Berkshire Hathaway vice chair Charlie Munger passes away at age 99

Charlie Munger, the billionaire vice chairman of Berkshire Hathaway, has passed away at the age of 99. Munger, who served alongside Warren Buffett, played a significant role in shaping the company into a global conglomerate with a market capitalization of $784 billion. He was also known for co-founding Munger, Tolles & Olson and chairing Wesco Financial Corporation, a Berkshire Hathaway subsidiary. Munger and Buffett were known for their skepticism of cryptocurrencies and their emphasis on investing in businesses at fair prices.

Munger's career included a stint in the U.S. Army Air Corps, studies at Caltech, and a law degree from Harvard Law School. He was also a philanthropist, contributing to several educational institutions. His critical views on cryptocurrencies and artificial intelligence, which he referred to as “overhyped” and “stupid,” garnered attention. At the time of his death, Munger had a net worth of $2.7 billion.

Key takeaways

Charlie Munger, the vice chairman of Berkshire Hathaway, has passed away at the age of 99.
Munger played a significant role in shaping Berkshire Hathaway into a global conglomerate with a market capitalization of $784 billion.
He was known for his insightful investment philosophies and was a fierce skeptic of cryptocurrencies, referring to them as "overhyped" and "stupid".
At the time of his passing, Munger had a net worth of $2.7 billion, according to Forbes.

Berkshire Hathaway vice chair Charlie Munger passes away at age 99

Key takeaways

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