Charlie Munger, Vice Chairman of Berkshire Hathaway (NYSE: BRK), America’s largest conglomerate by revenue, has died at the age of 99. Munger passed away on Tuesday, 28th November, in a California hospital, Berkshire Hathaway announced.

• The cause of death wasn’t disclosed.

Munger built a fabled reputation as a value-driven investor over decades. He joined Berkshire Hathaway as Vice Chairman in 1978. He helped transform it from a textiles firm into a massive conglomerate with interests spanning insurance, energy, automotive dealerships, railroads, retail, and many more.

Munger worked as a real estate attorney and ran an investment partnership before joining Berkshire.

Munger was popularly known as the right-hand man of Warren Buffett, Berkshire’s chief executive. Together, they oversaw America’s largest conglomerate, with $300bn in annual sales. “Berkshire Hathaway could not have been built to its present status without Charlie’s inspiration, wisdom and participation,” Buffett said in a statement announcing Munger’s death.

• Munger amassed a sizeable fortune primarily from Berkshire shares. He left behind a $2.6bn fortune, according to a Forbes estimate, and had previously donated hundreds of millions of dollars primarily to educational causes, including American colleges like Stanford University, the University of Michigan, and the University of California, Santa Barbara.

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