Bilbo Baggins is a hill-dwelling, easily-flustered hobbit who lived a peaceful life until Gandalf and thirteen dwarves come along and hire him as a burglar in their quest to reclaim the kingdom of Lonely Mountain and its treasure from the dragon Smaug. During this journey, Bilbo manages to steal a magical ring from the humanoid creature Gollum. Following the fall of Smaug, Bilbo becomes wealthy and lives an enlongated life thanks to the ring's powers. Eventually, the ring begins to prey on Bilbo's well-being and he is reluctant to relinquish its possession. Ultimately, he leaves the ring with his nephew Frodo Baggins upon setting out to live in retirement in Rivendell.