Count Bill Gross among the world’s biggest philanthropists.
The bond investor has already given away as much as $700 million and eventually will donate his remaining $2 billion fortune, a figure that’s 'staggering, even to me', Gross said in an interview on Bloomberg Television.
“I define success differently now than five or ten years ago', Gross said in the interview recorded April 29 at his office in Newport Beach, California. 'Success in the early years was business-related, and asset growth-related, and of course, with family was related to how well your son or daughter was doing on the soccer field', Today, 'success becomes a function of what we can do with the rest of the world, to help others'.
Gross, 71, amassed his wealth as co-founder of Pacific Investment Management Co. and built his reputation as the 'bond king' by generating years of industry-leading returns as manager of the Pimco Total Return Fund.
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