Rank #2943
Thomas Bailey
Net worth $1.3B
Money management · United States
- Born
- Jan 01, 1937
- Age
- 89
- Source
- Money management
- Residence
- Aspen, Colorado
- Citizenship
- United States
- Marital status
- Divorced
- Children
- 2
- Education
- Bachelor of Arts/Science, Michigan State University; Master of Business Administration, University of Western Ontario
Net worth over time
Biography
- Thomas Bailey's fortune comes from mutual fund giant Janus, which he founded in Denver in 1969.
- Bailey sold his 12% stake in Janus to its parent, Stillwell Financial, for $1.2 billion (pretax) in 2001-2002.
- Janus had two decades of remarkable returns, but its funds began losing money in the early 2000s.
- He served as the CEO of Janus for 33 years until 2002 and as chairman through 2003.
- A Michigan State graduate who worked on Wall Street before moving to Denver, he spends his time fly-fishing and breeding horses.