Finance

Interesting Facts about Charlie Munger

By  USViralBuzz

November 29, 2023

Charles Thomas Munger (January 1, 1924) was an American businessman, investor, and philanthropist.

He was vice chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett.

Warren Buffett described Munger as his closest partner and right-hand man.

Munger served as chairman of Wesco Financial Corporation from 1984-2011 which held a concentrated equity portfolio of over US$1.5 billion in companies such as Coca-Cola, Wells Fargo, Procter & Gamble, Kraft Foods, US Bancorp, and Goldman Sachs.

Munger was critical of cryptocurrencies, referring to Bitcoin in particular as "noxious poison".

Munger was famous for his quote "All I want to know is where I'm going to die, so I'll never go there." 

Munger had an estimated net worth of $2.6 billion and was ranked as the 1182nd richest person in the world, according to Forbes.

Munger was a major benefactor of the University of Michigan. In 2007, Munger made a $3 million gift to the University of Michigan Law School. Also donated $1.8 million to the Marlborough School in Los Angeles

Munger died at a hospital in Santa Barbara, California, on November 28, 2023, at the age of 99

In a statement following his death, Warren Buffett said, "Berkshire Hathaway could not have been built to its present status without Charlie's inspiration, wisdom and participation.