Bill Miller, born in 1959, began his career in finance as an intern at Legg Mason in 1981, while still a student at Princeton University. He started in the mailroom, but his keen analytical mind and strong work ethic quickly caught the attention of his superiors. Miller’s big break came in 1986 when he was offered a full-time position as a portfolio manager, a role he excelled in due to his unique investment strategy.

Miller gained widespread recognition in the 1990s when his Legg Mason Value Trust fund consistently outperformed the S&P 500 index. His fund returned an average of 15% annually between 1991 and 2005, making it one of the best-performing mutual funds of its time. Miller’s fame grew further when he famously beat the S&P 500 for 15 consecutive years, a feat that had never been accomplished before. This impressive track record earned him the title of “Portfolio Manager of the Decade” by Morningstar in 2000.

Bill Miller’s Net Worth in 2025

As of 2025, Bill Miller’s net worth is estimated to be around $1.5 billion, according to the latest available information.

Career

Bill Miller is a renowned American investor and hedge fund manager. He is the founder and chairman of Legg Mason Capital Management. Miller is widely recognized for his value investing strategy, which has generated significant returns for his investors over the years.

Other Ventures

In addition to his investment career, Miller is also a philanthropist. He has established the Bill & Melinda Gates Foundation, which focuses on improving healthcare and reducing extreme poverty globally. He also serves on the board of directors for several companies, including Microsoft and Berkshire Hathaway.

Assets

Miller’s assets include a significant stake in Legg Mason, which he founded in 1982. He also has substantial investments in various companies, including Microsoft, where he is one of the largest individual shareholders. Additionally, he owns a number of properties, including a home in Maryland and an apartment in New York City.

Annual Income

Miller’s annual income is primarily derived from his investments and his role as chairman of Legg Mason. According to public records, his compensation from Legg Mason in 2020 was around $10 million. However, his actual annual income can vary significantly from year to year depending on the performance of his investments.

Frequently Asked Questions about  Bill Miller

Bill Miller Net Worth FAQs

What is Bill Miller’s net worth?

Bill Miller’s net worth is estimated to be around $2 billion.

How did Bill Miller make his money?

Bill Miller made his fortune primarily through his successful career in investment management. He is the founder and chief investment officer of Miller Value Partners, a value-oriented investment management firm.

What is Bill Miller’s investment strategy?

Bill Miller is known for his value-oriented investment strategy, which involves investing in undervalued companies with strong fundamentals. He is also known for his long-term perspective on investments and his willingness to hold onto stocks for extended periods.

What are some of Bill Miller’s most successful investments?

Some of Bill Miller’s most successful investments include Apple, Amazon, and Berkshire Hathaway. He has held these stocks for many years and has seen significant gains as a result.

What is Bill Miller’s background?

Bill Miller graduated from Princeton University with a degree in economics. He then worked as an analyst for several investment firms before founding Legg Mason Capital Management in 1982. He later founded Miller Value Partners in 2016.

What is Bill Miller’s track record?

Bill Miller has a strong track record as an investor. His Legg Mason Value Trust fund, which he managed from 1990 to 2012, beat the S&P 500 for 15 consecutive years, from 1991 to 2005.

What is Bill Miller’s philanthropic work?

Bill Miller is known for his philanthropic work, particularly in the area of education. He has donated millions of dollars to his alma mater, Princeton University, and has also established the Bill & Melinda Gates Foundation’s Global Health Program.

What is Bill Miller’s approach to philanthropy?

Bill Miller’s approach to philanthropy is focused on making a meaningful impact in areas where he believes he can make a difference. He has said that he looks for opportunities to leverage his resources to achieve significant results.

What are some of Bill Miller’s interests outside of investing?

Bill Miller is an avid reader and has said that he reads extensively on a wide range of topics. He is also a fan of jazz music and has been known to play the saxophone in his free time.

What is Bill Miller’s approach to risk management?

Bill Miller’s approach to risk management is focused on avoiding permanent loss of capital. He has said that he is willing to take on risk, but only if the potential reward justifies it and the risk of permanent loss is low.