OMAHA, Neb (KMTV/AP) — Charlie Munger, who helped Warren Buffett build Berkshire Hathaway into an investment powerhouse, has died. He was 99.
Munger's death was confirmed in a statement from the company, which said he died Tuesday at a California hospital.
Munger served as Buffett's sounding board on investments and business decisions and helped lead Berkshire as its vice chairman for decades.
In a news release, Berkshire Hathaway said the following:
Berkshire Hathaway a few minutes ago was advised by members of Charlie Munger’s family that he peacefully died this morning at a California hospital.
Warren Buffett, CEO of Berkshire Hathaway, wishes to say: “Berkshire Hathaway could not have been built to its present status without Charlie’s inspiration, wisdom and participation.”
The family will handle all affairs pursuant to Charlie’s instructions.
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