The manager of the biggest stock fund in the world is in his way to collect $5 million or even more with the stamps he bought for $2 million mostly in 2000. His fund of $104,000 million, Total Return Fund, had an annual rent of 6.9 percent in the last ten years.
The value of the collectable objects is going very high according to the millionaire who always looks for alternative investments or trophies. As an example, Stanley Ho, the casino businessman from Macao, paid $1.8 million in May for the throne of emperor Kangxi, which was sold in 1994 for $43,700. Gross’ stamps can collect up to triple the price paid for them seven years ago.
Gross, who is 63 years old, investment director of the Pacific Investment Management Co. of Newport Beach, state of California, didn’t have time to chat about his stamps.
Bill Gross is very popular within the finance world; besides this is a benefit auction and it has some other rare and very good pieces. Gross, who has a fortune of $1,200 million, once converted $200 into $10,000 playing Blackjack in Las Vegas, according to Forbes magazine.











