Charlie Munger, the longtime friend and business partner of Warren Buffett, died on Tuesday. He was 99. Munger led Berkshire Hathaway as its vice chairman for decades, helping Buffett build it into an investment powerhouse. He preferred to stay in the background and let Buffett be the face of Berkshire, often downplaying his contributions to the company's remarkable success, the Associated Press said.
Munger's death was confirmed in a statement from the company, which said he died Tuesday at a California hospital. His death was condoled by titans of the business world, including his friend of over 60 years – Warren Buffett.
“Berkshire Hathaway could not have been built to its present status without Charlie's inspiration, wisdom and participation,” Warren Buffett said in a statement.
Apple CEO Tim Cook also posted a tribute to Charlie Munger, remembering him as “a keen observer of the world” and a man who helped build an American institution.
A titan of business and keen observer of the world around him, Charlie Munger helped build an American institution, and through his wisdom and insights, inspired a generation of leaders. He will be sorely missed. Rest in peace Charlie. pic.twitter.com/vNGDktOAhz— Tim Cook (@tim_cook) November 28, 2023
I was sad to learn that Charlie Munger died today at age 99.What a life.
He would likely roll his eyes and argue that none of us should be too surprised, based on the actuarial tables, but we’ve lost one of the 20th century’s greatest investors and businessmen.
Chris and I… pic.twitter.com/kJiietdQTA
— Andrew Wilkinson (@awilkinson) November 28, 2023
“Thanks for the wisdom,” wrote Garry Tan, CEO of Y Combinator
RIP Charlie MungerThanks for the wisdom pic.twitter.com/wYyUDCFk5R
— Garry Tan — e/acc (@garrytan) November 28, 2023
Charles Munger, Who Helped Buffett Build Berkshire, Dies at 99 https://t.co/aulWwPFVlz— Mark Cuban (@mcuban) November 28, 2023
RIP Charlie MungerNo one else as legendary
His impact will be felt by many for centuries pic.twitter.com/CMGDIwKg7H
— Monsoon K. Pabrai (@Typhoon_Girl) November 28, 2023
RIP Charlie Munger, the greatest — and most quotable — investor of all time."The first rule of a happy life is low expectations. That’s one you can easily arrange. And if you have unrealistic expectations, you’re going to be miserable all your life." pic.twitter.com/Ncd6xkffeb
— Julia La Roche (@JuliaLaRoche) November 28, 2023
Rest In Peace, Charlie Munger.99 great years, a life well lived.
It was an honor to know you. pic.twitter.com/l30ZYjtDWp
— steve hsu (@hsu_steve) November 29, 2023
Unlike Buffett's vast fortune, Charlie Munger's wealth is estimated at a more modest $2.6 billion, although he has donated most of his wealth to charity during his lifetime.
Munger never officially retired from his role at Berkshire Hathaway, and would have turned 100 on January 1, 2024.
(With inputs from agencies)
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