Charles Thomas Munger

Charles, or Charlie, Thomas Munger was born in Omaha, Nebraska in 1924.

He attended the University of Michigan and studied mathematics, but dropped out to serve in the U.S. Army before getting his degree. After becoming a second lieutenant and retiring from the services, Munger studied meteorology and made a new home at the California Institute of Technology. Munger still didn’t obtain his undergraduate degree, but later enrolled in Harvard Business School where he graduated magna cum laude with his Doctor of Law Degree in 1948. He used this degree to start his own law firm; Munger, Tolles & Olson, LLP, with two offices still open for business today.

Munger began his career with Berkshire Hathaway in 1978, when he became Vice Chairman to Warren Buffett. Buffett often refers to Munger as his business partner, though it isn’t official. For Berkshire Hathaway, Munger also serves on the Assurance Corporation board and the Investment Management board.

Munger was Chairman and Chief Executive Officer at Wesco Financial Corporation, a subsidiary of Berkshire Hathaway, from 1984 until 2011. From 2005 until 2011, Munger also acted as president of Wesco.

Munger is currently a director of Costco Wholesale Corporation and serves on the Blue Chip Stamps board. He is also the chairman at the Daily Journal Corporation and the Good Samaritan Hospital.

Like Warren Buffett himself, Munger is rather involved with philanthropy, though he has not yet signed the Giving Pledge. Note-able donations from Munger all have to do with education, something he is very passionate about, and include: more than $100 million to the University of Michigan for a new graduate building as well as many smaller donations for various improvements, 100 shares of Berkshire Class A stock (valued at $9 million at the time) to Harvard-Westlake School, and 500 shares of Berkshire Class A stock (valued at $43 million at the time) to Stanford, as well as a donation over $150 million to the University of California, Santa Barbara.