In a November 2016, memo to Fidelity employees, Johnson announced he would retire in December and turn over the chairmanship to his daughter Abigail.
Although he will no longer be a member of the board of directors, Johnson planned to "maintain office hours ... and continue to consult periodically with Abby.
Livingston had over a hundred thousand acres in New York on the Hudson River Valley, Brooklyn, Long Island and Harlem.
By royal charter of George I of Great Britain in 1686, Robert "The Elder" Livingston (1654–1728) was granted a patent to 160,000 acres along the Hudson River.
With an estimated current[update] net worth of around $8.4 billion, he was ranked by Forbes as the 57th richest person in America.
As of 2012[update], Abigail owned up to 24% of the shares in Fidelity, had a net worth of $10.3 billion and was ranked 29th on the Forbes 400 list of richest Americans.
The firm manages 6.5 million square feet of office and residential real estate, including the Boston Seaport.