THE MONEY: Gundlach is founder of DoubleLine Capital, which saw its assets under management break the $100 billion mark last year. The firm’s specialty is mortgage-backed securities. Gundlach, an avid art collector, is said to keep significant assets outside the financial system.

THE BUZZ: Often referred to as the “bond king,” Gundlach is a hotly watched and oft-quoted investor. Known for bold predictions, he was one of the few to predict the ascendency of Donald Trump before the Republican primaries. He has predicted the Federal Reserve will continue to raise interest rates gradually. Despite its gain in assets under management, DoubleLine’s flagship Total Return Bond Fund performed below the Bloomberg Barclays US Aggregate Bond index for the first time since its inception in 2010. The fund saw outflows at the end of 2016, which bled into this year. Gundlach spent 24 years at rival TCW, which fired him in 2009, alleging he stole proprietary information. The parties settled in 2011. His large collection of modern and contemporary art includes works by Andy Warhol, Franz Kline, and Piet Mondrian.

NET WORTH: $1.25 billion (+5.9%)

LAST YEAR: $1.18 billion*

AGE: 57

RESIDENCE: Pacific Palisades



Return to Wealthiest Angelenos index page