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 (2024)

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"Bond King" Bill Gross has an estimated net worth of $1.5 billion. Gross founded the investment-management firm Pimco in 1971. The firm would eventually reach a peak of $2 trillion in assets under management, and Gross' personal bank account grew with it. In 1999, the German insurer Allianz bought Pimco, and Gross began earning a $200 million annual salary. In 2013, he received a $290 million bonus. In 2014, Gross left to join the asset-management firm Janus Henderson, where he managed a smaller portfolio of $1.5 billion. 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. However, Gross used to be worth even more. His fortune reached $2.5 billion in 2017. 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. She received more than $1.3 billion and two of their cats. The Grosses acquired quite the collection of heirlooms during their marriage, including antique clocks, luxury cars, and a $56 million art collection — half of which Sue Gross received in the divorce. Their art collection included Picasso's "Les Repos," which sold for $36.92 million at Sotheby's auction house. 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. Gross also owns a compound in Indian Wells, California. He reportedly purchased a lot there for $2.5 million in 1995 and built an 11,316-square-foot mansion with an infinity pool. In 2002, Gross reportedly paid $20 million for a mansion on 17 Mile Drive in Pebble Beach, California. He later sold it for $16.5 million, suffering a $3.5 million loss. In 2009, he bought a bayfront home in Newport Beach for $23 million and tried to flip it. It reportedly sold for $20.8 million in April 2014. In 2011, Gross bought Jennifer Aniston's Beverly Hills home for a reported $37 million. In 2014, he bought two houses across the street and next door to his Irvine Cove mansion for $19.8 million and $16 million — a total of $35.8 million, all in cash. Bill and Sue Gross also owned a home in Corona del Mar and a condo in Park City, Utah. In 2018 during the divorce, Bill and Sue Gross separately spent nearly $150 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. Bill Gross paid $32 million for a house on the Pacific Coast Highway and $36 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. Sue Gross was awarded a $70 million package of three homes they owned during their 30-year marriage, including their $36 million Laguna Beach house. Bill Gross hired private security guards during the divorce. As part of his West Coast lifestyle, Gross loves to practice yoga. He has also played golf at The Vintage Club and Big Canyon Country Club. Gross is also an avid stamp collector. He's spent as much as $3 million collecting every stamp produced by the US from 1847 to 1869, and some of his collections have sold for up to $500,000. Gross was once a professional blackjack player. He turned $200 into $10,000 in a four-month stint in Vegas. It paid for his UCLA business-school tuition. He has a penchant for Hermès ties, which range from $140 to $305. But Gross has an even greater affinity for giving away his money. Bloomberg has called him one of the biggest philanthropists. He's donated as much as $700 million and said he plans to donate his remaining millions. He once told Bloomberg the amount of his fortune was "staggering, even to me." He mostly donates through the William and Sue Gross Family Foundation, which supports healthcare, medical research, and education. The foundation donated more than $21 million in 2018. He donated the $81 million he received in a settlement with Pimco in a wrongful-dismissal lawsuit to the foundation. Much of his donations go toward health: $20 million to Hoag Memorial Hospital Presbyterian in Newport Beach, $20 million to Cedars-Sinai Medical Center in Los Angeles, $20 million to the medical charity Mercy Ships, and $10 million to Mission Hospital in Laguna Beach. The William and Sue Gross Family Foundation committed $40 million toward establishing the Sue and Bill Gross School of Nursing at the University of California. Gross has also donated $23.5 billion to his alma mater, Duke University, for financial aid. He's also given to arts and culture organizations, donating $10 million to the Smithsonian Institution for a stamp-collecting gallery. He and Sue Gross wrote anonymous $15,000 checks to workers laid off from NASA's Space Shuttle program in 2012. That's not to mention personal gifts he and Sue Gross reportedly gave American families in need. Bill Gross has also given to worldwide charitable efforts. He worked with GiveDirectly, which donates to poor people in Africa. He also donated more than $19 million to the Millennium Villages Project, which focuses on the causes of extreme poverty in Africa. Gross says he plans to work with charitable organizations during his retirement.

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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 (1)

  • "Bond King" Bill Gross is retiring after more than 40 years in the financial industry.
  • Gross has amassed a $1.5 billion net worth, according to Forbes — at one point, his fortune was at least $2.5 billion.
  • About $1.3 billion of his fortune went to his ex-wife, Sue Gross, following a nasty divorce.
  • Gross largely spends his fortune on real estate and philanthropy.

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 (2)

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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 (4)

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"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 $2.5 billion at one point. After he was embroiled in a nasty divorce, his estimated net worth dropped to $1.5 billion — but that's nothing to scoff at.

Aside from the $1.3 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.

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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 $700 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 organizations during retirement.

Below, see how Gross spends his fortune.

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"Bond King" Bill Gross has an estimated net worth of $1.5 billion.

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 (5)

Jim Young/Reuters

Source: Forbes

Gross founded the investment-management firm Pimco in 1971. The firm would eventually reach a peak of $2 trillion in assets under management, and Gross' personal bank account grew with it.

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 (6)

Mike Blake/Reuters

Source: Forbes, Business Insider

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In 1999, the German insurer Allianz bought Pimco, and Gross began earning a $200 million annual salary. In 2013, he received a $290 million bonus.

