NPR

The Strange Billionaire Who Revolutionized The Bond Market

A new book looks at the rise and fall of "The Bond King." It's a wild ride.
Source: PATRICK T. FALLON

I never gave much thought to Bill Gross, the peculiar billionaire investor who transformed the world of finance. That is, until a couple years ago, when my partner, Evelyn, told me a wild story about him. Evelyn grew up in Laguna Beach, California. Her family still lives there. As it happens, Bill also lives there.

The story begins in 2019, when Bill and his partner, Amy, bought a $1-million lawn sculpture, which they placed on the edge of their property — right near their neighbor's house.

The 22-foot-long, 10-foot-high sculpture by artist Dale in a year — was made of blue glass. And, apparently, it began getting damaged by the elements or by passersby throwing rocks, or something like that, so Bill and Amy covered the sculpture with a net.

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