Analysis Topic: Stock & Financial Markets

The analysis published under this topic are as follows.

Tuesday, May 12, 2015

Bill Gross Promises to Give "Everything" Away / Stock-Markets / Social Issues

By: Bloomberg

Bill Gross of Janus Capital sat down with Bloomberg Television's Erik Schatzker at his office in Newport Beach, California to discuss his new life, how he defines success and why he's giving away his multi-billion-dollar fortune.  On how much he's given away, Gross said: "I think to this point probably $600 million to $700 million."

Gross went on to say "We'll give everything that we have other than our home away to either philanthropic causes that I've talked about, or to the foundation." He said the amount he'll give away "is staggering, even to me."

On why he hasn’t talked more about his philanthropy, Gross said: "I guess Sue and I try and keep it quiet. We're not the--not that there's anything wrong with this,--but we're not the type to attend functions and parties and galas.  We like to work underneath so to speak.”