mutual fund company. Swelling money market assets offsetting declines in stock market funds; assets under management up 3% to $1.4 trillion since last fall. Firm also runs large brokerage business, insurance outfit. Father Ned joined his father's company as analyst 1957, president 15 years later. Abby ran her first diversified fund 1993. Ned trimmed ownership 1995, Abby inherited 24% stake; rumored to have sold some shares back to family members years later. Ownership a mystery: family owns 49% of Fidelity, but size of individual stakes unknown. Abby runs personal and workplace investing division; believed by some to be father's chosen successor. Less likely candidate: Rodger Lawson, Fidelity president, who recently dispelled persistent rumors he was leaving the firm. Company has shed 7% of workforce this year.
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