Bill Gross has made a lot of money investing in fixed income. He co-founded the investment management firm Pimco, where he became one of the top bond fund managers. Forbes states that Gross, known as the "bond King," is worth about $1.7 billion.

While Bill Gross built his reputation, and net worth, on bonds, he's recently been pounding the table on a different income-focused investment: Master limited partnerships (MLPs). In a recent post on X, formerly Twitter, Gross cautioned against investing in tech stocks. Instead, he highlighted that MLP pipelines "still have momentum" and that he owned Western Midstream Partners (NYSE: WES) and MPLX (NYSE: MPLX). Here's a closer look at these top MLPs and whether investors should follow Gross' advice by investing in the sector.

Gross has advocated for Western Midstream in the past. The MLP owns midstream assets in the Rocky Mountains, North-central Pennsylvania, Texas, and New Mexico. Its primary focus is on gathering and processing (G) operations. Its services include:

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Source Fool.com