Warren Buffet is worth about $120 billion, while Charlie Munger is worth a “mere “ $2.5 Billion.
While both Munger and Buffett are value investors, they have different approaches to investing. Buffett is known for his willingness to hold onto investments for the long term, even through periods of volatility. Munger, on the other hand, is more willing to sell investments if he believes they are no longer undervalued. This difference in approach has led to Buffett accumulating a larger fortune over time.
Both Munger and Buffett are known for their philanthropy. However, Munger has already given away a larger percentage of his wealth than Buffett. As of 2023, Munger has donated over 99% of his wealth to charity, while Buffett has pledged to donate over 99% of his Berkshire Hathaway stock to the Bill & Melinda Gates Foundation. This difference in charitable giving has reduced Munger’s net worth compared to Buffett’s.
Bill and Melinda Gates…is that still a ‘thing’?
**However, Munger has already given away a larger percentage of his wealth than Buffett.**
He doesn’t have any of it now.