Early Life
Charles Bartlett Johnson was born in Montclair, New Jersey, in 1933. His father, Rupert Johnson Sr., founded Franklin Resources in 1947, a mutual fund company. Charles attended Montclair High School and Yale University, where he graduated in 1954.
Rise to Success
In 1957, at the age of 24, Charles B. Johnson became the CEO of Franklin Resources, Inc. He spent 56 years with the company, transforming it into a global investment management firm. Under his leadership, the firm acquired Templeton, Galbraith & Hansberger Ltd. in 1992, solidifying its position in the industry. Johnson stepped down as chairman in June 2013, with his son, Greg Johnson, taking over the role.
Key Business Strategies
Johnson's investment strategy centered on long-term value investing, emphasizing disciplined decision-making. The acquisition of Templeton was a critical move. The firm's assets under management grew from $2.5 million in 1957 to over $800 billion when he retired. He is also the largest shareholder of the San Francisco Giants, owning approximately 26% of the team.
Philanthropy
Charles B. Johnson and his wife Ann are known for their philanthropy. In 2013, they donated $250 million to Yale University, the largest gift in the university's history, supporting the construction of new residential colleges. They have also contributed to numerous other charitable causes, including education and medical research.
