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.
He’s a “Gilligan’s Island” tremendous fan — particularly of the music. Towfiq complained that Gross blasted the theme from “Gilligan’s Island” on a loop over his out of doors sound system late at night time to harass him. Towfiq steered Gross picked the tune for its annoyance issue.
GILLIGAN’S ISLAND solid members (from left) Bob Denver (as Gilligan) and Alan Hale Jr. (as Jonas Grumby, The Skipper), 1965.
CBS Photo Archive | CBS | Getty Images
Gross mentioned blasting “Gilligan’s Island” in any respect hours of the day and night time is commonplace at his two homes as a result of it has particular that means. It all began sooner or later final summer season when he was watching previous episodes on YouTube and realized that the pictures in the title sequence of the marina seemed like they have been shot from the precise location of his Newport Beach dwelling.
“I could look at the TV and look outside the window, and there were the same palm trees of 55 years ago,” Gross testified. “I said ‘this is incredible.’ “
He confirmed his girlfriend, Amy Schwartz, and the tune rapidly topped the charts in the Gross family.
“We started playing it again and again and it just became something we did,” he defined. “We play it all the time.”
They additionally take pleasure in different theme songs, which they generally act out.
“Over time, we’ve learned lyrics and we act together with hands and pointing. It’s like a little play … we really like it.”
Also on his playlist: 50 Cent, and Kenny Loggins, who performed at Schwartz’s celebration .
He’s the “jealous type.” Gross’ girlfriend, or as he calls her, “life partner,” is Amy Schwartz, the 51-year-old former skilled tennis participant and beginner golfer. Gross mentioned Towfiq usually filmed Amy from subsequent door, generally in her bikini.
Towfiq mentioned he was solely filming his neighbors to doc the sculpture and their harassment of him.
“I’m a jealous type,” Gross mentioned. “She’s very attractive. I’m very jealous.”
He mentioned the couple referred to Towfiq as “peeping Mark” since Gross assumed he was watching them so usually.
“Sometimes Amy would go out on the balcony and say ‘I wonder if peeping Mark is filming this.’ “
Gross mentioned that Towfiq as soon as filmed the couple getting back from the seaside, “with wet hair and salt all over our bodies. It almost seemed like this was his full-time job.”
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.”
He’s a dance machine. Gross mentioned he and Schwartz are avid dancers — and never simply to the “Gilligan’s Island” theme tune. When requested to make clear his assertion that he danced on the balcony, Gross mentioned: “Oh yeah. On the balcony, in the bedroom, up and down the lawn pathway entrance, because it’s a good long area to invent creative steps. Amy and I do that frequently.”
Gross mentioned they might generally dance to “Gilligan’s Island” again and again. “Only two or three — I mean you can only dance for so long before you’re ready for bed.”
He wants safety from the general public. While not precisely a star exterior of the investing world, Gross mentioned he is usually pursued by the general public, therefore his must reside behind so many gates and partitions.
“We needed privacy,” he mentioned, when requested about his buy of the Laguna Beach home.
“Amy was always stressing that I was a public figure and that we simply needed to be behind a gate.” His lawyer then mentions the danger of individuals coming from the seaside, and Gross mentioned “millions of people couldn’t come up to see where Gross” lived.