Charles Thomas Munger was an American businessman, investor, and philanthropist. He was vice chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett; Buffett described Munger as his closest partner and right-hand man.
Why is Charlie Munger worth so little?
Munger’s salary and compensation as Vice Chairman of Berkshire Hathaway are lower than Buffett’s as CEO. The impact of philanthropy: Munger is known for his philanthropy and has donated millions of dollars to various charitable causes throughout his lifetime. This generosity has likely impacted his net worth.
An early decision to give away a significant portion of his wealth: Munger made the decision to give away a significant portion of his wealth earlier in his career, which did not allow Charlie Munger to benefit as much from the power of the compounding of his investments from as young an age that Buffett continued to benefit from.
Earlier start in investing: Warren learned about stocks as a kid and his Dad actually had him buy his first shares in 1942.