Bill Gross is retiring with a $1.5 billion net worth — see how the 'Bond King' spends his fortune, from a $1.3 billion divorce to a massive real-estate portfolio

“Bond King” Bill Gross is saying goodbye to Wall Street.

Gross, 74, is retiring from the financial industry he worked in for more than 40 years, he said on Monday. In 1971, Gross founded Pimco, where he served as the managing director and chief investment officer. In 2014, he joined the global asset-management firm Janus Henderson.

During that time, Gross amassed a fortune that was worth at least $US2.5 billion at one point. After he was embroiled in a nasty divorce, his estimated net worth dropped to $US1.5 billion – but that’s nothing to scoff at.

Aside from the $US1.3 billion that went to his ex-wife post-divorce, Gross has dropped a large chunk of his fortune on two things: real estate and philanthropy.

Throughout the years, Gross has purchased a series of homes along California’s coast, namely in Laguna Beach, creating an impressive real-estate portfolio. Equally impressive is the $US700 million he’s donated to charity – and that doesn’t even scratch the surface, seeing as he said he plans to focus on working with charitable organisations during retirement.

Below, see how Gross spends his fortune.

“Bond King” Bill Gross has an estimated net worth of $US1.5 billion.

Source: Forbes

Gross founded the investment-management firm Pimco in 1971. The firm would eventually reach a peak of $US2 trillion in assets under management, and Gross’ personal bank account grew with it.

Source: Forbes,Business Insider

In 1999, the German insurer Allianz bought Pimco, and Gross began earning a $US200 million annual salary. In 2013, he received a $US290 million bonus.

Source: Bloomberg, Business Insider

In 2014, Gross left to join the asset-management firm Janus Henderson, where he managed a smaller portfolio of $US1.5 billion.

MediaNews Group/Orange County Register via Getty Images/Getty Images

Source: Forbes,Bloomberg

Some of Gross’ fortune is invested in the Janus Global Unconstrained Bond Fund, as well as closed-end municipal bond funds and stocks in Procter & Gamble and Johnson & Johnson.

CNBCBill Gross

Source: Bloomberg

However, Gross used to be worth even more. His fortune reached $US2.5 billion in 2017.

Source: Business Insider

A messy divorce with his wife, Sue, that went on for more than two years caused him to drop off the Forbes 400 list in 2018.

Source: Forbes

She received more than $US1.3 billion and two of their cats.

Source: Forbes

The Grosses acquired quite the collection of heirlooms during their marriage, including antique clocks, luxury cars, and a $US56 million art collection — half of which Sue Gross received in the divorce.

Source: Business Insider, Forbes

Their art collection included Picasso’s “Les Repos,” which sold for $US36.92 million at Sotheby’s auction house.

Photo by Dan Kitwood/Getty Images

Source: Business Insider

But Bill Gross’ biggest collection is real estate.

Gross purchased a 13,819-square-foot property in Laguna Beach’s Irvine Cove area in 1988. While it’s unclear how much he paid for it, it has six bedrooms and eight bathrooms.

Cameron Cross/ShutterstockIrvine Cove.

Source: Yolanda’s Little Black Book

Gross also owns a compound in Indian Wells, California. He reportedly purchased a lot there for $US2.5 million in 1995 and built an 11,316-square-foot mansion with an infinity pool.

FelipeS/ShutterstockIndian Wells.

Source: Yolanda’s Little Black Book

In 2002, Gross reportedly paid $US20 million for a mansion on 17 Mile Drive in Pebble Beach, California. He later sold it for $US16.5 million, suffering a $US3.5 million loss.


Source: Yolanda’s Little Black Book

In 2009, he bought a bayfront home in Newport Beach for $US23 million and tried to flip it. It reportedly sold for $US20.8 million in April 2014.

Beach Media/ShutterstockNewport Beach.

Source: Wall Street Journal, Yolanda’s Little Black Book

In 2011, Gross bought Jennifer Aniston’s Beverly Hills home for a reported $US37 million.

Business Insider

Source: Business Insider

In 2014, he bought two houses across the street and next door to his Irvine Cove mansion for $US19.8 million and $US16 million — a total of $US35.8 million, all in cash.

