Bill Gross Net Worth: Charity and Lifestyle - Wealthy Peeps (2024)

A successful American investor, fund manager, and philanthropist, Bill Gross has a net worth of a staggering $1.5 billion.

Popularly known as Bill Gross, William Hunt Gross is a Pacific Investment Management Company co-founder.

He is one of the most successful financial managers worldwide.

Bill Gross is regarded as one of America’s most powerful businesspeople. The Fixed-Income Analyst Society, Inc. (FIASI) Hall of Fame honored Bill Gross as the first portfolio manager in 1996.

Furthermore, he is a tremendously affluent man with a strong desire to play golf.

Besides, Gross has Asperger’s Syndrome.

Quick Facts

Some quick facts about Bill Gross are listed below:

Bill Gross Net Worth and Income

Bill Gross’ Net Worth

The successful businessman Bill Gross’ net worth is $1.5 billion as of August 2024.

Gross is a finance industry rock star. At one point, he managed hundreds of billions of dollars, and his bets could make or break the fate of countries.

Similarly, his venture Pacific Investment Management Company manages $2 trillion assets.

In September 2008, Bill made $1.7 billion after the Federal took over Fannie Mae and Freddie Mac. He had major investments in these agency-backed mortgage bonds.

Income

Gross was a professional blackjack player at one point in his life. During a four-month stay in Vegas, he went from $200 to $10,000.

He also began earning a $200 million annual salary after Allianz purchased Pimco in 1999. He won a $290 million bonus in 2013.

However, the bond king resigned from Pimco in 2014 to join the asset management business Janus Henderson, where he handled a $1.5 billion portfolio.

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

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Bill Gross’ Net Worth in Different Currencies

The successful Bong King Bill Gross’ net worth is around $1.5 billion. Let’s look at Bill Gross’ net worth in different currencies, including bitcoin.

Bill Gross | Houses

Gross has a home in Indian Wells, California. In 1995, he allegedly paid $2.5 million for a plot of land and erected an 11,316-square-foot house with an infinity pool.

Similarly, Gross paid $20 million for a home on Pebble Beach’s 17 Mile Drive in 2002. He eventually sold it for $16.5 million, a loss of $3.5 million.

He also bought actress Jennifer Aniston’s previous home for $42 million in 2011.

He also bought a $23 million bayfront mansion in Newport Beach in 2009 and sought to flip it. In April of 2014, it was said to have sold for $20.8 million.

Additionally, in 2014, the successful businessman paid $19.8 million and $16 million for two residences across the street and next door to his Irvine Cove property, for a total of $35.8 million in cash.

Gross and his wife, Amy Schwartz, currently live in an oceanfront property in Laguna Beach called “Rockledge by the Sea.”

The 10,000-square-foot property was bought at $32 million, making it the third most expensive home sale in Orange County, California, in 2018.

The huge estate features 190 feet of ocean frontage and a private beach and lagoon.

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Bill Gross | Lifestyle

Lifestyle

In 1968, Gross married Pamela Roberts and had two children together. However, they eventually divorced.

Similarly, he married Sue J. Frank in 1985, and the couple had a son named Nick. In 2018, they started divorce proceedings.

Since then, he has referred to Amy Schwartz as his life partner and married her in 2021.

The successful businessman hosted a 50th birthday party for Schwartz at his home, featuring the singer-songwriter and guitarist Kenny Loggins.

Bill is also a passionate amateur golfer. At the AT&T Pro-Am at Pebble Beach, he was part of a foursome that included Tiger Woods and other professionals.

Furthermore, Gross enjoys doing yoga as part of his West Coast lifestyle.

Similarly, he is an enthusiastic stamp collector who gathered a complete collection of 19th century U.S. postage stamps in 2005. He is only the third individual to accomplish this record.

The successful investor paid $2.97 million for a unique plate block of the iconic 1918 24 cent U.S. airmail stamps known as the “Inverted Jenny” in October of the same year.

Charity

Bill donated $10 million to the University of California, Irvine, to support stem cell research and the construction of a new research facility.

Sue and Bill Gross Stem Cell Research Center, which opened in 2010, is named after them.

Furthermore, he donates the money collected from the auction of his stamp collection to the charity.

