Warren Buffett's Right Hand Man & Investment Genius Charlie Munger Dies Aged 99

In a big loss for the business world, 93-year-old billionaire?Warren Buffett's longtime friend, right-hand man, and alter ego Charlie Munger?died on Tuesday.?

Who Was Charlie Munger?

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Charlie Munger has been Warren Buffett's business partner for more than five decades, and they both built and transformed Berkshire Hathaway from a failing textile maker into a diversified business empire. Munger was vice chairman of Berkshire and one of its biggest shareholders. His overall?net worth was about?$2.6 billion, according to Forbes.

When Did Charlie Munger Die?

Charlie Munger died on Tuesday at a California hospital, aged 99. He was a longtime resident of Los Angeles. Born on January 1, 1924, in Omaha, Munger met Buffett?at a dinner party in 1959.?

Also Read:?Why?Warren Buffett?Lives In The Same House That He Bought In 1958

What Did Warren Buffett Say About Munger's Death?

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“Berkshire Hathaway could not have been built to its present status without Charlie’s inspiration, wisdom and participation,” Warren Buffett said in a statement.??

For the unversed,?Munger had joined?Buffett?at Berkshire Hathaway in 1978?and helped the company reach the market cap of $784 billion that it is today. Munger never officially retired from his role at Berkshire Hathaway and would have turned 100 on January 1, 2024.

A lawyer by training,?Munger helped?Buffett, who was seven years his junior, craft a philosophy of investing in companies for the long term. At the company’s annual meetings in Omaha, Nebraska, where he and Buffett had both grown up, Munger was known for his roles as straight man and scold of corporate excesses.

Also Read:?15 Books Recommended By Billionaire Warren Buffett For Investors

How Business Magnates Are Reacting To Charlie Munger’s Demise

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Apple CEO Tim Cook posted a tribute to?Charlie Munger, remembering him as “a keen observer of the world” and a man who helped build an American institution.

Shark Tank judge and billionaire?Mark Cuban shared a series of crying face emojis in his post mentioning Munger's death.

Many other people have been reacting to the investment genius' demise and tweeting about him on X (formerly Twitter).

Also Read:?What?Warren Buffett?Learnt From His First Job Delivering Newspapers

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