NET WORTH: $1.6 billionAGE: 60RESIDENCE: Pacific PalisadesSOURCE OF WEALTH: InvestmentsLAST YEAR: $1.6 billionCHANGE: 0%THE MONEY: Gundlach heads downtown-based DoubleLine Capital, the investment firm he founded more than a decade ago after a bitter split from TCW Group, where he had worked for 24 years. DoubleLine reached an all-time high of $150 billion assets under management in December before shedding nearly $15 billion in the first quarter amid the Covid-19 downturn. Estimated gains to Gundlach’s other holdings, including significant art and commodities investments, helped balance the scales and left his net worth largely flat over the last year. He is an avid art collector and owns works by Willem de Kooning, Piet Mondrian and Andy Warhol. THE BUZZ: One of Los Angeles’ most outspoken financiers, Gundlach is often called the “bond king” and is famous for his bold market predictions. He correctly predicted the housing crash in 2007 and made strong returns buying up mortgage bonds in its wake. Throughout this year, the billionaire investor has made a number of media appearances to discuss the economic fallout of the coronavirus pandemic. He has been highly skeptical of a quick “V-shaped” recovery and has said that additional waves of layoffs appear likely in the future.