Charlie Munger Net Worth: Charlie Munger had been Warren Buffett’s top advisor at Berkshire Hathaway (BRK.A) – Get Free Report for almost 50 years. His family reported to the company that the famous investor died on November 28, 2023, at the age of 99.
At the time of his death, Munger was also a real estate lawyer, a member of Costco’s board of directors, a talented (but unlicensed) architect, and a huge charity supporter. He had given tens of millions of dollars to the University of Michigan and other schools, sometimes with the condition that they built the buildings based on his architectural plans.
Charlie Munger Net Worth
Charlie Munger was an American businessman, lawyer, investor, and humanitarian. When he died, he was worth $2.7 billion. Charlie Munger was famous for being Warren Buffett’s right-hand man. Munger was the Vice-Chairman of Berkshire Hathaway, Buffett’s diverse investment company. From 1965 to 2021, they were in charge of Berkshire Hathaway and it made a 20% annual return.
As a person, Munger had a lot of shares in Berkshire. While he was still alive, he owned about 3.4% of all of Berkshire’s outstanding stock. He made about 80% of his $2.7 billion income from those shares.
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Charlie Munger Income Sources
Charlie Munger’s main sources of income are his stakes in different businesses and his job as Vice-Chairman of Berkshire Hathaway. His general income comes from things like dividends, ownership stakes, and investments that grow in value.
Munger’s wealth comes from the carefully considered investments he makes and the profits he makes from the right investments he makes. Charlie Munger makes money from a lot of different areas besides his investments and his job at Berkshire Hathaway.
One important source is that he has been the head or board member of several companies. The Daily Journal Corporation, Costco Wholesale Corporation, and the Graham Holdings Company are just a few of the companies that Munger is on the board of! Most of the time, these jobs come with a director’s fee, which helps Munger’s income.
It is also well known that Munger is a popular speaker at events and workshops. For his appearances, he charges a lot of money to share his knowledge and advice on investing, business, and life in general. Speaking events like these bring in a lot of money and fit with Munger’s desire to teach and share information.
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Charlie Munger Investment Portfolio
Charlie Munger’s investments are spread out among a lot of different businesses. As Vice-Chairman of Berkshire Hathaway, Munger is linked to the ownership of some big names in business, like Coca-Cola, American Express, Apple, and Bank of America. The companies he invests in show that he is committed to them having strong competitive advantages and long-term growth possibilities.
Besides the companies listed above, Charlie Munger also has big shares in Wells Fargo, Moody’s Corporation, Costco Wholesale, and Procter & Gamble. These holdings show that he likes companies that have been around for a long time, have a good reputation, and have long-lasting competitive benefits.
Charlie Munger Crypto and NFT Holdings
Charley Munger has promised himself that he will not keep a crypto account until the day he dies. In this case, it just means that the nonagenarian is not ready to change his critical view on crypto. What he said in an interview with the Australian Financial Review: “I think anyone who sells this stuff is either crazy or bad.” I’m not going to touch the crypto.”
Musk said, “Crypto is an investment in nothing, and the person trying to sell you an investment in nothing says, ‘I have a unique kind of nothing that’s hard to make more of.'” In the same way, the vice chair of Berkshire Hathaway told investors to stop putting their money into the company. “Don’t touch it.” Don’t buy it. “Let it go by,” he said, adding that it would be better to invest in company shares.
Conclusion
Charlie Munger, Warren Buffett’s top advisor at Berkshire Hathaway, passed away at the age of 99. Munger was a real estate lawyer, board member of Costco, an architect, and a significant charity supporter. He was worth $2.7 billion when he died. Munger’s income came from investments, dividends, ownership stakes, and growth-in-value investments. He also served as the Vice-Chairman of Berkshire Hathaway, which made a 20% annual return. Munger’s investments included Coca-Cola, American Express, Apple, and Bank of America. He also held shares in Wells Fargo, Moody’s Corporation, Costco Wholesale, and Procter & Gamble.