Jeffrey Gundlach is an investor and CEO of DOUBLELINE CAPITAL

The field of investing and trading on the stock exchange attracts many successful people who have somehow managed to realize themselves in life.

The reason for this phenomenon is the desire not only to preserve accumulated capital but also to significantly increase it, ensuring a return several percentage points higher than that of banks.

However, the history of the stock market holds more resonant stories, as sometimes completely random people with nothing to do with the investment world have achieved simply stunning success.

In fact, you will learn about one such story in this article and how a musician came to manage billions of dollars.

Jeffrey Gundlach was born on October 30, 1959, in Amherst, New York. He grew up in a very ordinary American family, where the family's income was only enough to feed the family and afford a few luxuries.

My father worked his entire life as a chemist at a company that made bowling oil, and my mother was an ordinary housewife who raised children.

In an interview, Jeffrey Gundlach, recalling his childhood, told how their dryer broke one day, and instead of panicking and calling a repairman, his mother spread out ropes in the backyard, which she used for many years.

Jeffrey Gundlach - School Hobbies

As for his school years, biographers note that Jeff Gundlach excelled in almost everything his classmates did, from sports to academics.

However, it was mathematics that Jeffrey demonstrated his phenomenal abilities, which later played a crucial role in his life. After graduating from high school, thanks to his phenomenal mathematical abilities, he earned a scholarship to Dartmouth College.

After college, again thanks to his mathematical aptitude, he was accepted to Yale.

However, in addition to his love of science, during his student life, Jeff Gundlach developed a second talent: music.

He excelled at playing the drums, so after university, he packed up and embarked on a two-year tour in California, where he actively performed and recorded songs.

However, Jeff and his band never made it into the popular charts, so they had to consider other sources of income.

A happy coincidence, the reason for a fortunate choice.

Jeffrey Gundlach chose the stock market completely by chance. One day, he saw a famous trader on a TV channel interviewing him about his salary, the salaries and money involved in the industry, and giving insight into white-collar work.

The show resonated with Jeff, so he immediately rushed to distribute his resume and landed his first TCW interview.

The most interesting thing is that during the interview, he had nothing to offer except his mathematical skills, which naturally impressed the employer.

Completely inexperienced, Jeffrey took a management position and rose to become one of the most key figures in a company focused on financial management and bond .

His career at TCW was phenomenal; in fact, it was through his work there that he earned his first million dollars. However, 2009 proved to be a turning point, as one day he was simply fired.

Most interestingly, he was accused of engaging in private management, although this was untrue. However, when Jeffrey Gundlach filed a lawsuit, the company began playing dirty, portraying him as a pervert and drug addict.

Information leaked to the press that marijuana and numerous adult magazines were found in his broken-in safe. The scariest part is that this was done to discredit Gundlach in the eyes of his own team.

It was a blessing in disguise.

Jeff Gundlach's dismissal triggered a backlash, as his 45-person team didn't believe the slander and resigned after him, leading to the founding of DOUBLELINE CAPITAL.

Naturally, following the legal battles and the lead analyst's departure from TCW, investors' capital began to migrate to DoubleLine Capital.

Regarding his investment strategy, Jeffrey Gundlach believed that the US stock market was at a kind of peak, making it pointless to invest in it, while buying government bonds and rising rates offered excellent returns. This was especially true if leverage was used for beginners, increasing the capital available for investment.

Currently, Jeffrey Gundlach manages over $55 billion, and his personal net worth is estimated at over $1.5 billion.