LOS ANGELES (CNS) - Billionaire investor and businessman Charlie Munger, a close confidante of Warren Buffett and vice chairman of Buffett's Berkshire Hathaway holding company, died Tuesday at a California hospital at age 99.
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No other details were immediately released. A statement issued by Berkshire Hathaway said only that the firm was informed by Munger's family that he "peacefully died this morning at a California hospital."
"Berkshire Hathaway could not have been built to its present status without Charlie's inspiration, wisdom and participation," Buffett said in a statement released by the company.
An Omaha, Nebraska, native, Munger studied meteorology at Caltech at the direction of the Army Air Corps. He never finished his degree but the experience led him to adopt Pasadena as his new home.
He went on to attend Harvard Law School, graduating magna cum laude, then returned to Southern California to practice real estate law, founding the law firm of Munger, Tolles & Olson.
He also turned his attention to investing, founding the management firm Wheeler, Munger & Co., while also engaging in real estate development.
Munger met Buffett during a lunch in Nebraska in 1959, and the pair became instant friends.
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