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The Richest Family You've Never Heard Of
Investment management firm Fidelity is a private company that administers over $18 trillion in assets—that’s greater than the GDPs of Germany, Japan, the United Kingdom, and France combined. (Or, it’s18 Elon Musks.) Last year, the company earned almost $13 billion in profit, half of which goes to the family who started it. To be more precise, it goes to the founder's grandchildren, a few of whom have taken major roles inside the still-burgeoning business. My guest this week is Justin Baer, award-winning journalist at the Wall Street Journal and author of the new book House of Fidelity: The…
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