“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, he said on Monday. In 1971, Gross founded Pimco, where he served as the managing director and chief investment officer. In 2014, he joined the global asset-management firm Janus Henderson.
During that time, Gross amassed a fortune that was worth at least $2.5 billion at one point. After he was embroiled in a nasty divorce, his estimated net worth dropped to $1.5 billion— but that’s nothing to scoff at.
Aside from the $1.3 billion that went to his ex-wife 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 said he plans to focus on working with charitable organizations during retirement.
Below, see how Gross spends his fortune.