Investor Charlie Munger, Warren Buffett’s right-hand male for more than 5 years, hasactually made a $40 million present to a California museum he hasactually supported in the previous
ByJOSH FUNK AP service author
FILE – Berkshire Hathaway Vice Chairman Charlie Munger listens to a concern throughout an interview, May 7, 2018, in Omaha, Neb., with Liz Claman on Fox Business Network’s “Countdown to the Closing Bell.” On Thursday, Oct. 5, 2023, Munger, who’s been Warren Buffett’s right-hand guy for more than 5 years, made a $40 million present to a California museum that he’s supported in the past. (AP Photo/Nati Harnik, File)
The Associated Press
OMAHA, Neb. — Billionaire financier Charlie Munger, who’s been Warren Buffett’s right-hand male for more than 5 years, hasactually made a $40 million present to a California museum that he’s supported in the past.
Munger offered 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 rate of $523,545.06 a share, that made the present worth more than $40.3 million.
A years ago, he offered the Huntington museum almost $33 million worth of Berkshire stock to assistance pay for a brand-new education and visitors . Huntington spokesperson Susan Turner-Lowe stated this newest contribution will be utilized to construct more than 30 homes for checkingout scholars to usage while they invest time at the museum doing researchstudy.
Turner-Lowe stated scholars frequently invest a school year studying at the Huntington and the pricey rental market in Los Angeles hasactually made that challenging to affor