TraceRouda/Getty ImagesIrvine Cove.

Source: Yolanda’s Little Black Book

Bill and Sue Gross also owned a home in Corona del Mar and a condo in Park City, Utah.

Johnny Adolphson/Shutterstock

Source: Business Insider

In 2018 during the divorce, Bill and Sue Gross separately spent nearly $US150 million buying four homes in Laguna Beach over one month in a bidding war, bringing their total home count in the area up to seven.

Beach Media/ShutterstockLaguna Beach.

Source: The Real Deal

Bill Gross paid $US32 million for a house on the Pacific Coast Highway and $US36 million for a 5,500-square-foot oceanfront house in Irvine Cove. It was the third-highest price paid for a single home in Orange County.

Doug Meek/ShutterstockThe Pacific Coast Highway.

Source: The Real Deal, Orange County Register

Sue Gross was awarded a $US70 million package of three homes they owned during their 30-year marriage, including their $US36 million Laguna Beach house.

Jon Bilous/ShutterstockLaguna Beach.

Source: The Real Deal, Forbes

Bill Gross hired private security guards during the divorce.

Source: Business Insider

As part of his West Coast lifestyle, Gross loves to practice yoga.

Valery Sharifulin/Getty Images

Source: Business Insider

He has also played golf at The Vintage Club and Big Canyon Country Club.

Source: Business Insider

Gross is also an avid stamp collector. He’s spent as much as $US3 million collecting every stamp produced by the US from 1847 to 1869, and some of his collections have sold for up to $US500,000.

MediaNews Group/Orange County Register via Getty Images/Getty Images

Source: Business Insider

Gross was once a professional blackjack player. He turned $US200 into $US10,000 in a four-month stint in Vegas. It paid for his UCLA business-school tuition.


Source: Business Insider, Reuters

He has a penchant for Hermès ties, which range from $US140 to $US305.

Source: Business Insider, Hermès

But Gross has an even greater affinity for giving away his money. Bloomberg has called him one of the biggest philanthropists.

Source: Bloomberg

He’s donated as much as $US700 million and said he plans to donate his remaining millions. He once told Bloomberg the amount of his fortune was “staggering, even to me.”

Source: Bloomberg

He mostly donates through the William and Sue Gross Family Foundation, which supports healthcare, medical research, and education. The foundation donated more than $US21 million in 2018.

Source: Bloomberg, Business Insider

He donated the $US81 million he received in a settlement with Pimco in a wrongful-dismissal lawsuit to the foundation.

Source: Forbes

Much of his donations go toward health: $US20 million to Hoag Memorial Hospital Presbyterian in Newport Beach, $US20 million to Cedars-Sinai Medical Center in Los Angeles, $US20 million to the medical charity Mercy Ships, and $US10 million to Mission Hospital in Laguna Beach.

FG/Bauer-Griffin/Getty Images

Source: Bloomberg

The William and Sue Gross Family Foundation committed $US40 million toward establishing the Sue and Bill Gross School of Nursing at the University of California.

MediaNews Group/Orange County Register via Getty Images/Getty ImagesThe University of California at Irvine.

Source: Los Angeles Times

Gross has also donated $US23.5 billion to his alma mater, Duke University, for financial aid.

Chadarat Saibhut/Shutterstock

Source: Forbes,Bloomberg

He’s also given to arts and culture organisations, donating $US10 million to the Smithsonian Institution for a stamp-collecting gallery.

Source: Business Insider

He and Sue Gross wrote anonymous $US15,000 checks to workers laid off from NASA’s Space Shuttle program in 2012.

David McNew/Getty Images

Source: Business Insider

That’s not to mention personal gifts he and Sue Gross reportedly gave American families in need.

Source: Bloomberg

Bill Gross has also given to worldwide charitable efforts. He worked with GiveDirectly, which donates to poor people in Africa.


Source: Bloomberg

He also donated more than $US19 million to the Millennium Villages Project, which focuses on the causes of extreme poverty in Africa.

Getty Images

Source: Inside Philanthropy

Gross says he plans to work with charitable organisations during his retirement.

Source: Business Insider

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