Bill Gross Net Worth is$1.3 Billion
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Profession: Businessperson, Entrepreneur
Date of Birth: 1958
Country: United States of America
Bill Gross is an American businessman, with a net worth of $1.3 billion. Bill Gross has earned his net worth as co-founder of Pacific Investment Management (PIMCO). Gross is known as a financial manager and investment author and also runs PIMCO's $252.2 billion Total Return Fund. He was born in Middletown, Ohio, on April 13, 1944. His father, Sewell M. Gross, was a sales manager for AK Steel Holding, and his mother, Shirley, was a homemaker. He grew up as a Presbyterian, and graduated from Duke University with a degree in psychology, in 1966. In college, he was part of the Phi Kappa Psi. He later joined the Navy and went on to receive an MBA from the University of California, in Los Angeles, in 1971. Bill has written two popular-market books on investing, "Bill Gross on Investing" and "Everything You've Heard About Investing is Wrong." He had a short career in Las Vegas, as a blackjack player, and used many of his gambling methods for spreading risk and calculating odds in his business investment decisions. He is an avid stamp collector and he recently purchased the former home of actress Jennifer Aniston, for a reported $42 million. In 2005, he formed a complete collection of 19th century United States postage stamps. He is only the third person to do so. As one of the world's largest mutual fund managers, his focus is mostly on bonds. He has been called "the nation's most prominent bond investor" by the New York Times. In September 2008, after which he had lobbied for the Federal takeover of Fannie Mae and Freddie Mac. Gross netted $1.7 billion, due to holding large positions in agency backed mortgage bonds of Fannie Mae and Freddie Mac. Gross is a charitable man, $20 million dollars, of his $23.5 million donation to Duke University, was set aside for financial aid, in 2005.
William Hunt "Bill" Gross (born April 13, 1944) is an American financial manager and investment author who co-founded Pacific Investment Management (PIMCO). Gross also runs PIMCO's $252.2 billion Total Return Fund.
Gross was born in Middletown, Ohio, the son of Shirley, a homemaker, and Sewell M. Gross, a sales manager for AK Steel Holding. He was raised a Presbyterian. His family moved to San Francisco in 1954. Gross graduated from Duke University in 1966 with a degree in psychology. At Duke he joined Phi Kappa Psi. He then served in the Navy and earned an MBA from the UCLA Anderson School of Management in 1971. Gross briefly played blackjack professionally in Las Vegas, and has said that he applies many of his gambling methods for spreading risk and calculating odds to his investment decisions. He is also a CFA Charterholder, earning his credentials while working as an investment analyst for Pacific Mutual Life between 1971 and 1976.
Gross manages one of the world's largest mutual funds, focusing mostly on bonds. Called "the nation's most prominent bond investor" by the New York Times, he co-founded Pacific Investment Management (PIMCO) and currently manages PIMCO's Total Return fund (the world's largest bond fund and fifth largest mutual fund) and several smaller ones.
In the 1990s he authored two popular-market books on investing, Bill Gross on Investing and Everything You've Heard About Investing is Wrong. In September 2008, by holding large positions in agency backed mortgage bonds of Fannie Mae and Freddie Mac, Gross's funds netted U.S. $1.7 billion after the Federal takeover of Fannie Mae and Freddie Mac for which he had lobbied[citation needed].
According to Forbes, in 2011, he is the 564th richest person in the world, with a net worth of $2.1 billion.
Gross is Married to Sue J. Gross. They have two children together.
Gross is also a prominent stamp collector. As of November 2005, he became the third person (after Robert Zoellner in the 19

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