Five surprising things we learned about billionaire Bill Gross in legal fight with neighbor

Bill Gross, co-founder of Pacific Investment Management Co. (PIMCO), and his girlfriend Amy Schwartz put on protecting masks whereas arriving at state courtroom in Santa Ana, California, U.S., on Monday, Dec. 7, 2020.

David Swanson | Bloomberg | Getty Images

Billionaire bond investor Bill Gross has a particular place in his coronary heart for the “Gilligan’s Island” theme tune. He is an avid dancer. He admits to being extremely jealous relating to his girlfriend. And he takes particular satisfaction in his $1 million glass garden sculpture.

Those are among the many many uncommon revelations from the legal battle enjoying out in a California courtroom between Gross and his neighbor, tech entrepreneur Mark Towfiq, in Laguna Beach.

At the middle of the hearings, which have dragged on for than two weeks, are dueling harassment claims and restraining orders. Gross says Towfiq is a “peeping Tom” who movies Gross’ girlfriend in her bikini. Towfiq mentioned Gross is a “short-fused billionaire” who blasts loud music late an evening in retaliation for complaints about the glass garden sculpture.

Closing arguments in Orange County Superior Court ended Wednesday, and Judge Kimberly A. Knill will doubtless rule on the legal points on Dec. 23. Yet the legal factors have change into a sideshow subsequent to the case’s extra central drama — a colourful portrait of the 76-year-old investing legend has emerged out of the turf wars and ego battles of the 2 rich males.

Here are 5 of probably the most surprising revelations about Gross which have emerged from witnesses, textual content messages, paperwork and movies in the listening to.

‘Gilligan’s Island’

‘Jealous kind’

Happy to be standing

For Gross, happiness is sophisticated and worry is relative. In the start of his testimony, Gross was requested whether or not he was “unhappy” when he learned his sculpture might be eliminated for violating Laguna Beach code.

“Happiness and sadness are not applicable to situations like this at my age,” mentioned. “I’m just happy to be standing.”

He added “I don’t currently assess my moods that way. Whether happy or sad, I can’t say.”

Gross’ moods grew to become a frequent matter of dialogue. Towfiq mentioned that the earlier proprietor of Gross’ home, Patrick Boyd, described Gross to him as “an angry billionaire with a short fuse.” A former money-manager at Gross’ former agency PIMCO, Boyd provided Towfiq his “condolences” when he heard Gross can be the brand new neighbor.

In what sounded extra like a remedy session than courtroom testimony, Gross probed his emotions of worry and the way they’ve developed over his life as he grew to become extra insulated from the world. He mentioned he felt “very frightened” when Towfiq filmed Gross in his fitness center shorts taking decibel readings on their property line late at night time.

“I was very frightened,” Gross mentioned. “It was evil intent … this man was taping me. Cowering behind my own wall.”

Gross then recalled combating in Vietnam and later in life, nearly crashing in a airplane.

“I’ve faced bullets from Vietcong, and 15 years later in a plane that almost went down in North Carolina,” he mentioned. “I’m not saying this incident was anything like that. But I’ve been rather sheltered from fearful situations over the last five or ten years and I wasn’t really used to it.”

Avid dancer

Needs privateness

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Written by Business Boy


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