(UnitedHeadlines.com) – Billionaire investor and Warren Buffett’s business partner, Charlie Munger, 99, died Nov. 28 at a hospital in California.
Munger was born in Omaha, Nebraska, on Jan. 1, 1924. He attended the University of Michigan until 1943, when he left to serve in the U.S. Army during World War II. In 1945, he married his first wife, Nancy Huggins. After the war, Munger attended Harvard Law School. In 1948, he graduated with honors.
Munger went on to practice real estate law in Southern California. He divorced his first wife in 1953. He married his second wife, Nancy Barry, in 1955.
He met Buffet in 1959 when he went to Omaha for his father’s funeral. The two became friends quickly. In a 2021 interview, Buffet said that he knew after their first meeting that he was “not going to find another guy like this.”
In 1962, he founded a law firm Munger, Tolles & Olson, and a hedge fund Wheeler, Munger & Co. In 1975, he closed the hedge fund. In 1978, he became vice chairman of Berkshire Hathaway, which he ran alongside Buffett. Munger is known for being Buffett’s right-hand man who delivered blunt advice about the economy and stock market.
He was also a real estate attorney, philanthropist and architect who served as a member of the Costco board, and as chairman and publisher of the Daily Journal Corp.
Munger donated hundreds of millions in funds to educational institutions, including Harvard-Westlake Prep School, Harvard Law School, the University of Michigan and Stanford University. His donations often came with the stipulation that the schools accept his building designs, even though he was not an architect.
Munger’s fortune was estimated to be around $2.7 billion.
He is survived by three daughters, Wendy, Molly and Emilie, and three sons, Charles Jr., Barry and Philip. He is also survived by two step-sons, William Harold Borthwick and David Borthwick. He was predeceased by his second wife and by his son Teddy, who died at age 9 of leukemia.
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