(Washington) Multi-billionaire investor Warren Buffett paid tribute Saturday, in his annual letter to shareholders, to his recently deceased business partner Charlie Munger, whom he describes as the “architect” of the financial conglomerate Berkshire Hathaway.
Charlie Munger, who died in November at the age of 99, was the longtime right-hand man of 93-year-old Warren Buffett.
“Charlie was the architect of today’s Berkshire and I acted only as a ‘master builder’ to carry out his vision on a daily basis,” writes the chairman of the Berkshire Hathaway group, a powerful conglomerate on the markets, invested in Geico insurance, railway companies but also Apple and hydrocarbons.
“He was for me half older brother, half caring father,” writes Warren Buffett of his partner, born like him in the city of Omaha (Nebraska).
“Together, with those who invested at the beginning, Charlie and I ended up much better off than we ever imagined,” the billionaire still admits.
According to the ranking of Forbesthe personal wealth of Warren Buffett, who began investing in the stock market when he was eleven years old, amounts to 137 billion dollars, making him the sixth richest man in the world.
Berskhire Hathaway, which ranks among the top ten American companies in terms of market valuation, generated annual net profits of $96.2 billion in 2023, according to a press release on Saturday. In 2022, due to the stock market slump that year, the group recorded a loss of 22.7 billion.