Bill Gross is an American businessman, investor and entrepreneur. He is the founder and CEO of Idealab, a company he started in 1996.
Bill Gross also founded eToys which was the first Internet-based toy retailer.
Bill Gross has been ranked as one of the most influential people in technology on several occasions by publications such as Forbes and Fortune Magazine.
He has been awarded the Ernst & Young Entrepreneur of the Year Award for Northern California in 2000 and the Silicon Valley Entrepreneur of the Year Award in 2001.
In 2004, Bill Gross donated $5 million to his alma mater, Stanford University to establish a scholarship for undergraduate students from disadvantaged backgrounds who are interested in entrepreneurship.
Quick Facts about Bill Gross
Some quick facts about Bill Gross are listed below:
|Full Name||William Hunt Gross|
|Net Worth||$1.5 Billion|
|Birth Date||April 13, 1944|
|Birth Place||Middletown, Ohio, U.S.|
|Nick Name||Bond KingBill H. Gross|
|Education||Duke University, Anderson School, California University|
|Father’s Name||Sewell Mark Gross|
|Mother’s Name||Shirley Gross|
|Residence||Laguna Beach, CA|
|Age||77 Years Old|
|Height||183 cm / 6 ft. / 1.83 m.|
|Weight||165 lbs / 75 kg / 11.81 st|
|Spouse (s)||Amy Schwartz Gross (m. 2021)Sue J. Frank, (m . 1985 – 2017)Pamela Roberts, (m . 1968- 1984)|
|Years Active||1971- present|
|Children||Nick Gross, (son)Jeff Gross, (son)Jennifer Gross, (daughter)|
|Profession||Investor, fund manager, and philanthropist|
|Awards||Маnаgеr оf thе YеаrFіхеd Іnсоmе Аnаlуѕtѕ Ѕосіеtу’ѕ Наll оf FаmеВоnd Маrkеt Аѕѕосіаtіоn’ѕ Dіѕtіnguіѕhеd Ѕеrvісе Аwаrd|
|Last Update||February 2022|
Bill Gross’ Net Worth
Bill Gross is a wealthy businessman with a net worth of $1.5 billion as of February 2022.
Gross is a rock star in the financial world. He formerly oversaw hundreds of billions of dollars, and his bets had the power to shape or destroy countries’ fates.
Similarly, Pacific Investment Management Company, his enterprise, oversees $2 trillion in assets.
After the federal government took over Fannie Mae and Freddie Mac in September 2008, Bill gained $1.7 billion. He has a significant amount of money invested in these agency-backed mortgage bonds.
Bill Gross’ Net Worth in Different Currencies
|Pound Sterling||£ 1,113,202,500|
|Australian Dollar||A$ 2,090,869,500|
|Canadian Dollar||C$ 1,920,135,000|
|Indian Rupee||₹ 112,925,250,000|
How much is Bill Gross Income?
At one time in his life, Bill Gross was a professional blackjack player. He went from $200 to $10,000 over a four-month stay in Vegas.
After Allianz bought Pimco in 1999, he started receiving a $200 million yearly pay. In 2013, he was awarded a $290 million bonus.
However, in 2014, the bond king left Pimco to join the asset management firm Janus Henderson, where he was in charge of a $1.5 billion fund.
A portion of Gross’ wealth is also invested in the Janus Global Unconstrained Bond Fund, closed-end municipal bond funds, and Procter & Gamble and Johnson & Johnson equities.
Bill Gross’ Houses
In Indian Wells, California, Bill Gross has a residence. He is accused of paying $2.5 million for a block of property in 1995 and building an 11,316-square-foot mansion with an infinity pool.
Gross spent $20 million in 2002 for a property on Pebble Beach’s 17 Mile Drive. He ultimately sold it for $16.5 million, a $3.5 million loss.
In 2009, he purchased a $23 million bayfront property in Newport Beach with the intention of flipping it. It was reported to have sold for $20.8 million in April of 2014.
In addition, for a total of $35.8 million in cash, the renowned businessman paid $19.8 million and $16 million for two properties across the street and next door to his Irvine Cove property in 2014.
How does Bill Gross live his life?
Bill Gross married Pamela Roberts in 1968, and the couple had two children. Eventually, though, they split up.
In 1985, he married Sue J. Frank, with whom he had a son, Nick. They filed for divorce in the year 2018.
Amy Schwartz has been referred to be his life partner since then, and the two married in 2021.
Kenny Loggins, a singer-songwriter and guitarist, performed at the successful businessman’s 50th birthday party for Schwartz at his house.
Bill is an enthusiastic amateur golfer. He was part of a group that featured Tiger Woods and other pros at the AT&T Pro-Am at Pebble Beach.
In addition, as part of his West Coast lifestyle, Gross likes performing yoga.
He is also an avid stamp collector, having amassed a full collection of 19th century United States postal stamps in 2005. He is only the third person in history to achieve this feat.
In October of the same year, the lucky investor paid $2.97 million for a unique plate block of the classic 1918 24 cent U.S. airmail stamps known as the “Inverted Jenny.”
Bill Gross Donations and Charity Work
Bill gave the University of California, Irvine, $10 million to assist stem cell research and the creation of a new research centre.
Sue and Bill Gross Stem Cell Research Center was named after them when it debuted in 2010.
In addition, he contributes the proceeds from the sale of his stamp collection to charity.
His stamp collections from the UK, the British Commonwealth, Western Europe, Scandinavia, the Confederate States of America, Switzerland, and Hawaii total more than $26 million.
Among the organizations to which he plans to donate are Doctors Without Borders and The New York Times Neediest Cases.
Bill Gross’ Investments
Gross began his career as a blackjack dealer in Las Vegas, Nevada, and has indicated that he employed many of his gambling tactics in his investing selections for risk management and odds calculation.
Bill Gross worked for Pacific Mutual Life as an investment analyst from 1971 to 1976, pursuing a career in investing and fund administration. In the interim, he completed his Certified Financial Analyst (CFA) program.
From 1976 to 1978, Gross was the Vice President of PML’s fixed income securities section. He was the Managing Director and Chief Investment Officer of the Pacific Investment Management Company (PIMCO) from 1971 until 2014.
While at Pimco, where he controlled the most bond money in the world, Gross counselled the Treasury on the role of subprime mortgage bonds during the 2008 financial crisis.
The Bond King actively traded in and out of positions, aggressively moved into new areas including junk bonds and emerging markets, and used its rising clout to persuade banks to offer them greater bids.
He worked with Janus Henderson as a global macro bond fund manager until March 2019, when he retired.