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. 
 

Early life and career
 

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.[6] 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, Nevada, 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,[8] he co-founded Pacific Investment Management (PIMCO) and currently manages PIMCO's Total Return fund (the world's largest bond 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[10] for which he had lobbied.
 

According to Forbes, in 2011, he is the 564th richest person in the world, with a net worth of $2.1 billion.
 

Personal life
 

Gross is Married to Sue J. Gross. They have two children together.[12]
 

Gross is also a prominent stamp collector. As of November 2005, he became the third person (after Robert Zoellner in the 1990s and Benjamin K Miller pre-1925) to form a complete collection of 19th century United States postage stamps. In October 2005, he purchased at auction for $2.97 million a unique plate block of the famous 1918 24-cent U.S. airmail stamps known as the "Inverted Jenny," featuring an engraving of a Curtiss JN-4 biplane printed upside-down. He then traded the Inverted Jenny Plateblock to Donald Sundman, President of Mystic Stamp Company, a stamp dealer, for a 1-cent 1868 "Z Grill" depicting Benjamin Franklin, thus completing Gross's 19th century collection.
 

In 2009, Gross bought a house on Harbor Island in Newport Beach, CA for $23 million and then tore it down.
 

In July 2011, Gross purchased the former home of actress Jennifer Aniston for a reported $42 million.
 

Philanthropy
 

In 2005, Gross donated $23.5 million to Duke University, $20 million of which was set aside for financial aid.
 

In 2006, Gross donated to Médecins Sans Frontières the 9.1 million U.S. dollars that he earned from the auction at Shreves Philatelic Galleries of his British philatelic collections.His Scandinavian and Finnish collections were sold by Spink auction house in May 2008 to make a donation to the Millennium Villages Project.