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HomeValentines DayCharlie Munger, Warren Buffett Enterprise Associate, Dies at 99

Charlie Munger, Warren Buffett Enterprise Associate, Dies at 99


Charlie Munger has died on the age of 99.

Munger, the longtime enterprise companion and pal of Warren Buffett, died on Tuesday, based on a press release from funding agency Berkshire Hathaway, the place Munger served as vice chairman.

Munger stepped into the function in 1978 and has labored alongside Buffett, Berkshire Hathaway’s CEO, ever since, based on Barron’s. He’s credited with reworking the agency into the $780 billion behemoth it’s right this moment.

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“Berkshire Hathaway couldn’t have been constructed to its current standing with out Charlie’s inspiration, knowledge, and participation,” Buffett stated in a press release.

Munger’s passing comes simply earlier than what would have been his a centesimal birthday on New Yr’s Day.

Who’s Charlie Munger?

Charlie Munger was born Charles Thomas Munger on January 1, 1924, in Omaha, Nebraska. He served within the U.S. Military throughout World Battle II earlier than attending Harvard Legislation Faculty and graduating in 1948, per CNN.

He moved to California to follow actual property legislation and based a legislation agency, Munger, Tolles & Olson, in 1962, based on CNBC. That very same 12 months, he additionally based a hedge fund, Wheeler, Munger & Co., to handle investments.

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Munger closed his hedge fund in 1975, three years earlier than getting into the function of vice chairman of Berkshire Hathaway subsequent to Buffett.

Munger and Buffett have been longtime mates since they met in 1959.

Along with his work at Berkshire Hathaway, he was chairman of the Los Angeles newspaper writer the Each day Journal from 1977 by 2022.

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Munger can also be a widely known philanthropist. He is donated $43.5 million to Stanford College to assist construct the Munger Graduate Residence, per CNBC, and $200 million to the College of Southern California. In complete, he is donated at the least $550 million to charities, based on The Chronicle of Philanthropy.

His internet value was $2.2 billion right now of dying.

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