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 (7)

Source: Bloomberg, Business Insider

In 2014, Gross left to join the asset-management firm Janus Henderson, where he managed a smaller portfolio of $1.5 billion.

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 (8)

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.

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 (9)

Source: Bloomberg

However, Gross used to be worth even more. His fortune reached $2.5 billion in 2017.

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 (10)

Lucy Nicholson/Reuters

Source:Business Insider

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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.

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 (11)

Lucy Nicholson/Reuters

Source: Forbes

She received more than $1.3 billion and two of their cats.

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 (12)

REUTERS/Jim Young

Source: Forbes

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The Grosses acquired quite the collection of heirlooms during their marriage, including antique clocks, luxury cars, and a $56 million art collection — half of which Sue Gross received in the divorce.

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 (13)

Source: Business Insider, Forbes

Their art collection included Picasso's "Les Repos," which sold for $36.92 million at Sotheby's auction house.

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 (14)

Source: Business Insider

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But Bill Gross' biggest collection is real estate.

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 (15)

REUTERS/Jim Young

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.

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 (16)

Source: Yolanda's Little Black Book

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Gross also owns a compound in Indian Wells, California. He reportedly purchased a lot there for $2.5 million in 1995 and built an 11,316-square-foot mansion with an infinity pool.

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 (17)

Source: Yolanda's Little Black Book

In 2002, Gross reportedly paid $20 million for a mansion on 17 Mile Drive in Pebble Beach, California. He later sold it for $16.5 million, suffering a $3.5 million loss.

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 (18)

travelview/Shutterstock

Source: Yolanda's Little Black Book

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In 2009, he bought a bayfront home in Newport Beach for $23 million and tried to flip it. It reportedly sold for $20.8 million in April 2014.

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 (19)

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

In 2011, Gross bought Jennifer Aniston's Beverly Hills home for a reported $37 million.

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 (20)

Business Insider

Source: Business Insider

In 2014, he bought two houses across the street and next door to his Irvine Cove mansion for $19.8 million and $16 million — a total of $35.8 million, all in cash.

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 (21)

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.

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 (22)

Johnny Adolphson/Shutterstock

Source: Business Insider

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In 2018 during the divorce, Bill and Sue Gross separately spent nearly $150 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.

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 (23)

Source: The Real Deal

Bill Gross paid $32 million for a house on the Pacific Coast Highway and $36 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.

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 (24)

Source: The Real Deal, Orange County Register

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Sue Gross was awarded a $70 million package of three homes they owned during their 30-year marriage, including their $36 million Laguna Beach house.

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 (25)

Source: The Real Deal, Forbes

Bill Gross hired private security guards during the divorce.

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 (26)

Source: Business Insider

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

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 (27)

Valery Sharifulin/Getty Images

Source: Business Insider

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

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 (28)

REUTERS/Robert Galbraith

Source: Business Insider

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Gross is also an avid stamp collector. He's spent as much as $3 million collecting every stamp produced by the US from 1847 to 1869, and some of his collections have sold for up to $500,000.

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 (29)

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

Source: Business Insider

Gross was once a professional blackjack player. He turned $200 into $10,000 in a four-month stint in Vegas. It paid for his UCLA business-school tuition.

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 (30)

MARTIN BUREAU/Getty Images

Source: Business Insider, Reuters

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He has a penchant for Hermès ties, which range from $140 to $305.

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 (31)

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.

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 (32)

Reuters

Source: Bloomberg

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He's donated as much as $700 million and said he plans to donate his remaining millions. He once told Bloomberg the amount of his fortune was "staggering, even to me."

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 (33)

BloombergTV via YouTube

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 $21 million in 2018.

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 (34)

Jim Young/Reuters

Source: Bloomberg, Business Insider

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He donated the $81 million he received in a settlement with Pimco in a wrongful-dismissal lawsuit to the foundation.

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 (35)

Source: Forbes

Much of his donations go toward health: $20 million to Hoag Memorial Hospital Presbyterian in Newport Beach, $20 million to Cedars-Sinai Medical Center in Los Angeles, $20 million to the medical charity Mercy Ships, and $10 million to Mission Hospital in Laguna Beach.

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 (36)

FG/Bauer-Griffin/Getty Images

Source: Bloomberg

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The William and Sue Gross Family Foundation committed $40 million toward establishing the Sue and Bill Gross School of Nursing at the University of California.

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 (37)

Source: Los Angeles Times

Gross has also donated $23.5 billion to his alma mater, Duke University, for financial aid.

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 (38)

Chadarat Saibhut/Shutterstock

Source: Forbes, Bloomberg

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He's also given to arts and culture organizations, donating $10 million to the Smithsonian Institution for a stamp-collecting gallery.

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 (39)

Kevin Lamarque/Reuters

Source: Business Insider

He and Sue Gross wrote anonymous $15,000 checks to workers laid off from NASA's Space Shuttle program in 2012.

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 (40)

David McNew/Getty Images

Source: Business Insider

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

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 (41)

Source: Bloomberg

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

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 (42)

PIUS UTOMI EKPEI/Getty Images

Source: Bloomberg

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He also donated more than $19 million to the Millennium Villages Project, which focuses on the causes of extreme poverty in Africa.

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 (43)

Getty Images

Source: Inside Philanthropy

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

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 (44)

Source: Business Insider

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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 (2024)
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