An American business magnate, lawyer, investor, and philanthropist.
Charlie Thomas Munger is an American business magnate, lawyer, investor, and philanthropist born in Omaha, Nebraska on January 1, 1924. He is the vice chairman of Berkshire Hathaway, chairman of the Daily Journal Corporation, chairman of Wesco Financial Corporation, Chairman of Good Samaritan Hospital, and the director of Costco Wholesale Corporation.
Charlie Munger is also the chairman of Wesco Financial Corporation, a subsidiary of Berkshire Hathaway. Wesco began as a savings and loans association and expanded into controlling Precision Steel Corp., CORT Furniture Leasing, Kansas Bankers Surety CompanyKansas Bankers Surety Company, and several other ventures. Munger also helped Wesco build an equity portfolio worth over $1.5 billion. Wesco's equity portfolio is primarily made up of Coca-Cola, American Express, Wells Fargo, and Proctor & Gamble. During the annual shareholders meeting for Wesco, Munger is known to speak for hours with shareholders and joke about what one his his idols, Benjamin Franklin, would do in given situations.