Charlie Munger Net Worth is$1.75 Billion
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Profession: Entrepreneur, Businessperson
Date of Birth: Jan 1, 1924
Nicknames: Charles T Munger
Country: United States of America
Charlie Munger is an investor and the Vice-Chairman of Wesco Financial Corporation and the Berkshire Hathaway Corporation and has a net worth of $1.75 billion. Charlie Munger has accumulated his net worth through his investor partnership and his share holdings in many successful companies. He was born in Omaha, Nebraska
Charles Thomas Munger (born January 1, 1924, in Omaha, Nebraska) is an American business magnate, lawyer, investor, and philanthropist. He is Vice-Chairman of Berkshire Hathaway Corporation, the diversified investment corporation chaired by Warren Buffett; in that capacity, Buffett describes Munger as "my partner." Munger served as chairman of Wesco Financial Corporation from 1984 through 2011 (Wesco was approximately 80%-owned by Berkshire-Hathaway during that time). He is also the chairman of the Daily Journal Corporation, based in Los Angeles, California, and a director of Costco Wholesale Corporation.
Like Buffett, Munger is a native of Omaha, Nebraska. After studies in mathematics at the University of Michigan, and service in the U.S. Army Air Corps as a meteorologist, trained at Caltech, he entered Harvard Law School, where he was a member of the Harvard Legal Aid Bureau, without an undergraduate degree. Graduating in 1948 with a Juris Doctor magna cum laude, he founded and worked as a real estate attorney at Munger, Tolles & Olson LLP until 1965. He then gave up the practice of law to concentrate on managing investments. He partnered with Otis Booth in real estate development. He partnered with Jack Wheeler to form Wheeler, Munger, and Company, an investment firm with a seat on the Pacific Coast Stock Exchange. He wound up Wheeler, Munger in 1976 after losses of 31% in 1973 and 1974.
Although Munger is better known for his association with Warren Buffett, he ran an investment partnership of his own from 1962 to 1975. According to Buffett's essay, "The Superinvestors of Graham-and-Doddsville," published in 1984, Munger's investment partnership generated compound annual returns of 19.8% during the 1962-75 period compared to a 5.0% annual appreciation rate for the Dow.
Munger was previously also the chairman of Wesco Financial Corporation, now a wholly owned subsidiary of Berkshire Hathaway. It began as a savings and loan association, but eventually gre

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Charlie Munger Latest News

3 Memorable Quotes by Charlie Munger

Charlie Munger, the right-hand man of Warren Buffett, is often said to be the brains behind many of their company’s investment successes. A conservative and patient investor, Charlie Munger has amassed more than a billion dollars in personal wealth.
Posted: December 11, 2017, 4:15 pm

After Decades of Hints, Buffett’s Heir May Now Be More Apparent

Story Continues At the same time this was laid out, Berkshire released a separate letter from Vice Chairman Charles Munger. In it, Munger called two executives— Ajit Jain and Greg Abel—examples of the company’s “world-leading” managers who are in ...
Posted: December 7, 2017, 7:33 am

She invests, writes about investing and makes money. She’s 15.

they haven’t missed a meeting since. “We stand in the line every year at 4:30 in the morning and wait for the doors to open at 8:30, and then get to go and sit and watch Warren Buffett and Charlie Munger speak all day,” she said. In 2013, Maya ...
Posted: December 2, 2017, 5:00 am
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