Net Worth

Charlie Munger Net Worth 2024: How Much Was The Investing Legend and Warren Buffett’s Right-Hand Worth?

Charlie Munger was the right-hand and trusted confidante of Warren Buffett. Charles breathed his last on night of November 28, 2023, Tuesday. He was 99 years old when he passed away in California. He was the vice chairman of Berkshire Hathaway Inc. and also resided in Los Angeles for a long time.

Buffett said the following in the demise of his business partner, “Berkshire Hathaway could not have been built to its present status without Charlie’s inspiration, wisdom, and participation.”

Who was Charlie Munger?

Charles Thomas Munger was born on January 1, 1924. He was a renowned and famous philanthropist, investor, and businessman hailing from America. Charles was popularly known for serving as the vice chairman of Berkshire Hathaway.

Berkshire Hathaway is a conglomerate that is controlled by Warren Buffett. The entire world knows Charlie Munger as Buffett’s right-hand man and closest partner. However, he passed away on November 28, 2023.

Charlie Munger’s Best Investments

Charlie Munger has been famous for his partnership with Buffett. Munger’s total investment compounded annual returns of 19.8% as per Buffett’s 1984 essay “The Superinvestors of Graham-and-Doddsville.”

Munger, being the vice chair of Berkshire, invested in “Four Giants.” He invested in:

1. Insurance Float: Investing and acquiring some insurance companies as wholly-owned subsidiaries of Berkshire, it became a world leader in insurance float.

2: Apple, Inc: As of August 2023, Berkshire owns 5.8% of American multinational technology company’s stocks.

3: BHE (Berkshire Hathaway Energy): Berkshire Hathaway Energy is a portfolio consisting of businesses managed by local people in the utility sector. The investment in BHE is an example of preference by Munger-Buffet to invest in firms with an economic moat.

4: BNSF (Burlington Northern Santa Fe Corporation): Burlington Northern Santa Fe Corporation or BNSF is Berkshire’s fourth giant where investment has been done. In North America, the firm operates on 32,500 miles of rail and 8,000 locomotives in two-thirds area of the U.S.

Charlie Munger’s Death Cause

Charlie Munger died on November 28, 2023, in California. He passed away at a hospital in Santa Barbara. He was 99 years old. Until now, the exact cause of his death remains unknown.

How much was Charlie Munger’s net worth?

Charlie Munger was one of the biggest shareholders of Berkshire. He owned a total stock valued at $2.2 billion. According to Forbes, as of 2023, Charlie Munger’s net worth was estimated to be $2.2 billion.

Charlie Munger’s Personal Life: Wife and Children

Charlie Munger married his first wife, Nancy Huggins in 1945 while studying at Caltech. Nancy Huggins was the daughter of Edith M. Huggins and Frederick R. Huggins. Charlie had three children Nancy, Teddy Munger, Molly Munger, and Wendy Munger.

However, later the duo parted ways and Munger remarried after a couple of years of his divorce to Nancy Barry, his second wife. Nancy Barry and Munger had four children together, Philip R. Munger, Barry A. Munger, Emilie Munger Ogden, and Charles T. Munger Jr. Charlie also had two stepchildren, David Borthwick and William Harold Borthwick.

Some Popular Charlie Munger Quotes to Remember His Legacy

“The best way to get what you want in life is to deserve what you want. How could it be otherwise? The world is not crazy enough to look for a lot of undeserving people to reward.”

“If people weren’t so often wrong, we wouldn’t be so rich Warren!”

“I’m optimistic about life. If I can be optimistic when I’m nearly dead, surely the rest of you can handle a little inflation.”

Also Read: George Cohon Net Worth: Exploring The Wealth of Late McDonald Canada Founder

“Those of you who are about to enter business school or who are there, I recommend you learn to do it our way.”

“Spend each day trying to be a little wiser than you were when you woke up. Day by day, and at the end of the day-if you live long enough-like most people, you will get out of life what you deserve.”

Biodata table

Personal Information
Full NameCharles T. Munger
Date of BirthI1 January 1924
Date of Death28 November 2023
Age at Death99 years
Place of BirthNot provided in the text, but known to be Omaha, Nebraska
Place of DeathCalifornia hospital, USA
Education and Military Service
EducationUniversity of Michigan (studied mathematics in the 1940s) <br> Harvard University (Law degree in 1948)
Military ServiceArmy Air Corps during World War II (Meteorologist)
Career Highlights
Key RolesVice-Chairman of Berkshire Hathaway (for decades)
Chairman and President of Wesco Financial (1984)
ContributionsServed as Warren Buffett’s sounding board on investments and business decisions
Instrumental in the success of Berkshire Hathaway
Investment Philosophy
Influence on BuffettPushed Buffett beyond early value investing strategies to buy great businesses
Quotes“Charlie has taught me a lot about valuing businesses and about human nature.”
Personal Life
FamilyWife (deceased in 2010), Eight Children
PhilanthropyDonated significant gifts to various institutions and charities
WealthBuilt a fortune worth more than US$2 billion at one point
Board Memberships
Boards Served OnGood Samaritan Hospital, Harvard-Westlake School, Costco Wholesale Corp, Daily Journal Corp

Subhashree Panda

Subhashree Panda: A proficient content writer, editor, and researcher. With 4 years of experience and an MBA in finance, she crafts compelling narratives on global events. Her passion for diverse journalism genres resonates widely, fostering broad audience connections.

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