Charlie Munger, the closest confidant and companion of investing legend Warren Buffett, has died at the age of 99. According to his family, Munger died on Tuesday morning in a hospital in California at the age of 99, a statement said. In it, Buffett said Berkshire could not have achieved its current status “without Charlie’s inspiration, wisdom and contribution.”
Munger was active for decades with Buffett (93) at the investment company Berkshire Hathaway. He was deputy head of administration and one of the largest shareholders. This also made him a billionaire. Berkshire Hathaway owns, among others, the insurer Geico and the railway company BNSF.
Munger would have been 100 years old on January 1st. His connection to Buffett dates back to his youth, when he worked for his grandfather at a grocery store in Omaha, Nebraska. Munger served as a meteorologist during World War II and earned a law degree from Harvard Law School in 1948.