With a net worth of $17.2 billion, Fidelity Investments’ Abigail Johnson is by far the wealthiest person in Massachusetts, and number 23 on Forbes’s list of the 400 richest Americans. That’s a lot of mutual fund fees.
Related:
"The 400 people posted a combined net worth of $2 trillion, up from $1.7 trillion a year ago. That marks their highest combined value ever. The increases aren’t surprising, given that net worth for the wealthiest people has risen in the years since the financial crisis, widening the gap between the exceptionally well-to-do and the rest of the country."
That is quite the company she is keeping!
Johnson, who now runs Fidelity Financial Services, is the likely successor to her father, Edward “Ned” Johnson III. At 83, Johnson remains the Boston company’s chief executive, scraping by on a mere $9.3 billion.
Ho-ho-ho-ho-ho-ho!
Scraping by on a mere $9 billion, ho-ho--ho-ho-ho!
That's so witty and funny, ha-ha-ha-ha-ha-ha!
Ho-ho-ho-ho-ho-ho-ho!
These Globe reporters really crack me up, ho-ho-ho-ho!
For most people, even imagining that kind of money is difficult. To make it easier, here are some ways to help you comprehend a $17.2 billion portfolio.
Oh, thanks for helping me to under$tand, Globe.
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Related: Globe $alutes CEOs
What do you expect from a mouthpiece and apologist for that cla$$ anyway?
Now what to get for the already stinking wealthy:
"For the wealthy, some lavish gift ideas" by Jamie Stengle | Associated Press, October 09, 2013
DALLAS — Need that one-of-a-kind stocking stuffer and have $1.9 million burning a hole in your pocket? Design your own diamond ring and travel to Africa to see where the stone came from.
Love the outdoors but think you’d love it even more while watching the Outdoor Channel? How about an outdoor entertainment system replete with a 201-inch television that rises out of the ground? It can be yours for $1.5 million (plus shipping and handling).
These are among the unique offerings for sale in the 87th edition of the Neiman Marcus Christmas Book, which was unveiled Tuesday in Dallas, where the retailer is based....
Related:
"Neiman Marcus, which didn’t suffer during the Great Recession, has a long-held reputation for coddling its affluent shoppers through its loyalty programs."
Also see: This Post Will Make You Look Good
Better than that other guy.
At $1.85 million, the ‘‘diamond experience’’ is this year’s most expensive fantasy gift.... The package includes a trip to De Beers’ headquarters in London and to Africa to trace the stone’s origins.
Blood diamonds?
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Car collectors, wow friends and enemies alike by rolling up to your next company picnic in one of 10 special-edition 2014 Aston Martin Vanquish Volantes. The sports cars, which cost $344,500, are handmade in England and come in an exclusive shade of blue.
‘‘The cars sell out every year, and always sell out in a record amount time,’’ Neiman Marcus spokeswoman Ginger Reeder said.
It can be hit-or-miss with other fantasy items, Reeder said....
Oh, to be lost in world of fanta$y, look what you've done to me.
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This "new$paper" isn't being written for you or me, folks. It's being written for $omeone el$e and repre$ents their intere$ts, with eliti$t in$ult as a $ide di$h.
"Rates of unemployment for the lowest-income families — those earning less than $20,000 — have topped 21 percent, nearly matching the rate for all workers during the 1930s Great Depression."
That is not counting those not counted because they gave up looking for work and are sponging of friends and relatives now, and history will record the current one as the Grand Depression.
"Since the recession officially ended in June 2009, the top 1 percent have enjoyed the benefits of rising corporate profits and stock prices: 95 percent of the income gains reported since 2009 have gone to the top 1 percent compared with a 1 percent increase for the remaining 99 percent."
As corporate profits hit a record, which means the remaining 99% saw a decline when the Fed's monetary inflation (prices up because of continued printing of $85 billion to buy up Wall Street's crap every month. No one else is buying AmeriKan bonds or investing in AmeriKa anymore. I know the banker's mouthpiece isn't telling you that, but....) and deflation (because of the Fed's actions your dollar's purchasing power is a lot less, American) is taken into account.
Yup, corporate profits hit a record high and are in a golden age but the labor market $till $tinks. Judging by the time frame, this economy is on the verge of collapse!
"In a report issued early this month, Emmanuel Saez, an economist at UC Berkeley, said that since the recession ended, family incomes in the top 1 percent grew by 31 percent while everybody else’s incomes rose by just 0.4 percent."
"The richest Americans got richer during the first two years of the economic recovery while average net worth declined for the other 93 percent of US households, a report released Tuesday said."
Then the "recession" never ended, and we are in the midst of the Great Depression and yet you would never know it by the corporate pre$$ and their lies.
"The economy is showing strength as summer ends. Still, most of the growth in the number of people working is due to fewer layoffs rather than strong hiring. Many employers remain reluctant to fill jobs. Also, many of the jobs created this year have been part-time positions in industries with generally low pay, such as hotels, retailers, and restaurants. Such jobs leave consumers with less money to spend."
Only a certain kind of con$umer, folks.
As for all the re$t, I'm tired of the agenda-pu$hing face of corporate liberali$m promoting controlled $ocial change that $upports the $tatus quo.
I'm not against people making money, and even less being taxed for it; however, that is not what we have here in 21st-century AmeriKa. What we have is a state apparatus that exists only to serve wealth and privilege in the purest form of true fa$ci$m ever known to man presented to us as freedom every morning by nothing more than a ma$$ media mouthpiece. If that sounds sour to you, well, I have good reason.
As for all the re$t, I'm tired of the agenda-pu$hing face of corporate liberali$m promoting controlled $ocial change that $upports the $tatus quo.
I'm not against people making money, and even less being taxed for it; however, that is not what we have here in 21st-century AmeriKa. What we have is a state apparatus that exists only to serve wealth and privilege in the purest form of true fa$ci$m ever known to man presented to us as freedom every morning by nothing more than a ma$$ media mouthpiece. If that sounds sour to you, well, I have good reason.