REAL TIME TOTAL ASSETS– as of 5/12/17
$ 1.1 B.
Thomas Bailey’s lot of money originates from fund titan Janus, which he founded in Denver in 1969. The firm had returns throughout the bull markets of the 1980s and 1990s. However in the early 2000s losses started , and in 2002 he surrendered as Chief Executive Officer. Two years later he tipped down as chairman and also sold his in the firm for $1.2 billion (gross). A Michigan State graduate that worked with Wall surface Road before transferring to Denver, he invests his time fly-fishing and also breeding .
Thomas Bailey net worth: Thomas Bailey’s net worth is $1.1 billion dollars which makes him one of the richest people in Colorado. A graduate of Michigan State University, Thomas Bailey subsequently earned his Master of Business Administration degree from the University of Western Ontario. After spending time working on Wall Street throughout the 60s, he relocated to Denver, Colorado in 1969. Once in Colorado, he founded Janus Capitol Group, a mutual fund company. Throughout the 80s and 90s, Janus thrived, and became the fourth largest mutual funds company in the United States. The company began to stumble in the early 2000s. He resigned as CEO in 2002, and in 2004, the company was forced to pay a $262 million fine for its involvement in the 2003 mutual funds scandal. Janus currently manages just over $152 billion in assets for multiple clients around the world, out of offices in seven countries. Mr. Bailey currently lives on Iron Rose Ranch in Colorado where he breeds horses and fly fishes.
Source:
- Forbes
- .celebritynetworth