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

Charlie Munger, billionaire investor and longtime associate of Warren Buffett, has donated $40 million to the Henry E. Huntington Library and Art Museum in California. He gave 77 Class A Berkshire Hathaway shares, valued at over $40.3 million, for constructing 30 residences for visiting scholars.

Munger previously donated $33 million in Berkshire stock to the same museum ten years ago. Despite giving away a significant portion of his wealth in the past, Munger’s fortune has grown due to the increasing value of his Berkshire stock.

For more information see Josh Funk “Berkshire Hathaway’s Charlie Munger gives $40 million in stock to California museum” Associated Press, October 5, 2023.

Special thanks to David S. Luber (Florida Probate Attorney) for bringing this article to my attention.