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What Is Warren Buffet’s Partner and Billionaire Charlie Munger’s Net Worth?

Buffet and Munger were childhood friends since they lived in Omaha. They met again and built a professional relationship.

BY KRITIKA BHATIA

PUBLISHED NOV 23, 2023

American billionaire investor Charles Munger in Los Angeles, California, March 9, 1988. | Photo by Bonnie Schiffman | Getty Images

Name	Charlie Munger
Net Worth	$2.3 Billion
Sources of Income	Businesses, Investor
Date of Birth	January 1, 1924
Age	99 Years
Gender	Male
Nationality	United States of America
Profession	Entrepreneur, Businessman

Charlie Munger's Net Worth

American business tycoon, philanthropist, and active investor Charlie Munger has accumulated and built a net worth of approximately $2.3 billion, according to the Celebrity Net Worth. Munger is recognized as Warren Buffet's right hand and both were introduced through common friends at a dinner party and knew there was an inseparable bond. He started his career by taking a job at a law firm and ended by founding his own firm named Munger, Tolles & Olsen LLP. Munger had an inclination towards investments, be it real estate or mutual funds, and built a strong portfolio by studying and learning investment management.

TEFFEN, ISRAEL - SEPTEMBER 18: American billionaire investor Warren Buffett (R) gives a press conference with his business partner Charlie Munger at the Iscar Metalworking headquarters September 18, 2006 in the Teffen industrial zone in northern Israel. Buffett, whose company Berkshire Hathaway bought an interest in Iscar Metalworking for USD 4 billion earlier this year, is on a two-day tour of Israel, visiting Iscar's plants and meeting with Israeli political and business leaders. (Photo by David Silverman/Getty Images) — American billionaire investor Warren Buffett (R) with his business partner Charlie Munger | Photo by David Silverman | Getty Images

What are Charlie Munger’s sources of income?

Munger has gathered and earned most of his wealth from investment partnerships and being the major shareholder in some large companies and these decisions worked pretty well for him. Buffet and Munger were childhood friends since they lived in Omaha but again met and built a professional relationship. Munger is the Vice-Chairman of Berkshire Hathaway, Buffet's investment firm. Munger has an impressive portfolio with its holdings in Wells Fargo & Co. (40.99%), US Bankcorp (2.92%), Bank of America Corp (39.69%) and Alibaba Group Holding (16.40%). Apart from these, he has also worked for Wesco Financial Corporation as its chairman and is currently working at the Daily Journal Corporation as a chairman and director at Costco Wholesale Corporation.

CEO Warren Buffett and Chairman of the Board Charlie Munger of Berkshire Hathaway speak at the company's annual shareholders' meeting. Berkshire investors gather yearly to hear Buffet and Munger speak and answer questions in Ak-Sar-Ben Coliseum in Omaha, Nebraska. (Photo by mark peterson/Corbis via Getty Images) — CEO Warren Buffett and Chairman of the Board Charlie Munger of Berkshire Hathaway speak at the company's annual shareholders' meeting. | Photo by Mark Peterson | Corbis via Getty Images

Charlie Munger's personal life

Charlie Munger has been married twice. He first got married to Nancy Huggins in 1945, her sister's roommate with whom he had children. The couple had three children and one died after fighting Leukemia at 9. They named their children Wendy Munger, Molly Munger, and Teddy Munger. Charlie Munger got divorced in 1956 and married Nancy Barry, a philanthropist and a member of Phi Beta Kappa. His four children with Nancy Barry include T. Munger Jr., Emilie Munger Ogden, Barry A. Munger, Emilie Munger Ogden, and Philip R. Munger. He has two stepchildren, William Harold Borthwick and David Borthwick.

You don't have to be brilliant , only a bit wiser than the average guys for a long time -Charlie Munger

Munger believes that if you have the power to earn then you must distribute it amongst the ones who are not capable of earning. Through his philanthropic efforts, he has till now donated millions of dollars to the welfare of universities and schools. In March 2016, Munger made a huge donation to UC Santa Barbara worth $200 million on the promise that the university would construct the dormitory with those funds.

Charlie Munger only has his right eye working in good condition as his cataract eye surgery was not successful and the doctors reportedly told him that he could have a condition where his eye would fill up with blood and he would become blind. Hearing this, Munger pushed himself and took braille lessons.

Charlie Munger at his book signing event Katherine Graham at Borsheim's Jewelry store. --- Photo by Mark Peterson/Corbis SABA (Photo by mark peterson/Corbis via Getty Images) — Charlie Munger at his book signing event Katherine Graham at Borsheim's Jewelry store. | Photo by Mark Peterson | Corbis via Getty Images

FAQs

How did Charlie Munger meet Warren Buffet?

Charlie Munger met Warren Buffet at a dinner party through mutual friends in 1959.

What is Charlie Munger doing now?

Charlier Munger is working as the chairman of the Daily Journal Corporation and Costco Wholesale Corporation's director.

Why is Charlie Munger's wealth less than Warren Buffet's?

Munger has decided to donate a major proportion of his wealth while living, whereas Buffet has the notion to do the same after his death.