Charlie Munger was a renowned American investor, businessman, and philanthropist. He was vice chairman of investment firm Berkshire Hathaway and chairman of Wesco Financial Corporation (1984 to 2011). He was also president of the Daily Journal Corporation, based in Los Angeles, California.
Mungar was a very close associate and long-time business partner of the world's great investor Warren Buffett. They first met at an Omaha dinner party in 1959. At the time, Munger was practicing law in Southern California and Buffett was running an investment partnership in Omaha.
Charlie Munger's full name is Charles Thomas Munger. He was born on January 1, 1924 in Omaha, Nebraska. His father, Alfred Case Munger, was a lawyer and his mother was a housewife.
Munger graduated from Benson High School. He enrolled at the University of Michigan in 1939 to study mathematics but dropped out to join the US Army Air Corps during World War II. he studied psychology at Pasadena City College and completed his Doctor of Jurisprudence from Harvard Law School in 1948.
Munger was married twice. His first marriagCharlie e was to Nancy Huggins, whom he met while studying at the California Institute of Technology (Caltech) in 1945. They had three children: Wendy, Molly and Teddy, however, they divorced in 1953. Charlie Munger's second marriage was to Nancy Barry in 1955. They had four children: Charles Jr., Emily, Barry and Philip. Munger and Barry's marriage lasted 54 years until her death in 2010.
Charlie Munger started his investing career in the 1950s. During this time, he established his own investment company, which he operated from 1962 to 1975. He was one of the largest shareholders of the company "Trading Stamp Maker Blue Chip Stamps" during this decade.
Mungar became chairman of WESCO in 1978 and transformed it into a successful investment company. Wesco's investment portfolio includes companies like Coca-Cola, Costco Wholesale Corporation and See's Candies.
Charlie Munger Award’s - Adam Smith Award (1997), Lifetime Achievement Award (2014), Carnegie Medal of Philanthropy (2007), Honorary Doctor of Laws from Harvard Law School (1997)
Charlie Munger's net worth is estimated to be $2.6 billion according to Forbes. He was one of the most influential and successful investors in the world. He has accumulated his wealth through various schemes which include investing in stocks, bonds, shares,