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Home»Business»Investment Legend And Warren Buffett Partner Charlie Munger Dies At 99
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Investment Legend And Warren Buffett Partner Charlie Munger Dies At 99

November 28, 2023No Comments2 Mins Read
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Billionaire Berkshire Hathaway Vice Chairman Charlie Munger passed away “peacefully” on Tuesday morning at 99 years old, according to a press release.

Munger was born in Omaha in 1924 and linked up with billionaire Warren Buffett — chairman of holding company Berkshire Hathaway — in 1959, according to CNBC. Munger yielded to Buffett in public but the reverse was often true in private, according to The Wall Street Journal. (RELATED: ‘Guilty Of Being Stupid’: Warren Buffett’s No. 2 Says US Should ‘Get Along With China’ And Have ‘A Lot Of Free Trade’)

Charlie Munger, Warren Buffett’s Partner and ‘Abominable No-Man,’ dies at 99. A lawyer by training, Munger (rhymes with “hunger”) helped Buffett, who was seven years his junior, craft a philosophy of investing in companies for the long term. Under their management, Berkshire avg… pic.twitter.com/fWdE04ijJ3

— Holger Zschaepitz (@Schuldensuehner) November 28, 2023

“Berkshire Hathaway could not have been built to its present status without Charlie’s inspiration, wisdom and participation,” Buffett stated in the press release.

Munger’s net worth was $2.8 billion, according to Forbes. He was ranked 1182 on Forbes’ billionaire list.

His investment portfolios grew at an average of nearly 20% per year compared to the S&P 500’s roughly 5% growth rate during a 14-year period, according to the WSJ.

Munger also served as a weather forecaster during World War II, according to the WSJ.

Berkshire Hathaway reported a $12.8 billion loss in the third quarter of 2023, according to The Associated Press.

Berkshire Hathaway did not immediately respond to the Daily Caller News Foundation’s request for comment.

See also  Ben & Jerry’s Parent Company Unilever Cuts 7,500 Jobs, Plans To Split Ownership

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

Buffett Charlie Dies Investment Legend Munger Partner Warren
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