Billionaire investor Charlie Munger, a longtime friend and partner of Warren Buffett at Berkshire Hathaway, has passed away at the age of 99.
Berkshire Hathaway announced on November 28 that Munger passed away "peacefully" that morning at a hospital in California. The cause of death was not disclosed.
Charlie Munger is Warren Buffett's right-hand man. Photo: Reuters
Charlie Munger was born in 1924 in Omaha, Nebraska, USA. He served in the U.S. Army during World War II after graduating from the University of Michigan. After the war, Munger attended Harvard Law School.
Munger met Warren Buffett in Omaha in 1959 and they quickly became friends. He joined Berkshire in 1978 as Vice Chairman. Charlie co-chaired Berkshire's annual shareholders' meeting with Buffett, answering investor questions on a range of global issues.
He is known for his short, memorable quotes that often amuse Berkshire fans. At the 2015 Berkshire Shareholders' Meeting, he once said, "If people didn't make mistakes so often, we wouldn't be this rich."
"Berkshire Hathaway wouldn't be where it is today without Charlie's intellect and ability to inspire," CEO Warren Buffett said in the company's statement on November 28.
On X, Mohamed El-Erian, an economic advisor at insurance company Allianz, commented: "For decades, Munger and Buffett have led an investment empire that has improved the lives of many people. They have demonstrated the power of collaboration."
Investor and economist Whitney Tilson also commented on CNN that Munger's influence "extended far beyond the investment world." "People went to him thinking they would learn many ways to make money. But they got much more than that," he said.
According to Forbes , Munger currently has a net worth of $2.7 billion. Just a few weeks ago, the billionaire was still commenting on global markets.
Earlier this month, he stated on a podcast that Buffett's decision to invest billions of dollars in Japanese companies over the past few years "was very easy." Munger called it a rare investment opportunity to have stable assets, large cash flow, and extremely low risk.
Ha Thu (according to CNN)
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