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FYI: In 2018, the richest fundster in the U.S. continues to be Abby Johnson. This week Forbes unveiled the 2018 edition of its famous list of the world's billionaires, now 2,208 people long and 32 years running. Here are the billionaire fundsters (and fundsteradjacent billionaires) who made the 2018 list. Regards, Ted http://www.mfwire.com/common/artprint2007.asp?storyID=57743&wireid=2
Wonder if more of their wealth was accumulated base on fees (AUM fees) verses investment returns? Me thinks collecting fees to run the funds they offer. Less risk....more reward.
Interesting no one from Vanguard shows up on the list.
@bee & MFO Members: "Interesting no one from Vanguard show up on the list." Here's the reason why: Vanguard has a fairly unique structure in terms of investment management companies. The company is owned by its funds. The company’s different funds are then owned by the shareholders. Thus, the shareholders are the true owners of Vanguard. The company has no outside investors other than its shareholders. Most of the major investment firms are publicly traded. (Source: Investopedia) Regards, Ted
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Interesting no one from Vanguard shows up on the list.
Vanguard has a fairly unique structure in terms of investment management companies. The company is owned by its funds. The company’s different funds are then owned by the shareholders. Thus, the shareholders are the true owners of Vanguard. The company has no outside investors other than its shareholders. Most of the major investment firms are publicly traded. (Source: Investopedia)
Regards,
Ted
philly.com/philly/columnists/erin_arvedlund/vanguard-partnership-profits-up-15-over-2016-20170619.html