Bill Gross is retiring with a $1.5 billion net worth - see how the 'Bond King' spends his fortune, from a $1.3 billion divorce to a massive real-estate portfolio

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bill grossREUTERS/Jim Young

"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.

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"Bond King" Bill Gross has an estimated net worth of $1.5 billion.

"Bond King" Bill Gross has an estimated net worth of $1.5 billion.

Source: Forbes

Gross cofounded investment management firm Pimco in 1971. The firm would grow to reach a peak of $2 trillion in assets under management, and Gross's personal bank account grew with it.

Gross cofounded investment management firm Pimco in 1971. The firm would grow to reach a peak of $2 trillion in assets under management, and Gross's personal bank account grew with it.

Source: Forbes, Business Insider

In 1999, German insurer Allianz bought Pimco, and Gross began earning a $200 million annual salary. In 2013, he received a $290 million bonus.

In 1999, German insurer Allianz bought Pimco, and Gross began earning a $200 million annual salary. In 2013, he received a $290 million bonus.

Source: Bloomberg, Business Insider

In 2014, Gross left to join asset management firm Janus Henderson, where he managed a smaller portfolio of $1.5 billion.

In 2014, Gross left to join asset management firm Janus Henderson, where he managed a smaller portfolio of $1.5 billion.

Source: Forbes, Bloomberg

Some of Gross's fortune is invested in the Janus Global Unconstrained Bond Fund, as well as closed-end municipal bond funds and stocks in Procter & Gamble Co. and Johnson & Johnson.

Some of Gross's fortune is invested in the Janus Global Unconstrained Bond Fund, as well as closed-end municipal bond funds and stocks in Procter & Gamble Co. and Johnson & Johnson.

Source: Bloomberg

However, Gross used to be worth even more. His fortune reached $2.5 billion in 2017.

However, Gross used to be worth even more. His fortune reached $2.5 billion in 2017.

Source: Business Insider

A messy divorce with his wife, Sue, that went on for two-plus years, caused him to drop off The Forbes 400 in 2018.

A messy divorce with his wife, Sue, that went on for two-plus years, caused him to drop off The Forbes 400 in 2018.

Source: Forbes,

She received more than $1.3 billion and two of their cats.

She received more than $1.3 billion and two of their cats.

Source: Forbes

The Grosses acquired quite the collection of heirlooms during their marriage, including antique clocks, luxury cars, and a $56 million art collection — half of which Sue received in the divorce.

The Grosses acquired quite the collection of heirlooms during their marriage, including antique clocks, luxury cars, and a $56 million art collection — half of which Sue received in the divorce.

Source: Business Insider, Forbes

This art collection included Picasso's "Les Repos," which sold for $36.92 million at Sotheby's auction house.

This art collection included Picasso's "Les Repos," which sold for $36.92 million at Sotheby's auction house.

Source: Business Insider

But Gross's biggest collection is real estate.

But Gross's biggest collection is real estate.

Gross purchased a 13,819 square-foot property in Laguna Beach's Irvine Cove back in 1988. While it's unknown how much he paid for it, it has six bedrooms and eight bathrooms.

Gross purchased a 13,819 square-foot property in Laguna Beach's Irvine Cove back in 1988. While it's unknown how much he paid for it, it has six bedrooms and eight bathrooms.

Source: Yolanda's Little Black Book

Gross also owns a compound in Indian Wells, California. He reportedly purchased a lot there for $2.5 million in 1995 and built a 11,316 square-foot mansion with an infinity pool.

Gross also owns a compound in Indian Wells, California. He reportedly purchased a lot there for $2.5 million in 1995 and built a 11,316 square-foot mansion with an infinity pool.

Source: Yolanda's Little Black Book

In 2002, Gross reportedly paid $20 million for a mansion on 17 Mile Drive in Pebble Beach, California. He later sold it for $16.5 million, suffering a $3.5 million loss.

In 2002, Gross reportedly paid $20 million for a mansion on 17 Mile Drive in Pebble Beach, California. He later sold it for $16.5 million, suffering a $3.5 million loss.

Source: Yolanda's Little Black Book

In 2009, he bought a bayfront home in Newport Beach for $23 million and tried to flip it. It reportedly sold for $20.8 million in April 2014.

In 2009, he bought a bayfront home in Newport Beach for $23 million and tried to flip it. It reportedly sold for $20.8 million in April 2014.

Source: The Wall Street Journal, Yolanda's Little Black Book

In 2011, Gross bought Jennifer Aniston's Beverly Hills home for a reported $37 million.

In 2011, Gross bought Jennifer Aniston's Beverly Hills home for a reported $37 million.

Source: Business Insider

In 2014, he bought two houses across the street and next door to his Irvine Cove mansion for $19.8 million and $16 million, respectively — a total of $35.8 million, all in cash.

In 2014, he bought two houses across the street and next door to his Irvine Cove mansion for $19.8 million and $16 million, respectively — a total of $35.8 million, all in cash.

Source: Yolanda's Little Black Book

He and Sue also owned a home in Corona del Mar and a condo in Park City, Utah.

He and Sue also owned a home in Corona del Mar and a condo in Park City, Utah.

Source: Business Insider

In 2018 during the divorce, Gross and Sue separately spent nearly $150 million buying four homes in Laguna Beach over the course of one month in a bidding war, bringing their total home count in the area up to seven.

In 2018 during the divorce, Gross and Sue separately spent nearly $150 million buying four homes in Laguna Beach over the course of one month in a bidding war, bringing their total home count in the area up to seven.

