Early Life
Charles Bartlett Johnson was born in Montclair, New Jersey, in 1933. He attended Yale University, where he graduated in 1954 with a degree in economics. During his time at Yale, he played football as an offensive guard and worked as a waiter in the dining hall.
Rise to Success
Johnson began his career at Franklin Resources, a mutual fund company founded by his father in 1947. He became CEO at age 24 in 1957. Under his leadership, Franklin Resources grew significantly, going public in 1971. A key move was the 1992 acquisition of Templeton, Galbraith & Hansberger, expanding the firm's international reach. He stepped down as chairman in 2013 and was succeeded by his son, Greg Johnson.
Key Business Strategies
Johnson's strategic moves include taking Franklin Resources public and the acquisition of Templeton, Galbraith & Hansberger. These actions were crucial in the firm's expansion. His investment philosophy emphasized long-term growth and quality. Johnson is also the largest shareholder of the San Francisco Giants, which he acquired in 1992.
Philanthropy
Johnson is known for his philanthropic contributions, especially to Yale University, where he funded athletic facilities and academic programs. His $250 million gift in 2013 for the construction of two new residential colleges was the largest single donation in Yale's history at that time.