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

Bill Gross, the

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Bill Gross, the “Bond King,” is retiring with a net worth of $1.5 billion.
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REUTERS/Jim Young

“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.

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.


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

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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.

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Mike Blake/Reuters

Source: Forbes, Business Insider


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.

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REUTERS/Jim Young

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.

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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.

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Bill Gross
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CNBC

Source: Bloomberg


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

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Lucy Nicholson/Reuters

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.

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Lucy Nicholson/Reuters

Source: Forbes


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

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REUTERS/Jim Young

Source: Forbes


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.

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REUTERS/Jim Young

Source: Business Insider, Forbes


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

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Photo by Dan Kitwood/Getty Images

Source: Business Insider


But Bill Gross’ biggest collection is real estate.

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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.

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Irvine Cove.
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Cameron Cross/Shutterstock

Source: Yolanda’s Little Black Book


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.

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Indian Wells.
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FelipeS/Shutterstock

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.

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travelview/Shutterstock

Source: Yolanda’s Little Black Book


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.

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Newport Beach.
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Beach Media/Shutterstock

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


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

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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.

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Irvine Cove.
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TraceRouda/Getty Images

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.

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Johnny Adolphson/Shutterstock

Source: Business Insider


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.

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Laguna Beach.
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Beach Media/Shutterstock

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.

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The Pacific Coast Highway.
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Doug Meek/Shutterstock

Source: The Real Deal, Orange County Register


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.

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Laguna Beach.
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Jon Bilous/Shutterstock

Source: The Real Deal, Forbes


Bill Gross hired private security guards during the divorce.

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Janus

Source: Business Insider


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

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Valery Sharifulin/Getty Images

Source: Business Insider


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

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REUTERS/Robert Galbraith

Source: Business Insider


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.

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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.

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MARTIN BUREAU/Getty Images

Source: Business Insider, Reuters


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

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PIMCO / YouTube

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.

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Reuters

Source: Bloomberg


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.”

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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.

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Jim Young/Reuters

Source: Bloomberg, Business Insider


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

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REUTERS/Mike Blake

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.

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FG/Bauer-Griffin/Getty Images

Source: Bloomberg


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.

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

Source: Los Angeles Times


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

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Chadarat Saibhut/Shutterstock

Source: Forbes, Bloomberg


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

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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.

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David McNew/Getty Images

Source: Business Insider


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

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John Moore/Getty Images

Source: Bloomberg


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

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PIUS UTOMI EKPEI/Getty Images

Source: Bloomberg


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

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Getty Images

Source: Inside Philanthropy


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

Bill Gross, the

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REUTERS/Jim Young

Source: Business Insider