- Category:
- Richest Business › Richest Billionaires
- Net Worth:
- $1.1 Billion
- Gender:
- Male
- Nationality:
- United States of America
What is Thomas Bailey's Net Worth?
Thomas Bailey's net worth is $1.1 billion. That makes him one of the richest people in Colorado. A graduate of Michigan State University, Thomas Bailey subsequently earned his Master of Business Administration degree from the University of Western Ontario. After spending time working on Wall Street throughout the 60s, he relocated to Denver, Colorado in 1969. Once in Colorado, he founded Janus Capitol Group, a mutual fund company.
Throughout the 80s and 90s, Janus thrived, and became the fourth largest mutual funds company in the United States. The company began to stumble in the early 2000s. He resigned as CEO in 2002, and in 2004, the company was forced to pay a $262 million fine for its involvement in the 2003 mutual funds scandal. Janus currently manages just over $152 billion in assets for multiple clients around the world, out of offices in seven countries. Mr. Bailey currently lives on Iron Rose Ranch in Colorado where he breeds horses and fly fishes.
