Net Worth: $1.7 B

LAST YEAR: $1.9 B
CHANGE: -10.5%
AGE: 62
RESIDENCE: Pacific Palisades
SOURCE OF WEALTH: Investments

THE MONEY: Gundlach’s DoubleLine Capital was headquartered out of Los Angeles since its founding in December 2009, which followed Gundlach’s well-publicized split from TCW Group. But in February, the money-management firm announced that it was relocating its headquarters to Tampa, Florida. The move to the income tax-free state likely comes as no surprise to anyone familiar with Gundlach, who for years has been a vocal critic of California government and its comparatively high income tax rate. Gundlach, however, is still registered as living in Pacific Palisades. In the waning days of the pandemic, DoubleLine reached around $137 billion in managed assets, the closest the firm has come to reaching its December 2019 peak of $150 billion assets under management.

THE BUZZ: Famous for his bold market predictions, Gundlach correctly forecast the subprime mortgage crash in 2007 and made strong returns buying mortgage bonds in its wake. In recent years, the billionaire investor has made regular appearances on his favorite go-to TV shows on CNBC and Bloomberg, where he’s often an advocate for bearish positions.