THE LATE Charlie Munger is remembered for his work at Berkshire Hathaway.
The billionaire lawyer has close business ties to both Warren Buffett and Bill Gates.
Getty – ContributorCharlie Munger was a real estate lawyer who became vice chairman of Berkshire Hathaway[/caption]
Who was Charlie Munger?
Born on January 1, 1924, Charlie Munger was an American businessman and investor from Omaha, Nebraska.
Munger was vice chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett.
Following his time in the U.S. Army Air Corps, he went on to graduate from Harvard Law School.
He then relocated to Southern California and began practicing real estate law.
When he returned to Omaha in 1959, Munger met Warren Buffett through an investor client of the latter; the duo went on to become best friends.
Coincidentally, Munger worked at Buffett’s grandfather’s grocery store, Buffet & Sons when he was a teenager.
He also became chairman of the Daily Journal Corporation and a director of Costco Wholesale Corporation.
Munger’s firm was a part of Bill Gates and Melinda French’s divorce proceedings, where he represented the former.
On November 28, 2023, 99-year-old Munger died peacefully in a California hospital.
Who was Charles Munger married to?
From both of his previous marriages, Munger was widowed twice.
He was first married to Nancy Huggins, whom he met while studying at the California Institute of Technology.
The pair wed in 1945 and had three children; Wendy, Molly, and Teddy.
GettyThe late Charlie Munger pictured (left) with Bill Gates (center) and Warren Buffett (right)[/caption]
Teddy passed away at nine years old from leukemia.
Huggins and Munger divorced in 1953 and he remarried a woman named Nancy Barry Borthwick three years later.
Munger and Borthwick had four children; Charles Jr., Emilie, Barry, and Philip.
Munger was also stepfather to two of Borthwick’s children, William Harold and David Borthwick.
Borthwick and Munger remained married until 2010 when she passed away at home at 86 years old.
What was Charles Munger’s net worth?
Prior to his death, Munger had an estimated net worth of $2.16billion.
The executive is also a philanthropist and has reportedly donated $110million to the University of Michigan to fund a new “state of the art” residence hall.
He has also donated $65million to the Kavli Institute for Theoretical Physics at the University of California, Santa Barbara, making it the largest donation in school’s history.
Munger and his second late wife Nancy previously donated 500 shares of Berkshire Hathaway Class A stock, then valued at $43.5million in 2004, to Stanford to build a graduate student housing complex.
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