Charlie Munger, Visionary Partner of Berkshire Hathaway, Passes Away at 99

Renowned investor and Berkshire Hathaway Vice Chairman, Charlie Munger, breathed his last on Tuesday morning, surrounded by family at a California hospital.

In a poignant announcement, Warren Buffett, the Chairman and CEO of Berkshire Hathaway, expressed his deep sorrow at the passing of his long-time business partner and friend, Charlie Munger. Munger, aged 99, played a pivotal role in the growth and success of Berkshire Hathaway, leaving an indelible mark on the business world.

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

In addition to being Berkshire vice chairman, Munger was a real estate attorney, chairman, and publisher of the Daily Journal Corp., a member of the Costco board, a philanthropist and an architect.

In early 2023, his fortune was estimated at $2.3 billion a jaw-dropping amount for many people but vastly smaller than Buffett’s unfathomable fortune, which is estimated at more than $100 billion.

During Berkshire’s 2021 annual shareholder meeting, the then-97-year-old Munger apparently inadvertently revealed a well-guarded secret: that Vice Chairman Greg Abel “will keep the culture” after the Buffett era.