Had he held on, his stake would have been worth $800 million in January 2021 after the Wallstreetbets rally. Miller said in 2021 that one of his regrets was selling off his GameStop stock in 2018. By mid-2021, Miller's Bitcoin holdings were worth more than his Amazon stake. Even after he sold off some shares, he remained one of the top individual investors in Amazon. Miller salvaged his net worth with investments in Bitcoin and the good luck of having held on to his Amazon stock, exercising call options in 2008. Miller's divorce settlement further eroded his net worth, shrinking it by 90%.Īfter leaving Legg Mason, Miller founded Miller Value Partners and serves as the Chairman, Chief Investment Officer, and co-Portfolio Manager for its 'Opportunity Equity' and 'Income Strategy' funds. Investors abandoned Legg Mason in droves as the assets under management dipped to a humbling $800 million from its peak of $77 billion. He was proved wrong, and his hitherto flagship fund lost 55% of its value in fairly short order. In 2008, in the wake of the developing financial crisis, Bill Miller placed huge leveraged bets on Bear Stearns, Freddie Mac, and other stocks that had taken a particularly hard beating, counting on the Federal Reserve to backstop the failing institutions.

His initial Bitcoin investments began in 2014 when it was valued at around $200 per Bitcoin.īut his legendary career is not without mega-sized mistakes. Miller continues to invest heavily in Bitcoin, with crypto making up 50% of his investment portfolio. These investments have rewarded early investors with the wisdom to buy and hold for the long term, ignoring fluctuations in business cycles and the stock market. Using the value investing philosophy, Bill Miller became an early investor in Amazon, Valeant Pharmaceuticals, and crypto. Miller's savvy investment strategy focused on value investments, stocks sold at an intrinsic discount with future growth potential. He has made significant personal investments, which continue to pay off, boosting his net worth. While at Legg Mason, Bill Miller beat the S&P 500 Index for 15 years, from 1991 to 2005. Miller handed over the reins of the fund to Sam Peters in 2012. He was tasked with running the value trust mutual fund. He became the Chairman and Chief Investment Officer of the firm in 2007. He later joined Legg Mason Capital Management in 1981 as a security analyst and qualified as a Chartered Financial Analyst (CFA). As he revealed, Bitcoin comprises around half of his investment portfolio.īill Miller started his career as the treasurer of the J.E. However, this valuation does not include his real estate holdings, yacht, and his co-ownership of a private jet. His wealth is derived from salaries and bonuses at Legg Mason and Miller Value Partners and by applying his value investing strategies to his personal investment portfolio.ĭepending on the market, his stock portfolio is worth approximately $1.79 billion. Bill Miller is a legendary, market-beating fund manager and famed Bitcoin investor.

Bill millers