Rupert Harris Johnson, Jr. Net WorthReal Name: Rupert Harris Johnson, Jr.
Date of Birth: 1/1/1941
Place of Birth: United States
2017 Net Worth: $6.2 Billion
Profession: Vice Chair of Franklin Resources (mutual funds)
Rupert Johnson, Jr. Biography
Rupert Johnson, Jr. was born in 1941 and graduated from Washington and Lee University. After serving in the Marines, Johnson went to work for his father’s mutual fund company, Franklin Distributors, in 1965.
Johnson runs the investment firm of Franklin Resources, which is the parent company of the Franklin Templeton mutual fund company along with his half-brother Charles, nephew Gregory, and niece Jennifer. Johnson’s half-brother Charles took over as chief executive officer in 1957 when their father retired. The brothers expanded their father’s original company into Franklin Resources in 1969. Johnson has served as vice chairman since 1999, his brother Charles was the CEO until 2013 when he retired after 56 years of working for the family firm. His nephew Gregory now serves as the Chief Executive Officer, taking over after his father’s retirement. The Franklin Resources group has an estimated $900 billion in assets under management.
Johnson has been a generous giver to his alma mater, Washington and Lee University. He donated $100 million in 2007, most of which has been used for scholarships. He is a member of the Board of Trustees at Washington and Lee University and is also on the Board of Trustees at Santa Clara University. He has also made generous donations to the Asian Art Museum of San Francisco as well as the Delaware Art Museum. Johnson is married but has no children, and currently lives in Burlingame, California.
With a current net worth of $6.2 billion, and no apparent heirs, it is not known if he will donate his money after his death to his alma mater, but many hope that he will do exactly that, offering years’ worth of scholarships to the poor by establishing a merit-based financial aid program, as well as establishing a curriculum enrichment program. However, some say that he will most likely donate the majority of his money to his niece and nephew, with the remainder divided between museum donations and his alma mater, however, as of this writing, Johnson’s plans for his vast wealth after his death remain a mystery.