Charlie Munger Net Worth: Early Life | Education And Much More!

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Charles Thomas Munger is a billionaire investor, businessman, and former real estate attorney from the United States. He is the vice chairman of Berkshire Hathaway, Warren Buffett’s conglomerate; Buffett has described Munger as his closest partner and right-hand man.

From 1984 to 2011, Munger was the chairman of Wesco Financial Corporation. He is also the chairman of the Los Angeles-based Daily Journal Corporation and a director of Costco Wholesale Corporation.

Current Charlie Munger Net Worth 2022

Charlie Munger’s new net worth in 2022 is $2.4 billion, and he currently ranks #1580 on Forbes’ list of billionaires.

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Charlie Munger, 98, is still the vice chairman of Berkshire-Hathaway and Warren Buffett’s annual shareholder meeting partner. Charlie worked in Buffet’s grandfather’s grocery store in Omaha, Nebraska, alongside Warren. Munger was paid $2 for ten hours of work in the 1930s.

Charlie Munger Net Worth

During WWII, Munger left the University of Michigan to become an Army meteorologist. He graduated from Harvard Law School after the war. In 1959, he ran into Buffett again at a dinner party, beginning a 60-year friendship and later business partnership.

Early Life

Munger was born in Omaha, Nebraska, on January 1, 1924, to lawyers Alfred Case Munger and Florence Munger.

As a teenager, he worked at Buffett & Son, Warren Buffett’s grandfather’s grocery store. Munger and Buffett later became lifelong friends.

Education

Munger attended the University of Michigan, where he majored in mathematics and was a member of the Sigma Phi Society, a fraternity that is still considered a secret society today.

Munger dropped out of college after turning 19 in 1943 to join the United States Army Air Corps. He advanced to the rank of second lieutenant.

He excelled on the Army General Classification Test. He was later assigned to study meteorology at the California Institute of Technology in Pasadena, California, where he would eventually settle.

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Charities by Charlie Munger

Charlie Munger has donated a large portion of the proceeds to charity. He donated millions of dollars worth of nearly his Berkshire Hathaway class A shares. He gave to the following universities:

Charlie Munger Net Worth

  • The University Of California At Santa Barbara
  • The University Of Michigan Law School
  • Polytechnic School In Pasadena
  • University Of Michigan
  • Stanford University

Family Life

Munger was married twice, first to Nancy Jean Huggins in 1945 until their divorce in 1953, and then to Nancy Barry Borthwick in 1956 until her death in 2010. He has six children.

Frequently Asked Questions

What Does Charlie Munger Own?

The Top Five Holdings in Charlie Munger’s Current Portfolio as of 2022-09-30 Are Bank of America Corp (Bac), Wells Fargo & Co (WFC), Alibaba Group Holding Ltd (Baba), U.s. Bancorp (USB), and Posco Holdings Inc (Pkx), Not Including Call and Put Options.

How Much Money Does Charlie Munger Earn?

In 2022, Charlie Munger’s Net Worth is Estimated to Be $2.5 Billion, Compared to Warren Buffett’s Net Worth of $118 Billion. Munger Works as Hard as Buffett, and His Insights and Guidance Are Critical to Berkshire Hathaway’s Success.

Does Charlie Munger Still Own Costco Stock?

They…surprise and Delight Their Customers. And There is Nothing Like That in Business. You Have Happy Customers, but You’re a Long Way From Home.” Buffett’s Right-hand Man, Charlie Munger, Also Sits on Costco’s Board and Personally Owns More Than $90 Million in Costco Stock.

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