Berkshire Hathaway announces death of vice chairman Charlie Munger

Berkshire Hathaway has confirmed the death of Charlie Munger, the insurance company’s vice chairman.

The statement from Berkshire said the company had been advised by members of Munger’s family that he had “peacefully died this morning at a California hospital”.

Munger, who was 99, had been described as Buffett’s “right-hand man” at Omaha, Nebraska-headquartered Berkshire Hathaway.

Buffett once said of Munger: “We think so much alike that it’s spooky.”

He had also been a real estate attorney, philanthropist and architect.

Warren Buffett, CEO of Berkshire Hathaway, was also quoted in the statement.

“Berkshire Hathaway could not have been built to its present status without Charlie’s inspiration, wisdom and participation,” said Buffett.

“The family will handle all affairs pursuant to Charlie’s instructions,” he added.