Source: The Real Deal

Gross paid $32 million for a house on the Pacific Coast Highway and $36 million for a 5,500 square-foot oceanfront house in Laguna Beach's Irvine Cove. It was the third-highest price ever paid for a single home in Orange County.

Gross paid $32 million for a house on the Pacific Coast Highway and $36 million for a 5,500 square-foot oceanfront house in Laguna Beach's Irvine Cove. It was the third-highest price ever paid for a single home in Orange County.

Source: The Real Deal, The Orange County Register

Sue was awarded a $70 million package of three homes they owned during their 30-year marriage, including their $36 million Laguna Beach house.

Sue was awarded a $70 million package of three homes they owned during their 30-year marriage, including their $36 million Laguna Beach house.

Source: The Real Deal, Forbes

Gross had hired private security guards during the divorce.

Gross had hired private security guards during the divorce.

Source: Business Insider

As part of his West Coast lifestyle, Gross loves to practice yoga.

As part of his West Coast lifestyle, Gross loves to practice yoga.

Source: Business Insider

He also plays golf, having played at The Vintage Club and Big Canyon Country Club.

He also plays golf, having played at The Vintage Club and Big Canyon Country Club.

Source: Business Insider

Gross is also an avid stamp collector. He's spent as much as $3 million collecting every stamp produced by the US from 1847 to 1869, and some of his collections have sold for up to $500,000.

Gross is also an avid stamp collector. He's spent as much as $3 million collecting every stamp produced by the US from 1847 to 1869, and some of his collections have sold for up to $500,000.

Source: Business Insider

Gross was once a professional blackjack player. He turned $200 into $10,000 after a four-month stint in Vegas. It paid for his UCLA business school tuition.

Gross was once a professional blackjack player. He turned $200 into $10,000 after a four-month stint in Vegas. It paid for his UCLA business school tuition.

Source: Business Insider, Reuters

He has a penchant for Hermès ties, which range from $140 to $305.

He has a penchant for Hermès ties, which range from $140 to $305.

Source: Business Insider, Hermés

But Gross has an even greater affinity for giving his money away. Bloomberg called him one of the world's biggest philanthropists.

But Gross has an even greater affinity for giving his money away. Bloomberg called him one of the world's biggest philanthropists.

Source: Bloomberg

He's donated as much as $700 million, and plans to donate his remaining billions. He told Bloomberg the amount was "staggering, even to me."

He's donated as much as $700 million, and plans to donate his remaining billions. He told Bloomberg the amount was "staggering, even to me."

Source: Bloomberg

He mostly donates through the Sue and Bill Gross Foundation, which supports healthcare, medical research, and education. The foundation donated more than $21 million in 2018.

He mostly donates through the Sue and Bill Gross Foundation, which supports healthcare, medical research, and education. The foundation donated more than $21 million in 2018.

Source: Bloomberg, Business Insider

Upon receiving $81 million in a settlement with PIMCO for wrongful dismissal, he donated the money to the Sue and Bill Gross Foundation.

Upon receiving $81 million in a settlement with PIMCO for wrongful dismissal, he donated the money to the Sue and Bill Gross Foundation.

Source: Forbes

Much of his donation go towards health: $20 million to Hoag Memorial Hospital Presbyterian, $20 million to Cedars-Sinai Medical Center in Los Angeles, $20 million to medical charity Mercy Ships, and $10 million to Mission Hospital in Laguna Beach.

Much of his donation go towards health: $20 million to Hoag Memorial Hospital Presbyterian, $20 million to Cedars-Sinai Medical Center in Los Angeles, $20 million to medical charity Mercy Ships, and $10 million to Mission Hospital in Laguna Beach.

Source: Bloomberg

The William and Sue Gross Family Foundation committed $40 million toward establishing the Sue and Bill Gross School of Nursing at the University of California.

The William and Sue Gross Family Foundation committed $40 million toward establishing the Sue and Bill Gross School of Nursing at the University of California.

Source: Los Angeles Times

Gross has also donated $23.5 billion to his alma mater, Duke University, for providing financial aid.

Gross has also donated $23.5 billion to his alma mater, Duke University, for providing financial aid.

Source: Forbes, Bloomberg

He's also given to arts and culture, donating $10 million to the Smithsonian Institution for a stamp-collecting gallery.

He's also given to arts and culture, donating $10 million to the Smithsonian Institution for a stamp-collecting gallery.

Source: Business Insider

He and Sue wrote anonymous $15,000 checks to workers laid off from NASA's Space Shuttle program in 2012.

He and Sue wrote anonymous $15,000 checks to workers laid off from NASA's Space Shuttle program in 2012.

Source: Business Insider

That's not to mention personal gifts he and Sue reportedly made toward American families in need.

That's not to mention personal gifts he and Sue reportedly made toward American families in need.

Source: Bloomberg

Gross has also made worldwide charitable efforts. He worked with GiveDirectly, which donates to Africa's poor.

Gross has also made worldwide charitable efforts. He worked with GiveDirectly, which donates to Africa's poor.

Source: Bloomberg

He also donated more than $19 million to the Millennium Villages Project, which focuses on the causes of extreme poverty in Africa.

He also donated more than $19 million to the Millennium Villages Project, which focuses on the causes of extreme poverty in Africa.

Source: Inside Philanthropy

Gross says he plans to work with charitable organizations during his retirement.

Gross says he plans to work with charitable organizations during his retirement.

Source: Business Insider

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