Fidelity Investments—formally known as FMR LLC—is one of the largest multinational financial services corporations in the world and operates as a privately held, family-controlled enterprise rather than a publicly traded company. The largest block of ownership and voting control is held by members of the Johnson family, founded by Edward C. Johnson II and subsequently led by his descendants, including Abigail Johnson, who serves as the Chief Executive Officer. This private family ownership structure allows the firm to maintain long-term strategic focus and independence from public stock market pressures, keeping executive decision-making and equity stakes closely aligned with the founding family lineage and key internal executives.