In the United States, American investor and businessman Charles Munger, a long-time partner of the legendary Warren Buffett, passed away at the age of 100. This situation was officially reported page Berkshire Hathaway holds it.
Munger was pronounced dead at a hospital in California on November 29.
“Berkshire Hathaway would not have reached its current status without Charlie’s inspiration, wisdom and involvement,” Buffett said in the company press release.
They met in 1959, and in 1978 Munger joined Berkshire Hathaway as a vice chairman. During this time, under their leadership, the company’s assets have increased by more than 2.5 thousand times. Berkshire Hathaway securities are the most expensive in history, one Class A share costs more than $ 546 thousand. The holding owns, among others, the Duracell trademark, as well as all shares in American Express, Coca-Cola, Apple and Bank of America. .
Let us remind you that Buffett’s fortune is estimated at $100 billion and Munger’s at $2.6 billion. They devoted most of their wealth to charity, especially education.
Last May Munger guess The collapse in the value of cryptocurrencies.
Previous profit of Buffett holding augmented 13% due to insurance business.