REUTERS/Jim Young
"Bond King" Bill Gross is retiring with a net worth of $1.5 billion.
- "Bond King" Bill Gross is retiring after more than 40 years in the financial industry.
- Gross has amassed a $1.5 billion net worth, according to Forbes - at one point, his fortune reached at least $2.5 billion.
- About $1.3 billion of his fortune went to ex-wife Sue Gross following a nasty divorce.
- Gross largely spends his fortune on real estate and philanthropy.
"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, according to a February 4 announcement. In 1971, Gross co-founded Pimco, where he served as the firm's managing director and chief investment officer. In 2014, he joined global asset management firm Janus Henderson.
During this time, Gross amassed a fortune that was worth at least $2.5 billion at one point. After finding himself embroiled in a nasty divorce, his net worth dropped to an estimated $1.5 billion - but that's nothing to scoff at.
Aside from the $1.3 billion that went to his now-ex-wife Sue Gross 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 plans to focus on working with charitable organizations during retirement.
Below, see how Gross spends his fortune.