Net Worth: $1.7 billion

LAST YEAR: $1.6 billion
CHANGE: 6.30%
AGE: 64
RESIDENCE: Pacific Palisades
SOURCE OF WEALTH: Investments

Known as “The Bond King,” Gundlach has been one of the strongest advocates of the treasury bill, which are government-backed zero-coupon bonds that generally mature within a year or less. He’s also one of the financial market’s most well-known doomsayers, most notably predicting the 2007 subprime mortgage crisis. He founded Tampa-based DoubleLine Capital, which manages $91.6 billion in assets, down from $96 billion in August 2023. DoubleLine, which relocated its headquarters from Los Angeles to Tampa in 2022, launched its own real estate-focused ETC called DoubleLine Commercial Real Estate ETF in April 2023.

Education: He attended Dartmouth College where he has a Bachelor’s Degrees in Math and Philosophy.

Pandemic: Gundlach correctly forecasted the post-Covid market downturn of 2022, though he incorrectly predicted it would be followed by a hard-hitting, long-lasting recession that hasn’t yet occurred. Gundlach reportedly still believes it’s only a matter of time.