Legendary Investor and Crypto Critic, Charlie Munger, Passes Away at 99

• Charlie Munger, Berkshire Hathaway's Vice Chairman, Passes Away at 99
• Warren Buffett's Statement on His Long-Term Business Partner's Death
• Charlie Munger's Demise: Family to Handle All Affairs
• An Overview of Berkshire Hathaway

Charlie Munger, Berkshire Hathaway's Vice Chairman, Passes Away at 99

Charlie Munger, a billionaire and long-term business associate of Warren Buffett, and the Vice Chairman of Berkshire Hathaway, has passed away at the age of 99. This news comes directly from a press release issued today by Berkshire Hathaway Inc.

Berkshire Hathaway was informed this afternoon by members of Munger's family that he quietly passed away this morning while in a Californian hospital.

Warren Buffett's Statement on His Long-Term Business Partner's Death

Warren Buffett, the CEO of Berkshire Hathaway, issued a statement concerning his long-term business partner. He credited the corporation's growth and current status to Munger, saying, Berkshire Hathaway could not have been built to its present status without Charlie's inspiration, wisdom, and participation.

Charlie Munger's Demise: Family to Handle All Affairs

The press release also noted that all affairs relating to Charlie Munger's passing would be handled by his family as per his instruction. To date, a cause of death is yet to be announced.

An Overview of Berkshire Hathaway

Berkshire Hathaway and its subsidiaries are engaged in various business activities. These include insurance and reinsurance, utilities and energy, freight rail transportation, manufacturing, retailing, and services. Over the years, it has become one of the most successful investment/holding firms globally.

Edited by Jonathan Stoker