Charlie Munger was an American businessman, have a look at his wife, children and net worth
Find out more about him and his death.
At the age of 99, Charlie Munger, a highly respected confidante of Warren Buffett, passed away suddenly, creating a significant void at Berkshire Hathaway (BRKa.N). His peaceful demise in a California hospital, where he resided, marks the end of an era for both corporate America and investing.
Charlie Munger cause of death reason, net worth in 2023, family, wife, children, bio and age
As vice chairman of Berkshire since 1978, Munger has been a major force behind the development of the business. Buffett acknowledged Munger’s invaluable contribution to Berkshire Hathaway’s success and lauded his insight.
Despite Berkshire’s carefully thought-out succession plan, Munger’s passing nonetheless has a profound impact on investors all around the world. Since then, Charlie Munger has become the talk of the town, with many people trying to find out more about him. So, here’s what we know about him:
Who is Charlie Munger?
Charlie Munger was a well-known American businessman, investor, and philanthropist. He has been in the news because he passed away recently at the age of 99.
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His full name is Charles Thomas Munger. He was born on 1 January 1924 in Omaha, Nebraska, US. His father’s name is Alfred Case Munger, who was a lawyer, and his grandfather’s name is Thomas Charles Munger, who was a US district court judge and state representative.
After completing his schooling, Charlie Munger went on to study mathematics at the University of Michigan. With a perfect score on the Army General Classification Test, he was sent to Caltech in Pasadena, California, to study meteorology. Additionally, Munger completed many advanced courses at multiple colleges with the GI Bill. He was a standout student at Harvard Law School, earning a J.D. in 1948 with honors.
He married twice. At first, he married Nancy Huggins. The couple became parents of three children: Wendy Munger, Molly Munger, and Teddy Munger. However, they got divorced.
Soon, Charlie Munger again got married, this time to Nancy Barry. Together, they had four children: Charles T. Munger Jr., Emilie Munger Ogden, Barry A. Munger, and Philip R. Munger. With this second marriage, Charles has also become stepfather to two stepchildren named William Harold Borthwick and David Borthwick.
He died on 28 November 2023 in Santa Barbara, California, US. At the time of his death, he was 99 years old.
Charlie Munger (1924-2023)
What a wise man.
RIP 🙏 pic.twitter.com/SK66JLVONU
— Ramnath (@rmnth) November 29, 2023
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Some of the best of Charlie Munger:
“Every time you hear EBITDA, just substitute it with bullshit”. Absolute legend. 🐐pic.twitter.com/yA0FmJExZH
— Geiger Capital (@Geiger_Capital) November 28, 2023
His career
Charlie Munger enlisted in the US Army during World War II, having left the University of Michigan in 1943 at the age of 19. Post-war, he resumed studies, practiced real estate law in Southern California, and co-founded the law firm Munger, Tolles, & Olson LLP in 1962.
After switching from practicing law to investment management, he entered into a real estate partnership with Otis Booth and went on to co-found the investment firm Wheeler, Munger, and Company.
Charlie Munger served as vice chairman of Berkshire Hathaway, the company that Warren Buffett owned; Buffett called Munger his right-hand man and closest confidant. From 1984 until 2011, Munger presided over Wesco Financial Corporation as chairman. In addition, he served as a director of Costco Wholesale Corporation and chairman of the Los Angeles, California-based Daily Journal Corporation.
Cause of death of Charlie Munger
He died due to natural causes.
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The net worth of Charlie Munger
He has an estimated net worth of about $2 billion.
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