Charles B. Johnson (born January 6, 1933) is an American billionaire businessman and retired executive of Franklin Resources, Inc. (NYSE: BEN), the parent company of Franklin Templeton Investments( He joined the family business founded by his father Rupert H. Johnson Sr. in 1947 and became president and CEO in 1957 at age 24, when assets under management were just $2.5 million( Under his leadership, the firm grew dramatically through strategic acquisitions, including Templeton, Galbraith & Hansberger Ltd. in 1992, expanding into global investment management with billions in assets( He served as CEO until 2004 and chairman until his retirement in June 2013, succeeded by his son Gregory E. Johnson(

Johnson studied economics at Yale University and served three years in the U.S. Army before rising in the firm( He remains a major shareholder in Franklin Resources and is the principal owner (26%) of the San Francisco Giants baseball team, acquired in 1992, though not involved in daily operations( Recognized for industry leadership, he was elected chairman of the National Association of Security Dealers in 1992 and made a $250 million gift to Yale, its largest ever( As a corporate insider, he has engaged in recent trading activity at Franklin Resources, including a reported 10% trade[query context].

Written by Perplexity from public sources.

Filings come from SEC EDGAR. Not investment advice.