Early Life and Education
Thomas Bailey was born on July 3, 1937. He earned a Bachelor of Arts/Science from Michigan State University and a Master of Business Administration from the University of Western Ontario.
Rise to Success
Bailey began his career in finance, eventually founding Janus Capital Group in Denver, Colorado, in 1969. Under his leadership, Janus grew to become one of the largest and most successful mutual fund companies in the United States. He served as CEO for 33 years, until 2002, and remained Chairman through 2003. Bailey's vision was to invest in well-run companies, a strategy that contributed to Janus's remarkable returns during the 1980s and 1990s. He sold his 12% stake in Janus to Stillwell Financial for $1.2 billion (pretax) in 2001-2002.
Key Business Strategies
Bailey's strategy focused on identifying rapidly growing companies through in-depth research. He sought to create a team of top investment talent, building a culture that allowed Janus to thrive. His innovative approach and ability to adapt to market changes were central to Janus's success. Bailey was inducted into the Colorado Business Hall of Fame in 2004.
Philanthropy
While the search results did not reveal specific philanthropy amounts, it's known that he endowed two tenured chairs at Colorado State University's Veterinary Teaching Hospital. Additionally, the Janus Foundation, assists more than 140 national nonprofits by offering academic education programs to at-risk youth, including a program where Janus adopted seven schools within the Denver Public School district.
