The current Charlie Munger new worth in 2022 is $2.4 billion and he currently ranks #1580 on Forbes Billionaires list.
Charlie Munger at 98, remains the vice chairman of Berkshire-Hathaway and partner of Warren Buffett for their annual shareholder meetings. Charlie worked with Warren in Buffet’s grandfather’s grocery store in Omaha, Nebraska. Munger earned $2 for ten hours of labor in the 1930’s.
Munger left the University of Michigan to become an Army meteorologist during World War II. After the war he earned a degree from Harvard Law School. He ran into Buffett again at a dinner party in 1959 and started a 60 year friendship and later business partnership.
In 1962, Munger both founded and worked as a real estate attorney at the firm Munger, Tolles & Olson LLP. He later gave up the practice of law to focus on managing investments. He also partnered with Otis Booth and got into real estate development.
Charlie Munger ran an investment partnership of his own from 1962 to 1975. Munger’s investment partnership generated compound annual returns of +19.8% from 1962 to 1975 versus a +5.0% annual return rate for the Dow Jones Industrial Average during the same period.
Charlie Munger is looked at for his investment wisdom and philosophies on life.