Berkshire Hathaway's Charlie Munger gives $40 million in stock to California museum

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OMAHA, Neb. (AP) — Investor Charlie Munger, who's been Warren Buffett's right-hand man for more than five decades, has made a $40 million gift to a California museum that he's supported in the past. Munger gave 77 Class A Berkshire Hathaway shares to the Henry E. Huntington Library and Art Museum in San Marino, California, according to a filing with the Securities and Exchange Commission. At Thursday's closing price of $523,545.06 a share, that made the gift worth more than $40.3 million. A deca

OMAHA, Neb. — Investor Charlie Munger, who's been Warren Buffett's right-hand man for more than five decades, has made a $40 million gift to a California museum that he's supported in the past.

Once a billionaire, Munger's fortune never rivaled his best friend Buffett's. But Munger lost his billionaire status long ago as he steadily gave away his fortune, and roughly $1 billion of his stock went into a charitable trust in 2010 after his wife died. The conglomerate that Munger helped Buffett build owns dozens of companies, including BNSF railroad, Geico insurance and several major utilities along with well-known brands like See's Candy and Dairy Queen along with numerous manufacturing firms. Although Berkshire is based in Omaha, Nebraska, where Buffett lives, Munger has long lived in southern California, so much of his charitable giving has been focused on the West Coast.

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