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Fidelity chairman recovering after breaking his leg

Johnson injured on business trip to Asia

The chairman of Fidelity Investments, Edward C. “Ned” Johnson III, is recuperating in Boston after breaking his leg on a trip to Asia, a spokesman for the Boston-based company confirmed Sunday.

The accident happened four weeks ago, but Johnson, 83, an enigmatic billionaire, is not one to publicize personal news.

“Mr. Johnson was traveling on his annual business trip in Asia when he slipped and broke a bone in his leg,’’ Fidelity spokesman Vincent Loporchio said. Johnson cut his trip short to return to the United States for treatment and has undergone rehabilitation, according to Loporchio, who said Johnson is “recovering well and he is back conducting business as usual, with the expectation of being back in the office in the next week or two.”


A person close to Fidelity executives said that Johnson has been conducting meetings from the Seaport Boston Hotel, which his company owns. Loporchio declined to comment on where Johnson has been recuperating.

Johnson is a world traveler and philanthropist who turned the business his father founded into one of the world’s largest investment companies. He retained tight control of the company until the last year or so, as his daughter Abigail Johnson, a longtime Fidelity executive, was elevated to the number two role.

While the company has insisted that the senior Johnson remains fully engaged at Fidelity, Abigail P. Johnson has been taking a higher profile in communications with employees, insiders say, and in occasional public appearances.

Fidelity a year ago moved its downtown headquarters to Summer Street, closer to the city’s growing Innovation District. The mutual fund manager and brokerage giant employs about 10,000 people in Massachusetts and more than 40,000 globally.