Bill Gross Fast Facts

Here's a look at the life of Bill Gross, founder of PIMCO.Personal: Birth date: April 13, 1944B...

Posted: Mar 19, 2018 5:35 PM
Updated: Mar 19, 2018 5:35 PM

Here's a look at the life of Bill Gross, founder of PIMCO.

Personal: Birth date: April 13, 1944

Birthplace: Middleton, Ohio

Birth name: William Hunt Gross

Father: Sewell "Dutch" Gross, a steel company sales executive

Mother: Shirley Gross

Marriages: Sue (Frank) Gross (1985-present); Pamela Roberts Gross (divorced)

Children: with Sue Frank: Nick; with Pamela Roberts: Jeff and Jennifer

Education: Duke University, B.A. in Psychology, 1966; University of California at Los Angeles, M.B.A, 1971

Military: US Navy, 1966-1969

Other Facts: Billionaire, bond investor, philanthropist and avid stamp collector.

Founder, former co-chief investment officer and managing director of PIMCO, one of the world's largest mutual funds. Under Gross, PIMCO became the world's largest bond fund manager.

Timeline: 1966 - While recuperating from injuries suffered in a serious car accident, Gross teaches himself to count cards in blackjack. After college graduation, he turns $200 into $10,000 in four months.

1971 - Is hired as a junior bond analyst for Pacific Mutual Insurance Company.

1971 - PIMCO, Pacific Investment Management Company, is formed as a division of Pacific Mutual with colleagues William Podlich and James F. Muzzy.

1985 - PIMCO formally splits from Pacific Mutual.

2003 - Founds the William and Sue Gross Family Foundation, through which millions of dollars are donated to universities, hospitals and organizations.

2005 - Gross and his wife, Sue, give $23.5 million to Duke University for undergraduate and medical school students and for the Fuqua School of Business.

2006 - Donates $10 million to the University of California at Irvine for stem cell research and to help build a new research lab. The lab opens in 2010 and is named in their honor, Sue and Bill Gross Stem Cell Research Center.

2007 - A stamp collector since childhood, Gross auctions his collection of British stamps for $9.1 million and donates the proceeds to Doctors Without Borders.

2009 - Donates $8 million for the establishment of a stamp gallery at the Smithsonian's National Postal Museum in Washington, DC. The gallery is named in his honor, the William H. Gross Stamp Gallery, and will open in September 2013.

September 2014 - Gross unexpectedly resigns from PIMCO to join Janus Capital Group, where he manages the Janus Unconstrained Bond Fund.

July 1, 2015 - The Smithsonian Institution includes Gross's old Bloomberg keyboard in its American Enterprise exhibition at the National Museum of American History. The keyboard, used by Gross during the 1990s and 2000s, has function keys for accessing real-time financial information.

October 8, 2015 - Gross sues former employer PIMCO for hundreds of millions of dollars, alleging he was wrongfully ousted from the firm as part of a vast conspiracy. The lawsuit claims a "cabal" of PIMCO executives driven by a "lust for power, greed" and self-interest plotted for Gross's demise.

March 27, 2017 - Gross and PIMCO announce they reached an "amicable settlement" over his October 2015 lawsuit that alleged a "cabal" of executives had wrongfully removed him from power.

March 2018 - Forbes, in its annual list of the world's billionaires, estimates Gross's net worth at $1.9 billion.

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