💰Paul McCulley Net worth: $50 Million
He then became a trusted commentator and analyst for CNBC and Bloomberg. McCulley holds an MBA from Columbia Business and gained his BA from Grinnell School, where he is now a member of the Board of Trustees. He began his lifelong relationship with PIMCO, a division of Munich-based insurer, Allianz SE, as an account manager in 1990. After serving two years, McCulley left to become UBS Warburg's (a division of Zurich's UBS AG) chief economist for the Americas.
He returned to PIMCO in 1999 as a portfolio manager and became a member of the firm's investment committee. In addition to his time at PIMCO, he led the firm's short-term bond desk and conducted quarterly investment forums for professional staff. He also managed PIMCO's Government Money Market and PIMCO Treasury Money Market as well as being an author of the monthly research publication, Global Central Bank Focus. His contribution hasn't gone unnoticed, as co-chief investment officers of PIMCO stated that McCulley was part of building the 'firm's economic outlook and portfolio positioning, which help strengthened the client's investment and retirement assets. To credit his expertise in the investment sector, McCulley was named several times as a member of the Institutional Investor All-America Fixed Income Research Team. In 2010, McCulley announced that he retired from the PIMCO, to become a public speaker, researcher and writer for Global Interdependence Center, a Philadelphia-based non-profit organisation which promotes free trade. In addition to this impressive portfolio, McCulley is the founder and president of Morgan Le Fey Dreams Foundations. Formed in 2006, the Californian-based foundation, which is dedicated to the needs of children, is named after a family pet rabbit.
In 2008, McCally was appointed as a member of the US Treasury's Borrowing Advisory Committee (TBAC).