His stamp collections from the United Kingdom, the British Commonwealth, Western Europe, Scandinavia, the Confederate States, Switzerland, and Hawaii have exceeded $26 million.

Doctors Without Borders and The New York Times Neediest Cases are among the organizations he intends to give.

Reportedly, Gross gave $20 million to Cedars-Sinai Medical Center in Los Angeles in 2012 to build the Sue and Bill Gross Surgery and Procedure Center, which opened in summer 2013.

The generous investor also gave $20 million to Mercy Ships in 2013. This was set aside to build the Global Mercy, a new hospital ship that would join the Africa Mercy in providing medical services to the impoverished.

Further, Bill gave $40 million to the University of California, Irvine, in 2016 to start a nursing school there.

Similarly, Gross and his children from his first marriage established the William, Jeff, and Jennifer Gross Family Foundation in 2018 to coordinate his philanthropic efforts.

Every year, the organization provides more than $20 million, including more than $1.5 million going to coronavirus relief efforts in 2020.

Bill Gross | Investment, Books and Luxurious Collection

Investment

Gross started out working as a blackjack dealer in Las Vegas, Nevada and has stated that he used many of his gambling strategies for risk management and odds calculation in his investment decisions.

Between 1971 to 1976, Bill Gross worked as an investment analyst at Pacific Mutual Life, pursuing a career in investing and fund management. He finished his Certified Financial Analyst (CFA) program in the meantime.

Further, Gross was the Vice President of PML’s fixed income securities division from 1976 until 1978. He co-founded the Pacific Investment Management Company (PIMCO) in 1971 and served as the company’s Managing Director and Chief Investment Officer until 2014.

Gross advised the Treasury on the role of subprime mortgage bonds during the 2008 financial crisis while at Pimco, where he had the most bond money in the world.

The Bond King actively traded in and out of positions, aggressively expanded into new areas such as trash bonds and developing markets, and utilized its growing clout to persuade banks to give them higher bids.

Hejoined JanusHendersonasaglobalmacrobondfundmanager,andheretiredinMarch2019.

Books

Bill Gross wrote two popular market investing books in the 1990s: Bill Gross on Investing and Everything You’ve Heard About Investing is Wrong.

His another book, I’m Still Standing: Bond King Bill Gross and the PIMCO Express, is set to release in 2022.

Luxurious Collection

Gross amasses a sizable luxurious collection, including antique clocks and a $56 million art collection. His art collection included Picasso’s “Les Repos,” sold for $36.92 million at Sotheby’s auction house.

Furthermore, he has a collection of luxurious Hermès ties, ranging from $140 to $305.

Bill Gross | Career

Bill Gross has been an investor for more than four decades. He co-founded and ran one of the largest and most successful investment firms, Pacific Investment Management Company.

Moreover, Gross made his fortune by taking advantage of the uncertainty by making informed – but accurate – forecasts about interest rates, inflation, and other bond-related variables.

Further, he offered much-awaited monthly market analysis and became one of the most philanthropic givers of those in need at that period.

In February 2019, Bill Gross announced his retirement from Janus Henderson Investors and active fund management.

Similarly, he stated that he would concentrate on managing his assets and the $390 million William, Jeff, and Jennifer Gross Family Foundation during his retirement days.

As of 2024, Bill Gross’ net worth is $1.5 billion.

3 Facts About Bill Gross

• He donated to Barack Obama’s presidential campaigns despite being a registered Republican.
• Gross’s old Bloomberg keyboard is on display at the Smithsonian Institution’s American Enterprise exhibition at the National Museum of American History. Gross used a keyboard with function keys to obtain real-time financial information in the 1990s and 2000s.
• After a dramatic divorce, about $1.3 billion of Bill Gross’s fortune went to his ex-wife, Sue Gross.

FAQs

What did Bill Gross do?

Gross became known as a superstar bond fund manager after cofounding PIMCO, an investment management firm, in 1971. However, he left in 2014 to join Janus Henderson as a global macro bond fund manager, and he retired in March 2019.

Is Bill Gross a billionaire?

Bill Gross’ net worth of $1.5 billion makes him a billionaire.

Is Bill listed in Forbes Rich 400 list?

He dropped off the Forbes 400 list in 2018 due to a painful divorce with his wife, Sue, that lasted more than two years. His ex-wife received more than $1.3 billion and two of their cats.

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