Bill Gross is an investor from the United States who is one of the founders of Pacific Investment Management Co. He is a fund manager as well as a philanthropist. In 2014, he joined Janus Capital Group which is an investment firm. He is an author and has written two books in his career. Gross has also been a naval officer in the coast of Vietnam. Here is a quick summary of Bill Gross’s net worth in 2018, career and earnings.
Bill Gross Early Life
William Hunt Gross, better known as “Bill H. Gross” is the son of Sewell Mark and Shirley Gross. He was born on 13 April 1944, in Middletown, Ohio. He spent his childhood in San Francisco and is a Presbyterian.
After completing his high school, he went to Duke University for his bachelor’s degree in psychology. Later, he went to the University of California’s Anderson School of Management for his MBA degree.
In 1968, Bill Gross got married to Pamela Roberts. They are the parents of Jennifer and Jeff. After divorcing Roberts, he got married to Sue J. Frank in 1985. They have a son named Nick. Gross is a collector of the stamp. He has a complete collection of U.S. postage stamps.
Gross is also active in philanthropy and has donated $23.5 million in 2005 to Duke University. He has made financial contributions worth millions to Médecins Sans Frontières, Hoag Memorial Hospital Presbyterian for Women, University of California, Sue and Bill Gross Surgery and Procedure Center, and Mercy Ships.
Bill Gross Career, Awards & Achievement
From 1971 to 1976, Bill Gross worked as an investment analyst at the Pacific Mutual Life. He is the co-founder of PIMCO (Pacific Investment Management Company) along with Bill Podlich and Jim Muzzy. He has also served as the chairman of PIMCO Foundation. He was associated with the company till 2014.
In 1997, he released the book ‘Bill Gross on Investing’. The following year, Gross came up with the book entitled ‘Everything You’ve Heard About Investing is Wrong!’. He has also written many articles regarding the bond market for media and national publications.
In 2014, Gross joined Janus Capital Group and started the management of Janus Global Unconstrained Bond Fund. In the fund, he has invested over $700 million. He has also held the flagship of PIMCO called ‘Total Return fund’ which has assets of $158 million.
In 2011, he spoke in Chicago in an investor conference. He has delivered speeches for long-term gains. He has talked about how to take risks in short-term investments.
Awards & Achievements
Bill Gross is a very successful entrepreneur. He has been named as ‘Fixed Income Manager of the Decade’ by Morningstar. He is also a three-time winner of the Fixed Income Manager of the Year. In 2000, he won the Bond Market Association’s Distinguished Service Award. In 1996, he was inducted into the Fixed Income Analysts Society’s Hall of Fame. He has also been inducted into the Futures Hall of Fame in 2009.
Net Worth of Bill Gross
The estimated net worth of Bill Gross is more than $3 billion. Thanks to his career as an investor that he is able to make this mammoth fortune. He is one of the self-made billionaires of the world. He successfully co-founded Pacific Investment Management Co and has successfully lead their Total Return Fund worth $270 billion. He has done a lot for philanthropy and has made financial contributions worth millions of dollars. Bill Gross is also a top prominent investor in Transcendental Meditation.
Bill Gross is one of the most popular sports journalists in the world. He has done a lot for charity and has made a lot of donations. He also donated $20 million for the creation of Sue and Bill Gross Surgery and Procedure Center. He is a very successful investor who has received several honors.