Bill Gross is known as the “America’s most prominent bond investor” a name given by The New York Times. He co-founded Pacific Investment Management Company, LLC a financial service company. He later joined Janus Capital Group Inc. Now, the company is known as Janus Henderson after the merger of all stocks of Janus Capital Group and Henderson Group in May 2017. Here are the complete details about the career, biography and the net worth of Bill Gross in 2019.
Early Life & Biography:
The investor was born on April 13, 1944, in Middletown, Ohio state of US. His mother was a homemaker. Her name was Shirley. The father’s name was Sewell Mark Gross. He was a sales executive for AK Steel Holding. His family origin belongs to Winnipeg, Canada. Bill grew up in San Francisco in 1954.
He completed his graduation with a degree in Psychology from Duke University in 1966. During his college days, Bill became a member of Phi Kappa Psi. He gets his MBA degree from the Anderson School of Management at the University of California, Los Angeles in 1971. Gross played blackjack in Las Vegas, Nevada. He admits that he uses the gambling experience for spreading risk and calculating odd for the investment decision.
Bill married Pamela Roberts in 1968. He has two children from the first marriage. They are Jeff Gross and Jennifer Gross. The couple separated in 1985. He later married Sue J Frank. He has one son from the second marriage. His name is Nick Gross. The couple is recently involved in a fierce battle of divorce. Bill loves stamp collection. Recently, he made the complete collection of 19th century United States postage stamps.
Career, Awards & Nominations:
Bill Gross started his career as an Investment Analyst for Pacific Mutual Life in 1971. He earned CFA while working in the company. Bill rose to prominence when he co-founded Pacific Investment Management Company, LLC. The man managed one of the world’s most substantial mutual funds, focus on bonds. He looked PIMCO’s Total Return Fund till his departure in September 2014. He later joins Janus Capital Group as the Portfolio Manager.
Bill has a keen interest in philanthropy. He has donated millions of dollars for education and health. He has given $23.5 million to the Duke University and $9.1 million to Doctors without Borders in 2006. Bill sold his Scandinavian and Finnish collections to fund Jeffrey Sachs Millennium Villages Project at Columbia University. He is the first portfolio manager inducted as Fixed Income Analysts Society’s Hall of Fame in 1996. Bill is awarded the Money Management Lifetime Achievement Award in the year 2011 by Institutional Investor Magazine.
Net Worth & Earnings:
How much will be the net worth of a person who is a prudent financial investor and fund manager in his career? He has made a deal worth millions of dollars with PIMCO. He is known to have an estimated net worth of over $2.6 billion. He is the most successful investor in America. Currently, he is the portfolio manager of the Janus Henderson Global Unconstrained Bond and Total Return strategies. He is the author of two finance books “Everything You’ve Heard About Investing is Wrong!” and “Bill Gross on Investing.” These books bring passive income to him.
Bill is a great American investor and philanthropist. He is the genius of the bond market. The stamp collection is his hobby. The list of his philanthropy is endless. He keeps donating the large part of his money for the welfare of the society in the field of education and health.